Ukrainian stocks on the Warsaw Stock Exchange (WSE) rebounded sharply on Wednesday morning after a three-day average decline of 7%, following positive news from Ukraine-U.S. negotiations in Jeddah, Saudi Arabia, the day before.

According to WSE data as of 10:20 AM Kyiv time, Milkiland shares surged by 9.52%, while agribusiness firms Agrotone and IMC, both operating near the frontlines, rose by 7.27% and 5.68%, respectively. KSG Agro saw a 10.07% increase, and Astarta, Ukraine's largest sugar producer, gained 3.89%.

Shares of Coal Energy, a company whose mining operations have been suspended due to the war, climbed 8.44%.

Additionally, Kernel, Ukraine's largest sunflower oil producer, saw its stock price rise by 7.47%. These shares are not part of the WSE index due to low free-float, although they had suffered the largest decline the previous day, dropping 8.06%.

On the London Stock Exchange, which is less influenced by retail investors than the WSE, shares of Ferrexpo, a Ukrainian mining company, gained 7.09%, while poultry giant MHP saw a slight decline of 0.97%.

On the Ukrainian eurobond market, a reconciliation between Presidents Volodymyr Zelenskyy and Donald Trump also led to an increase in bond prices by 0.6% to 1.9%. Ukrainian eurobonds maturing in 2029 are now trading at 68.13% of face value on the Frankfurt Exchange, while those maturing in 2036 are at 55.43%.

GDP-linked warrants also rose by 0.78% to 77.75% of their notional value.