Investor Activity On GPW Group Markets – February 2022

• GPW Main Market Electronic Order Book^[1] equities turnover value increased by 3.0% YoY to PLN 27.1 billion
• Derivatives turnover volume increased by 57.4% YoY to 1,200,000 contracts
• Non-Treasury bonds EOB turnover value on Catalyst increased by 208.6% YoY to PLN 726.1 million
• Bonds turnover value on TBSP increased by 47.9% YoY to PLN 54.8 billion
• Electricity turnover volume decreased by 8.3% to 15.5 TWh
• Natural gas turnover volume increased by 19.2% YoY to 13.9 TWh

 

In February 2022, total equities turnover value on the GPW Main Market was PLN 28.2 billion, representing a 0.7% increase year on year, while Electronic Order Book turnover value increased by 3.0% year on year to PLN 27.1 billion. Average daily Electronic Order Book equities turnover value stood at PLN 1,356.9 million, a 3.0% increase year on year. On the last trading day of February 2022, the WIG index closed at 61,141.35 points, representing a 7.3% increase year on year.

Total February 2022 NewConnect equities turnover value decreased by 65.0% year on year to PLN 321.5 million, while Electronic Order Book equities turnover decreased by 65.3% year on year and stood at PLN 313.3 million.

Total February 2022 derivatives turnover volume was 1,200,000 contracts, representing a 57.4% increase year on year. Index futures turnover volume increased by 68.8% year on year to 765,400 contracts. Single-stock futures turnover volume increased by 3.7% year on year to 207,600 contracts. Currency futures turnover volume increased by 114.3% year on year to 241,400 contracts.

In February 2022, structured products turnover value increased by 39.0% year on year to PLN 370.9 million. ETF turnover value increased by 94.5% year on year to PLN 102.8 million.

At the end of February 2022, Catalyst listed non-Treasury bond value was PLN 97.5 billion, compared to PLN 100.2 billion at the end of February 2021. In February 2022, turnover value of non-Treasury bonds on Catalyst’s Electronic Order Book increased by 208.6% year on year to PLN 726.1 million.

In February 2022, total TBSP bond turnover value was PLN 54.8 billion, compared to PLN 37.0 billion in February 2021, representing a 47.9% increase year on year.

Total February 2022 electricity turnover volume was 15.5 TWh, representing an 8.3% decrease year on year, where spot transaction turnover volume decreased by 17.8% year on year to 2.7 TWh and forward transaction turnover volume decreased by 6.1% year on year to 12.8 TWh.

Total February 2022 natural gas turnover volume was 13.9 TWh, representing a 19.2% increase year on year, where spot transaction turnover volume decreased by 50.8% year on year to 1.7 TWh and forward transaction turnover volume increased by 48.0% year on year to 12.3 TWh.

Turnover volume of February 2022 spot transactions in property rights to certificates of origin, excluding rights to certificates of energy efficiency (“white certificates”),[2] was 1.7 TWh, representing a 37.9% decrease year on year.

In February 2022, turnover volume of property rights to certificates of origin of energy efficiency (“white certificates”) decreased by 46.6% year on year to 4.6 ktoe[3].

February 2022 turnover volume in Guarantees of Origin of electricity generated from renewable energy sources decreased by 25.1% year on year to 1.5 TWh.

At the end of February 2022, the market capitalisation of 381 domestic companies listed on the Main Market was PLN 621.6 billion (EUR 132.5 billion), while the total market capitalisation of 427 domestic and foreign companies listed on the Main Market was PLN 1,205.8 billion (EUR 257.1 billion).

In February 2022, GPW held 20 trading sessions, the same as in February 2021.

The appendix presents turnover data for the markets operated by GPW.

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History of the WSE

On 12 April 1991, the then Ministers of Ownership Transformation and Finance signed the Deed of Incorporation of the joint stock company "Giełda Papierów Wartościowych w Warszawie S.A." Four days later, on the day of the WSE's inaugural session, shares of five companies were traded and the turnover amounted to PLN 1990. Since 2018, the WSE has been classified as one of the 25 developed markets by the FTSE Russell agency. The history of the capital market on Polish soil dates back to the early 19th century. The first in Poland and one of the few in Europe, the Merchant Exchange, was established in Warsaw on 2 May 1817, soon became the largest market in Tsarist Russia, responsible for 5-6% of global securities trading. A thriving stock exchange, accounting for 90% of the domestic turnover, also operated in Warsaw in the interwar period. After the period of the People's Republic of Poland and the planned economy, it was not until 1989, with the political and economic transformation, that the Polish capital market was able to develop again.

Stock exchange today

The average EoB equity daily trading volume on the WSE was PLN 1,356.9 million in February 2022. The Main Market listed 427 companies (381 domestic and 46 foreign) and the NewConnect market listed 383 companies (379 domestic and 4 foreign) at the end of February 2022. In 2020, the WSE Group generated record sales of PLN 403.8 million and one of the highest ever net profits of over PLN 151 million. According to the Federation of European Securities Exchanges, in 2020 the WSE ranked first in Europe in terms of percentage increase in equity turnover and third in terms of the value of initial offerings. At the end of 2020, the WSE was also the second market in Europe in terms of liquidity and achieved the status of world leader in terms of the number of listed companies in the gamedev sector.

WSE position in the region

The WSE is the leader among stock exchanges in Central and Eastern Europe by the number of listed companies and the total capitalisation of domestic companies. The WSE's share in trading on stock exchanges in the region is 81%. The WSE leads the initiative of the Three Seas Stock Exchanges and aspires to the role of a regional hub for young technological companies with huge potential, the so-called unicorns. Negotiations are currently underway for the WSE to acquire a majority stake in the Armenian Exchange.

Investor Activity on GPW Markets in February 2022 (attachment)

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The Warsaw Stock Exchange Group (GPW Group) operates trading platforms for shares, Treasury and corporate bonds, derivatives, electricity and gas, and provides indices and benchmarks including WIBOR and WIBID. The index agent FTSE Russell classifies the Polish capital market as a Developed Market since 2018. The markets operated by the GPW Group are the biggest in Central and Eastern Europe. For more information, visit www.gpw.pl

 

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