At the end of October 2009, on a year-to-date basis, the Warsaw Stock Exchange (WSE) holds the first place in the Central and Eastern European region in terms of equity turnover value and market capitalisation.
The summary data of the Federation of European Securities Exchanges (FESE) for the first ten months of the current year confirm the leading position of the Warsaw bourse in the Central and Eastern European Region. The capitalisation of domestic companies on the WSE at the end of October this year totalled € 86 billion, whereas the turnover value in January-October amounted to € 33 billion.
Fig. 1 – Capitalisation of domestic companies from December ’08 to October ‘09 (billion Euro)
Source: FESE
The runner-up position in the region in terms of domestic companies’ capitalisation and equity turnover value was held the Vienna bourse that, effective from September this year, is shown in the FESE statistics as CEESEG - Vienna (included in one group with Ljubljana, Prague and Budapest stock exchanges). At the end of October ‘09, the WSE capitalisation was up 1.3% compared to the previous month (with practically stable EUR/PLN exchange rate). In the same period, the capitalisation of domestic companies listed on the Vienna bourse declined 5.1%.
From the perspective of equity turnover value, the leading position of the Warsaw Stock Exchange compared to its Austrian competitor prevailed during a major part of the studied period.
Fig. 2 – Equity turnover value from January ’09 to October ’09 (billion Euro).
Source: FESE
Figure 3 provides important information as it shows that the WSE has coped better than the Wiener Boerse with economic downturn. The comparison of equity turnover value in the first 10 months 2009 to the same period in 2008 shows that the turnover on the WSE shrank 22%, whereas on the Vienna bourse – 55%.
Fig. 3 – Equity turnover value from January ’09 to October ‘09 and from January ’08 to October ‘08 (billion Euro)
Source: FESE
According to the latest IPO Watch Europe Survey published by PricewaterhouseCoopers, the Warsaw Stock Exchange has maintained high position in the European IPO Market. At the end of third quarter, on a year-to-date basis, WSE was the second largest market in Europe in terms of IPO volume and the third largest exchange in terms of IPO value. In the region of Central and Eastern Europe, the Warsaw bourse still occupies the position of unquestionable leader.
During three quarters of 2009, WSE hosted the total of 22 IPOs on both of its stock markets. In the same period the number of IPOs was only higher on the markets organised in Europe by the NYSE Euronext alliance (23 IPOs).