IMC shares plunge 17% in a week — the biggest drop among Ukrainian agricultural companies
IMC shares fell 17.4% last week, marking the steepest decline among Ukrainian agricultural companies listed on the Warsaw and London stock exchanges, according to data from Eavex Capital.
Shares of other Ukrainian agricultural companies also declined. KSG Agro lost 1.5%, Agroton fell 0.8%, Milkiland dropped 0.7%, MHP declined 3.9%, and Kernel edged down 0.1%.
Astarta was the only company to record a weekly gain, with its shares rising 0.2%.
Since the beginning of the year, shares of all the Ukrainian agricultural companies covered by the report have declined. MHP has recorded the largest year-to-date loss, with its shares down 31.9%. KSG Agro shares have fallen 31.7%, followed by Astarta (31.5%), Agroton (30.3%), Milkiland (25.7%), IMC (17.6%), and Kernel (6.3%).
Kernel remains the largest Ukrainian agricultural company by market capitalization, valued at $1.459 billion. MHP ranks second at $524 million, followed by Astarta at $191 million and IMC at $190 million.
Among the smaller companies, Agroton has a market capitalization of $21 million, while Milkiland and KSG Agro are valued at $11 million and $10 million, respectively.