Ukrainian stocks rise sharply in Europe as investors react to peace plan talks
24 November 2025 21:40
Ukrainian stocks on European exchanges are showing a sharp rise amid news of progress in negotiations on the US peace plan. After meetings in Geneva between the delegations of Ukraine and the United States, investors reacted positively to signals of possible progress in the diplomatic process. This was reported by Interfax-Ukraine, according to "Komersant Ukrainian".
What happened
Morning trading on the Warsaw Stock Exchange (WSE) on Monday opened with a significant rise in the price of Ukrainian securities. The growth in some positions reached 20%, and after a short correction, the shares of most issuers continued to trade in the green zone.
The largest growth was shown by:
- Milkiland – 12.5%,
- Agroton – 15.16%,
- Coal Energy – 13.07%.
At the same time, one of the country’s largest agricultural companies, Astarta, increased its quotations by almost 5%, while Kernel Holding rose by 5.75%, although it is not included in the main stock exchange index due to its small free float.
On the London Stock Exchange (LSE), where institutional capital predominates, Ukrainian issuers also showed significant gains:
- Ferrexpo – 24.78%,
- MHP – 6.41%.
What’s behind the market jump
The impetus for the sharp rise was the announcement of the results of Sunday’s consultations in Geneva. According to the information provided by the negotiators, the peace initiative managed to reduce differences by 28 points and move closer to a common position.
Although the details of the updated version have not yet been made public, the very fact of a potential breakthrough has caused a wave of optimism in the market. For investors, the main signal was that the diplomatic track could again move into a phase of real progress, and this has already been reflected in asset prices.
What does growth mean
The reaction of stock exchanges may indicate that the market is beginning to price in the likelihood of de-escalation in the future. At the same time, quotes remain sensitive to any reports on the progress of negotiations, and further dynamics will depend on whether investor expectations are confirmed by specific political decisions.
As a reminder, international consultations on a plan to end the war in Ukraine were held in Geneva on November 23, Ukrainian President Volodymyr Zelenskyy said.
The head of the Ukrainian delegation, the head of the Office of the President of Ukraine, Andriy Yermak, also announced the start of negotiations to achieve a “sustainable and just peace.”
