Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

June 2012 On The Warsaw Stock Exchange

Date 06/07/2012

  • Bonds of another WIG20 company newly listed on Catalyst
  • New segmentation on NewConnect
  • WSE General Meeting has distributed 2011 profit
  • WSE website awarded as Golden Website in WIG20 and mWIG40 category
  • Main Market WSE

     

    Key Events

    The 16th edition of the Wall Street Conference took place in Zakopane on 1-3 June. The event is the biggest gathering of individual investors in Central and Eastern Europe. At this years’ event, the Exchange  was awarded by the Association of Individual Investors for top standards of communication with individual investors.

     

    ***

    As of the beginning of June, the Warsaw Stock Exchange and the Polish Press Agency (PAP) implemented modifications of the WSEInfoSpace portal (www.wseinfospace.pl).  The new technological solutions ensure faster access to information and direct communication between companies and shareholders or potential investors. The new solutions implemented on the portal include a system of listed company profiles, which allows every  company to contribute investor relations content to the portal including information about its projects, financial indicators, plans and projections.

    ***

     

    An Ordinary General Shareholders Meeting of the WSE was held on 27 June. The Meeting adopted a resolution concerning distribution of the 2011 profit and decided to allocate PLN 60,439,680.00 for dividend payment. The  dividend per share is PLN 1.44.

    ***

    Winners of the Golden Website competition organised by the Association of Listed Companies were announced in June. The WSE won the main prize in the WIG20 and mWIG40 company category.

    The winners were named in three stages of the selection process and their websites were evaluated by the competition jury comprised of prominent personalities of the capital market and experts in graphic design, marketing  communication, journalism, economics, and investor relations.

     

    ***

    On 26-27 June, the Warsaw Stock Exchange participated in the International Derivatives Expo (IDX) in London. The event was organised by the American organisations Futures Industry Association (FIA) and Futures and Options  Association (FOA).

    As usual, the Expo was accompanied by a two-day conference devoted to the current situation and trends on the global derivatives markets.

    Index Changes

     

    After the trading session on 15 June, a periodic verification was performed for Main Market and NewConnect indices as well as the WIG-CEE index which includes companies from both markets. The lists of WIG20 and mWIG40  index participants were unchanged. In the periodic verification, the Slovenian companies KRKA and NOVAKBM and the Czech company TWIGONET were added to the WIG-CEE index portfolio.

    Key Statistics

    Percentage Index Change in June

    Year to Date

    WIG20

    8.54

    6.1

    MWIG40

    2.44

    5.81

    SWIG80

    2.52

    12.05

    WIG-PLUS

    -1.31

    5.3

    WIG

    7.98

    8.55

    215 stocks listed on the Main Market generated positive returns.

     

    Highest growth in stock prices in June

    Company

    Price at 29.06.2012

    Price at 31.05.2012*

    % change

    ANTI

    2.13

    0.75

    184.00

    SKOTAN

    4.31

    3.00

    43.67

    BETACOM

    6.82

    4.90

    39.18

    * for newly listed shares: reference price on the first day of trading

       

     

    The value of trading on the cash market was PLN 15,414 million, up by 8% month on month. The value of trading on the futures market was PLN 22,588 million, down by 12% month on month.

     

    Trading in instruments (PLN mn)

    Shares and allotment certificates*

    15413.86

    Bonds*

    61.07

    ETF*

    30.75

    Futures contracts

    Value**

    22572.26

    Volume (#)

    1174895

    Options

    Value**

    16.12

    Volume (#)

    65316

    Structured products

    Value**

    16.13

    Volume (#)

    591650

    *excluding block trades

     

    **based on the value of contracts/options

    NewConnect 

     

    Key Events

     

    On 26 June, new regulations of the NewConnect market came into force in implementation of the market reform announced early this year aimed at enhancement of the quality of the market. As a result, the requirements for  issuers on the market were made stricter and a segmentation of issuers was introduced in order to improve their transparency.

    The segmentation of NewConnect companies first announced on 27 June 2012 allows for classification of companies in segments NC Lead (the leading companies segment, as before) as well as NewConnect High Liquidity Risk  and Super High Liquidity Risk. The HLR segment includes companies whose free-flow capitalisation is less than PLN 1 million. Companies whose average share price is less than PLN 0.10 or share price volatility is more than 10 percent (quarterly average in either  case) are classified in SHLR. The SHLR segment also includes shares of companies in bankruptcy. Classification of a company in the HLR segment entails removal of its shares from NewConnect indices while classification in the SHLR segment additionally results  in transfer of the issuer’s shares to the single-price auction system.

    New Listings

    4 June - Triceps.pl

    The main offer of the company addressed to individuals who actively practise fitness, body building and martial arts includes the distribution of dietary supplements and sport nutrition products. 

