MHP shares slump amid US-Iran war

In addition to the escalation in the Middle East, the price was also pressured by the general decline in European markets.
The securities of the agricultural holding MHP fell by 5.7% on the first trading day after the escalation of the conflict between the US and Iran. On the London Stock Exchange, the shares fell by $0.48 (to $7.9), Forbes writes.
As Andriy Nesteruk, head of the strategy department of the London fintech startup Finteum, explains, investors are reacting to the risks to MHP’s business in the Middle East. About a third of MHP’s chicken exports go to MENA countries, primarily the Persian Gulf states. At the same time, the sovereign investment fund of Saudi Arabia owns 12.6% of MHP’s shares.
The expert notes that the fall in MHP is more than the average market 2–3%, because the stock is relatively illiquid, so fluctuations can be sharper. However, if the conflict does not drag on, the impact on quotes will not be critical.
Other Ukrainian agricultural companies also showed negative dynamics: Agroton (-4.9%), Milkiland (-2.5%), IMC (-1.9%), KSG Agro (-1.6%), Astarta (-0.9%).
Also, the day before, USM reported that tanker freight is rapidly growing on the route from the Middle East to China.
