- Trading in shares and derivatives hits historical highs in view of increased market volatility
- Main Market reports the highest monthly value of session trading in the history of the WSE at PLN 26.8 billion (+90.6% YoY)
- Monthly volume of trading in index futures exceeds 1.7 million for the first time ever (+84.1% YoY)
- Eight months into the year, 2011 is the WSE’s best year ever as measured by the volume of trading in options and single stock futures (+169.4% and +200.2% YoY in August, respectively)
The Warsaw Stock Exchange publishes August turnover data for the markets operated by the WSE Group.
Shares 1)
Main Market
The value of session trading was PLN 26.8 billion, an increase of PLN 2.9 billion compared to the record-high turnover in March 2011, and an increase of PLN 12.7 billion compared to August 2010. The incremental value of trading year to date was PLN 173.8 billion, an increase of 34.6% year on year and 84% of the total annual session trading in 2010. The value of trading in January – August 2011 was 6.5% higher than the value of trading in the same period of 2007, when the WSE reported the highest value of session trading. The average number of transactions per session exceeded 77 thousand, the second highest figure after 88 thousand transactions per session in April 2007.
BenchMark Finance and TD Investments became Exchange Members in August. The WSE now has 28 domestic members and 29 foreign members in 13 countries.
The WIG index gained 0.02% year on year and lost 11.10% year to date at the end of August 2011.
NewConnect
The value of session trading was PLN 143.1 million in August 2011, an increase of 14.4% year on year. The incremental value of trading in January – August 2011 was over PLN 1.4 billion, an increase of 63.8% year on year.
The NCIndex lost 18.8% year on year and 28.5% year to date at the end of August 2011.
Derivative instruments
Futures contracts: Due to increased volatility on the financial markets, the volume of trading in index futures hit a historical high in August 2011 and exceeded 1.7 million contracts as compared to 0.9 million in August 2010, an increase of 84.1%. The monthly volume of trading in single stock futures was 79.7 thousand and tripled year on year; the volume of trading in January – August 2011 increased by 116.5% year on year. The incremental volume of trading in single stock futures in January – August 2011 (487.6 thousand) was the highest annual figure in the history of the WSE.
Increased trading in currency futures, which started in June, continued in August. The volume of trading in these instruments tripled year on year and reached 29.7 thousand, the second highest monthly volume of trading in currency futures after October 2008. The incremental volume of trading year to date grew by 52.3% and reached 125.1 thousand contracts.
Options: Similar to single stock futures, the volume of trading in options throughout the year grew dynamically year on year; as a result, the volume of trading in these instruments in 2011 is the highest ever in he history of the market. The volume of trading in August 2011 grew by 169.4% year on year; the volume of trading in January – August 2011 grew by 73.3%, which was the second highest annual growth rate among the WSE’s main financial instruments after single stock futures.
Structured products, investment certificates and ETF
ETF: The value of trading in ETFs was PLN 44.9 million in August 2011, a significant increase compared to the other months of 2011. The incremental value of trading was PLN 212.2 million year to date.
Structured products and investment certificates: The value of trading in investment certificates and structured products was PLN 77.3 million (structured products: PLN 62.1 million; investment certificates: PLN 15.2 million). The incremental value of trading in structured products year to date increased by 7.9% and the value of trading in certificates increased by 63.1% year on year.
Fixed-income instruments
Catalyst
The value of session trading was PLN 104.6 million in August 2011 and PLN 840.4 million in January – August 2011, as compared to PLN 137.8 million in August 2010 and PLN 962.8 million in January – August 2010. The number of transactions increased by almost one half compared to August 2010 and reached 3.3 thousand. The value of listed bond issues (corporate, municipal and mortgage bonds) was PLN 35.1 billion at the end of August 2011, an increase of 68.9% year on year.
Treasury BondSpot Poland
The monthly value of cash transactions increased by 105.4% year on year while the value of conditional transactions increased from PLN 15.2 billion to PLN 55.4 billion (up by 263.6%). The incremental value of cash transactions was PLN 191.8 billion in January – August 2011 (an increase of 134% year on year) and the value of conditional transactions was PLN 537.6 billion (an increase of 524.3%).
The WSE held 22 trading sessions in August 2011, the same as in August 2010.
Warsaw Stock Exchange
The Warsaw Stock Exchange is the biggest securities exchange in Central and Eastern Europe. The WSE organises trading on one of the most dynamically growing capital markets in Europe. The WSE operates a regulated market of shares and derivative instruments and the alternative stock market NewConnect for growing companies. The WSE is developing Catalyst, a market for issuers of corporate and municipal bonds, as well as an energy market.
Since 9 November 2010, the WSE is a public company listed on the Warsaw Stock Exchange. For more information visit http://www.gpw.pl
1) - transactions in shares, allotment certificates and subscription rights