Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

Trading On WSE: October 2013

Date 05/11/2013

Warsaw Stock Exchange publishes October turnover data for the markets operated by WSE Group.

Equities Market1)

Main Market

The value of session trading in equities on the Main Market was PLN 21.8 billion in October 2013, an increase of 36.2% year on year. The average value of trading per session was PLN 947.8 million. The incremental value of session trading in the first ten months of 2013 increased by 18.2% year on year from PLN 158.3 billion to PLN 187.1 billion.

The total value of trading in equities on the Main Market was PLN 25.1 billion in October 2013, an increase of 53.2% year on year (PLN 16.4 billion in October 2012). The incremental turnover on the market year to date was PLN 218.8 billion, an increase of 27.6% year on year.

The WIG index gained 24.0% year on year and gained 13.0% year to date at the end of October 2013.

NewConnect

The total value of trading on NewConnect increased by 65.2% year on year from PLN 83.8 million in October 2012 to PLN 138.5 million in October 2013. The incremental value of trading on NewConnect year to date was PLN 956.5 million in the first ten months of 2013, a decrease of 12.5% year on year.

The NCIndex gained 4.9% year to date and lost 1.0% year on year at the end of October 2013.

Derivative Instruments Market 2)

Futures contracts: The monthly volume of trading in index futures was 551.6 thousand contracts in October 2013 compared to 568.2 thousand contracts in October 2012 (a decrease of 2.9%). The number of open interest in index futures increased by 18.4% year on year to 116.3 thousand at the end of October 2013. The incremental volume of trading in index futures year to date was 7.0 million contracts, a decrease of 9.7% compared to 7.7 million contracts in January-October 2012.

The monthly volume of trading in single-stock futures decreased by 57.7% year on year (63.8 thousand contracts in October 2012 v. 27.0 thousand contracts in October 2013); however, the incremental volume in January-October increased by 23.4% year on year (434.3 thousand contracts in 2012 v. 535.9 thousand contracts in 2013). The volume of trading in currency futures was 196.0 thousand in October 2013, an increase of 91.6% year on year.

Futures contracts on interest rates: Treasury bonds and WIBOR rates, were introduced to trading on 18 October 2013. The volume of trading in such instruments in the first ten sessions, i.e., from 18 to 31 October 2013, was 1.8 thousand in aggregate (416 futures contracts on Treasury bonds and 1.4 thousand futures contracts on WIBOR rates).

Options: The volume of trading in WIG20 index options was 42.1 thousand in October 2013, a decrease of 19.7% year on year compared to 52.5 thousand options in October 2012. However, the incremental volume of trading in options year to date increased by 26.8% from 544.1 thousand options in January-October 2012 to 690.2 thousand options in January-October 2013.

Debt Instruments Market

Catalyst

The value of listed series (corporate, municipal and mortgage bonds) stood at PLN 59.3 billion at the end of October 2013 compared to PLN 51.0 billion in October 2012 (an increase of 16.3%). The monthly value of total trading increased by 65.7% from PLN 146.1 million in October 2012 to PLN 242.1 million in October 2013.

Treasury BondSpot Poland

The value of cash transactions on Treasury BondSpot Poland decreased by 26.3% year on year to PLN 28.0 billion in October 2013. The value of conditional transactions decreased by 13.6% from PLN 73.3 billion in October 2012 to PLN 63.4 billion in October 2013.

Structured Products, ETFs and Investment Certificates Market

Structured products and investment certificates: The aggregate monthly value of trading in structured products and investment certificates doubled from PLN 18.7 million in October 2012 to PLN 37.5 million in October 2013. 

ETFs: The value of trading in ETFs nearly tripled from PLN 7.7 million in October 2012 to PLN 23.0 million in October 2013.

Commodity Market3)

Electricity: The volume of forward transactions on the electricity market reached 15.9 TWh in October 2013, an increase of 16.6% year on year. The incremental volume of forward transactions in electricity year to date increased by 90.1% year on year and stood at 127.9 TWh. The volume of spot transactions in electricity increased from 1.7 TWh in October 2012 to 1.9 TWh in October 2013 (by 15.6%).

Property rights: The monthly volume of trading in property rights decreased by 69.9% year on year from 5.0 TWh in October 2012 to 1.5 TWh in October 2013. The volume of trading in property rights was 35.0 TWh in the first ten months of 2013, a decrease of 30.9% compared to 50.6 TWh in January-October 2012.

Natural gas: The total volume of trading on the gas market was 146.6 GWh in October 2013 (43.4 GWh of spot transactions and 103.2 GWh of forward transactions). The incremental total volume of trading in natural gas year to date was 833.5 GWh in January-October 2013.

WSE held 23 trading sessions in October 2013, the same number as in October 2012.

WSE October 2013 trading Statistics

1)     transactions in shares, allotment certificates and subscription rights

2)     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, incremental data (the volume of trading in currency futures and the total volume of trading in derivative instruments) are not fully comparable to previous periods

3)     transactions on poee WSE EM (until 31 March 2013) and the Polish Power Exchange. WSE acquired a majority stake in the Polish Power Exchange on 24 February 2012. The gas exchange was opened as a part of PolPX in December 2012.