The Warsaw Stock Exchange is the unquestionable regional leader in Central and Eastern Europe. The WSE’s capitalisation of domestic companies, IPO number and value, futures market, and value of trading are higher than on any other stock exchange of the region.
Value of Trading
The WSE’s monthly value of trading (EUR 2,884 million) was higher than the value of trading of the Wiener Boerse (EUR 2,564 million) in November 2008.
The WSE’s value of trading has been growing steadily as compared to the Wiener Boerse. The value of trading of the Wiener Boerse was EUR 2 billion higher than on the WSE in January 2007. The gap shrank to only EUR 250 million in December 2007. The WSE’s value of trading was greater than that of Wiener Boerse in November 2008.
In 2008, the WSE also reported higher capitalisation of domestic companies compared to Wiener Boerse.
Figure 1. Value of Trading on Selected Stock Exchanges (EUR M, November 2008)
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Source: FESE
Capitalisation
Over the past year, the WSE has grown to become the largest stock exchange in the CEE/SEE region. The capitalisation of the WSE is bigger than that of Wiener Boerse or Athens Exchange. The capitalisation of the WSE is EUR 15 billion bigger than that of Wiener Boerse. The capitalisation of the WSE was almost EUR 2 billion greater than the capitalisation of Athens Exchange at the end of November 2008.
Figure 2. Capitalisation of Domestic Companies on Selected Stock Exchanges (EUR B, end of November 2008)
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Source: FESE
IPO Market
According to the Federation of European Securities Exchanges (FESE), the WSE ranked first in Europe regarding the number of IPOs in 2008 (as of end of November 2008). The WSE was ahead of all exchanges in the region as well as other markets including London, Euronext and OMX.
Table 1. Number of IPOs on Selected Stock Exchanges (Jan-Nov 2008)
|
Stock Exchange (main list + alternative market) |
2008 |
|
|
Total |
|
|
82 |
|
|
72 |
|
Euronext |
21 |
|
Bulgarian Stock Exchange |
7 |
|
|
2 |
|
|
2 |
|
|
2 |
|
|
1 |
|
|
0 |
|
|
0 |
|
Wiener Börse |
0 |
