- GPW Main Market Electronic Order Book[1] equities turnover value increased by 10.7% YoY to PLN 24.6 billion
- Derivatives turnover volume increased by 25.5% YoY to 1,536,800 contracts
- Bonds turnover value on TBSP increased by 494.7% YoY to PLN 44.1 billion
- Electricity turnover volume increased by 35.8% to 25.6 TWh
- Natural gas turnover volume increased by 88.2% YoY to 25.0 TWh
- Turnover in Guarantees of Origin of RES electricity increased by 49.7% to 2.0 TWh
In September 2021, total equities turnover value on the GPW Main Market was PLN 25.1 billion, representing a 12.5% increase year on year, while Electronic Order Book turnover value increased by 10.7% year on year to PLN 24.6 billion. Average daily Electronic Order Book equities turnover value stood at PLN 1,118.3 million, a 10.7% decrease year on year. On the last trading day of September 2021, the WIG index closed at 70,340.86 points, representing a 42.4% increase year on year.
Total September 2021 NewConnect equities turnover value decreased by 71.1% year on year to PLN 374.7 million, while Electronic Order Book equities turnover decreased by 70.9% year on year and stood at PLN 372.9 million.
Total September 2021 derivatives turnover volume was 1,536,800 contracts, representing a 25.5% increase year on year. Index futures turnover volume decreased by 6.3% year on year to 543,100 contracts. Single-stock futures turnover volume increased by 12.9% year on year to 241,200 contracts. Currency futures turnover volume increased by 89.6% year on year to 732,000 contracts. Options turnover volume decreased by 54.9% year on year to 20,400 contracts.
In September 2021, structured products turnover value increased by 84.1% year on year to PLN 337.7 million. ETF turnover value increased by 1.2% year on year to PLN 48.8 million.
At the end of September 2021, Catalyst listed non-Treasury bond value was PLN 96.7 billion, compared to PLN 95.2 billion at the end of September 2020. In September 2021, turnover value of non-Treasury bonds on Catalyst’s Electronic Order Book increased by 2.9% year on year to PLN 187.1 million.
In September 2021, total TBSP bond turnover value was PLN 44.1 billion, compared to PLN 7.4 billion in September 2020, representing a 494.7% increase year on year.
Total September 2021 electricity turnover volume was 25.6 TWh, representing a 35.8% increase year on year, where spot transaction turnover volume increased by 17.7% year on year to 3.3 TWh and forward transaction turnover volume increased by 39.0% year on year to 22.3 TWh.
Total September 2021 natural gas turnover volume was 25.0 TWh, representing an 88.2% increase year on year, where spot transaction turnover volume increased by 44.3% year on year to 1.7 TWh and forward transaction turnover volume increased by 92.5% year on year to 23.3 TWh.
Turnover volume of September 2021 spot transactions in property rights to certificates of origin, excluding rights to certificates of energy efficiency (“white certificates”),[2] was 1.6 TWh, representing a 21.8% decrease year on year.
In September 2021, turnover volume of property rights to certificates of origin of energy efficiency (“white certificates”) decreased by 50.7% year on year to 5.5 ktoe[3].
September 2021 turnover volume in Guarantees of Origin of electricity generated from renewable energy sources increased by 49.7% year on year to 2.0 TWh.
At the end of September 2021, the market capitalisation of 379 domestic companies listed on the Main Market was PLN 682.9 billion (EUR 147.4 billion), while the total market capitalisation of 426 domestic and foreign companies listed on the Main Market was PLN 1,304.0 billion (EUR 281.5 billion).
Shares of the companies Baked Games S.A. (offering value PLN 8.8 million), Madmind Studio (offering value PLN 0.9 million), Console Labs (offering value PLN 4.6 million), Immersion Games (offering value PLN 2.5 million), Woodpecker.co (offering value PLN 11 million) were newly listed on NewConnect in September 2021.
Municipal bonds of the city of Chełm (offering value PLN 81 million) and corporate bonds of the company R.Power Sp. z o.o. (offering value PLN 150 million) were newly listed on Catalyst in September 2021.
In September 2021, GPW held 22 trading sessions, the same as in September 2020.
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 1,118.3 million in September 2021. The Main Market listed 426 companies (379 domestic and 47 foreign) and the NewConnect market listed 371 companies (367 domestic and 4 foreign) at the end of September 2021. Last year, 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 September 2021 (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
[1] Trading in the session, net of block trades.
[2] Certificates of origin of energy efficiency (“white certificates”) are issued, traded, and cleared in different metric units than other certificates on TGE (toe – tonne of oil equivalent; amount of energy equivalent to one metric tonne of crude oil with a calorific value of 10,000 kcal/kg).
[3] ktoe = 1,000 toe, Mtoe = 1,000,000 toe
