The WIG Ukraine index, which reflects the value of Ukrainian companies’ shares, has reached pre-war levels on the Warsaw Stock Exchange (WSE). This is evidenced by its rapid growth, which rose by almost 25% in a few days.
According to Puls Biznesu, the reason for this optimistic jump was the information that the United States is allegedly preparing a plan to end the Russian-Ukrainian war. Investors hope that after peace is achieved, active reconstruction of the territories controlled by Ukraine will begin and that negotiations on the country’s accession to the European Union will move forward.
The growing interest in Ukrainian assets also positively impacted the shares of the largest Polish companies. Jakub Szkopek, an analyst at Erste Securities, explained that investors believed in the possibility of a quick end to the war and the beginning of Ukraine’s reconstruction. This opens up excellent prospects for Polish companies, especially construction companies with Ukrainian market experience. He also noted that the liquidity of the shares of companies such as Grupa Kęty and Budimex makes them particularly attractive to foreign investors.