    ***

    6 June - AlejaSamochodowa.pl

    The core business of the company is on-line sale of car parts for brand vehicles of leading manufacturers.

     

    ***

    8 June - V Group

    V Group operates a mobile telephony business. The company is planning to acquire companies which own points of sale of GSM network operators active in Poland.

     

    ***

    11 June - VIVID GAMES

    Vivid Games designs and producers games for portable and stationary consoles, PC and Mac computers, and smartphones.

     

    ***

    12 June - Apache Quest SA.

    The company owns five online information and entertainment services addressed to persons interested in modern lifestyles.

     

    ***

    13 June - Kancelaria Medius

    The company provides debt collection services, in particular debt collection by order, purchase of debt portfolios, debt handling and administration.

     

    ***

    15 June - OSTATNIEMIEJSCA.PL

    The company operates a tourist business and acts as an agent selling broadly understood tourist services.

    ***

    15 June - INVENTI

    The company operates on the broadly understood energy market and develops new projects to generate energy from renewable sources.

    *** 

    18 June - AEDES

    The core business of the company is to provide construction and assembly services.


    ***

    19 June - Reklamofon.pl

    Reklamofon.pl is an online service which allows individual users to make free-of-charge telephone calls.

    ***

    20 June - Your Image

    The company operates a broadly understood online image and promotion business.

    ***

    21 June - AdMassive

    The core business of the company is to offer corporate marketing and technology services. Its main customer is the segment of large Polish and international chains.

     

    ***

    25 June - VELTO

    The core business of the company is to design and develop online services. 

    ***

    27 June -  LS TECH - HOMES

    The business purpose of the company is to market a broad range of composite products used in construction, road building and mining.

    Key Statistics

    Percentage Index Change in June

    Year to Date

    NCINDEX

    -2.34

    -11.82

    NCXLIFESCI

    -3.62

    -5.41

    136 stocks listed on NewConnect generated positive returns.

     

    Highest growth in stock prices in June

    Company

    Price at 29.06.2012

    Price at 31.05.2012*

    % change

    ATSENERGY

    0.19

    0.27

    209.63

    MOBINI

    2.10

    0.89

    135.96

    BABY

    1.02

    0.45

    126.67

    * for newly listed shares: reference price on the first day of trading

       

     

    The value of trading in shares and allotment certificates on NewConnect was PLN 54.4 million, down by 26% month on month.

     

    Trading in instruments (PLN mn) *

    Shares

    47.03

    Allotment certificates

    7.39

    * excluding block trades

    Catalyst  

    New Listings

    On 27 June, debt instruments worth PLN 1 billion issued by PKN Orlen were newly listed on the bond market Catalyst. It is an issue of the highest value introduced to Catalyst this year.

    One of the reasons for the introduction of the Orlen bonds to the WSE’s debt market was to address the expectations of pension funds, which acquired the company’s bonds in anticipation of their eventual introduction to  trading ensuring their full standardisation and transparency.

    Municipal bonds:

     

    28 June – City of ElblÄ…g Municipality.

    Value of the issue: PLN 35,000,000

     

    Corporate bonds:

     

    5 June IDEON S.A.

    Value of the issue: PLN 15,000,000

    ***

    6 June - DEBT TRADING PARTNERS SP. Z O.O. S.K.A.

    Value of the issue: PLN 13,400,000

    ***

    21 June - Koncept WS sp. z o.o. S.K.A

    Value of the issue: PLN 8,000,000

    ***

     

    27 June - POLSKI KONCERN NAFTOWY ORLEN S.A.

    Value of the issue: PLN 1,000,000,000

     

    Key Statistics

    Trading on Catalyst (PLN mn) *

    June

    May

    WSE

    45.45

    42.94

    BondSpot

    1021.24

    3.25

    Total

    1066.69

    46.19

    Instruments with the highest value of trading on Catalyst *

    Instrument

    (PLN mn)

    PLK0915

    1019.37

    KRU0713

    5.17

    KRU0514

    4.37

    KRU0914

    4.35

    RNK1213

    2.85

    * total WSE and BondSpot

     

     

     

     

    Treasury BondSpot Poland

    Trading:

    Treasury BondSpot Poland (PLN bn)  

     

     

    June 

    May 

    Cash market

    31.0

    39.11

    Conditional transactions

    43.9

    49.88

    Total 

    74.9

    88.99 

     

    WSE Commodity Markets

     

    Trading:

    Electricity

    poee WSE EM and Polish Power Exchange 

    June 2012 

    May 2012 

    Spot transactions (TWh)

    1.75

    1.81

    Forward transactions (TWh)

    10.07

    7.30

     

    Property rights         

       

    Polish Power Exchange 

    June 2012 

    May 2012 

    Property rights market (TWh)

    6.07

    5.23