The Warsaw Stock Exchange publishes August turnover data for the markets operated by the WSE Group.
Shares 2)
Main Market
The total value of trading in shares was PLN 17.6 billion, an increase of 1% compared to the average monthly turnover in January-July 2012.
The value of session trading was PLN 14.4 billion, lower than PLN 26.8 billion in August 2011. The incremental value of session trading year to date was PLN 127.2 billion (down by 26.8%). Market activity as measured by the number of session transactions in August decreased year on year and year to date and stood at PLN 0.76 million in August 2012 and PLN 7.87 million year to date in 2012, respectively.
The WIG index lost 1.5% year on year at the end of August 2012.
NewConnect
The value of session trading was PLN 86.6 million in August 2012, as compared to PLN 143.1 million in August 2011. The number of session transactions decreased to 49.8 thousand in August 2012 from 82.9 thousand in August 2011. The total value of trading in January-August 2012 was PLN 0.9 billion, as compared to PLN 1.5 billion in January-August 2011.
The NCIndex lost 23.9% year on year at the end of August 2012.
Derivative instruments
Futures contracts: The monthly volume of trading in index futures was 0.56 million contracts, a decrease compared to 1.72 million in August 2011. The incremental volume of trading year to date was 6.3 million, a decrease of 28.4% year on year. The number of open interest in index futures was 106.2 thousand at the end of August 2012, an increase of 11.4% year on year. The volume of trading in single-stock futures (27.9 thousand) was lower than in August 2011 (79.7 thousand). The volume of trading in currency futures was 104.8 thousand in August 2012, as compared to 29.7 thousand in August 2011.1)
Options: The volume of trading in index options was 74.3 thousand in August 2012 and the incremental volume was 416.2 thousand year to date in 2012. The trading volume was 135.3 thousand and 721.5 thousand, respectively, in the same periods of 2011.
Structured products, investment certificates and ETFs
Structured products and investment certificates: The value of trading in structured products and investment certificates was PLN 16.1 million.
ETFs: The value of trading in ETFs was PLN 21.9 million in August 2012, as compared to PLN 44.9 million in August 2011. The incremental value of trading in ETFs year to date decreased by 12.7% to PLN 185.3 million.
Debt instruments
Catalyst
The monthly value of session trading was PLN 92.8 million, a decrease of 11.3% as compared to PLN 104.7 million in August 2011. Session trading in January-August 2012 was PLN 1.1 billion and total trading was PLN 2.2 billion, an increase of 27.1% and 131.6%, respectively, year on year.
The nominal value of listed instruments (corporate, municipal and mortgage bonds) was PLN 49 billion at the end of August 2012, an increase of 39.7% year on year. The number of transactions in August 2012 at 3.9 thousand was up by 15.6% year on year.
Treasury BondSpot Poland
The value of cash transactions on Treasury BondSpot Poland continued to grow at a double-digit rate. It was PLN 43.7 billion in August 2012, an increase of 51.2% year on year. The turnover in January-August 2012 was PLN 7.7 billion higher than in all of 2011. Conditional transactions in August 2012 decreased by 6.4% year on year and stood at PLN 51.9 billion.
Electricity and property rights 3)
Electricity: Forward transactions on the WSE Group electricity markets reached 9.4 TWh in August 2012, an increase of 9.3% as compared to 8.6 TWh in August 2011. Spot transactions in electricity reached 1.6 TWh, a decrease of 0.2 TWh year on year. Incremental spot transactions year to date stood at over 14.2 TWh, a decrease of 0.9% year on year.
Property rights: The monthly volume of trading in property rights was 3.4 TWh, as compared to 5.3 TWh in August 2011. The trading volume in January-August 2012 increased by 16.6% year on year and reached 41.00 TWh.
The WSE held 22 trading sessions in August 2012, the same as in August 2011.
1) – the volume of trading in currency futures is calculated on the basis of a trading unit equal to 1,000 contracts as of 1 May 2012 (previously: 10,000 contracts); consequently, the volume of trading in currency futures and the total volume of trading in derivative instruments are not fully comparable to previous periods
2) – transactions in shares, allotment certificates and subscription rights
3) – transactions on poee WSE EM and the Polish Power Exchange. The WSE acquired a majority stake in the Polish Power Exchange on 24 February 2012