2013-01-03 13:07:44

Key Events 2012

Warsaw, 3 January 2013

The Year 2012 on the WSE

Press Release

  • The capitalisation of domestic companies on the Main Market grew by 17.3%, the WIG index gained 26.2%, and the average turnover per session was PLN 753 million (down by 24.6%).
  • The WSE closes the year with a much higher number of issuers: 19 new listings on the Main Market, 89 on NewConnect, and 64 on Catalyst.
  • In times of weaker conditions on the global markets, the WSE grew its share in trading in shares in the Region.
  • The debt market Catalyst reported a significant increase of the value of issues (+30.7%) and session turnover.
  • The WSE completed a key stage of implementation of the new trading system (UTP) and acquired the Polish Power Exchange (PolPX) which opened the Gas Exchange.

Despite unfavourable conditions prevailing for the bigger part of the year on the financial markets, the main indices closed the year 2012 with the strongest percentage growth since 2009. The WIG index gained 26.2% during the year while WIG20 gained 20.4%. The WIG20TR index, which includes income from shares, gained 28.7%. The sector indices which gained the most in 2012 were WIG-SUROWCE (+78.9%), WIG-CHEMIA (+57.9%) and WIG-PALIWA (+39.1%). The indices that lost the most were WIG-BUDOWNICTWO (-30.9%), WIG-TELEKOMUNIKACJA (-21.2%) and WIG-ENERGIA (-2.7%). The NewConnect market index, NCIndex, lost 20.1%.

The number of listed companies continued to grow in 2012 both in the WSE's Main Market and on NewConnect although the number of new listings on both markets was lower than in 2011. The number of companies listed on the Main Market grew from 426 at the end of 2011 to 438; there were 19 new listings in the 12 months of 2012. The capitalisation of domestic companies on the Main Market grew by 17.3% to PLN 523.4 billion while the total capitalisation of domestic and foreign companies grew by 14.2% to PLN 734.0 billion. On NewConnect, there were 89 new listings in 2012 while the number of listed companies grew by 22.2% to 429. The total capitalisation of domestic and foreign companies on NewConnect grew by 30.6% to PLN 11.1 billion.

In 2012, despite lower activity of issuers on the IPO market, more foreign companies decided to become newly listed in Warsaw. The 50th foreign company was newly listed in December and the WSE listed 51 foreign companies at the end of 2012, including 43 on the Main Market and 8 on NewConnect.

Similar to other global exchanges, the WSE reported a lower value of trading in shares. The average turnover per session on the Main Market was PLN 753 million, down by 24.6% compared to the record-breaking year 2011. On NewConnect, turnover fell by 38.1% to PLN 4.6 million per session. At the same time, the WSE continued to grow its share in the value of trading on the CEE exchanges in 2012. Trading in shares on the WSE accounted for 53.7% of trading in the Region in 2012, as compared to 50.0% in 2011.

On the futures market, the WSE reported a decrease of the average volume per session by 26.9%; the average volume of trading in options per session fell by 19.7%.

The main parameters of the Catalyst market improved considerably in 2012. The number of issuers grew to 155 and the value of issues increased by 30.7% to a record-high PLN 52.3 billion. The average turnover per session more than doubled and reached PLN 4.5 million.

On the Treasury BondSpot Poland market of Treasury securities, the value of cash transactions increased by 46.7% to PLN 449.6 billion.

The year 2012 was also the time of a key stage of implementation of the new trading system for the WSE's financial markets which will go live on 15 April 2013.

In 2012, the Polish Power Exchange joined the WSE Group, adding the important commodity market to the Exchange's business segments. The acquisition was financed with cash raised in an issue of WSE bonds at a total par value of PLN 245 million; the bonds are listed on Catalyst. In December 2012, the Polish Power Exchange opened a new promising market: the Gas Exchange.

WSE statisics 2012

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Key Events 2012:

  • 4 January - WSE introduces the first series of bonds at a par value of PLN 170 million to trading in the ATS operated by BondSpot
  • 20 February - WSE bonds worth PLN 75 million sold in an individual investor tranche (second series) are newly listed on Catalyst
  • 24 February - WSE acquires a controlling stake in the Polish Power Exchange at close to PLN 180 million
  • 13 March - WSE publishes the consolidated annual report for 2011
  • 2 April - WSE introduces cross trade
  • 5 April - WSE is Europe's #1 market by the number of IPOs in Q1 2012
  • 1 May - WSE introduces modifications to the standard specification of currency futures (USD, EUR, CHF, GBP)
  • 21 May - WSE publishes major amendments to the Alternative Trading System Rules and introduces a new segmentation of the NewConnect market
  • 23 May - 400th company is newly listed on NewConnect
  • 24 May - NYSE Technologies and WSE announce market data partnership
  • 30 May - WSE begins to calculate and publish the first regional index WIG-CEE
  • 30 - 31 May - the second edition of the CEE IPO Summit takes place
  • 1 June - WSE in partnership with the Polish Press Agency launches the new version of the WSEInfoSpace online service
  • 13 June - WSE's website ranks #1 in the fifth edition of the Golden Website contest organised by the Association of Listed Companies
  • 27 June - WSE's AGM decides to pay out dividend at PLN 1.44 per share
  • 26 June - new regulations of NewConnect which implement a market reform take effect
  • 27 June - WSE publishes the composition of new segments of the NewConnect market: High Liquidity Risk (HLR) and Super High Liquidity Risk (SHLR)
  • 4 June - WSE is Europe's #1 market by the number of IPOs in Q2 2012
  • 12 July - shares of 400 issuers are listed on NewConnect
  • 27 August - WSE launches a mobile application for Apple iOS and Android users
  • 27 August - WSE, PSE Operator and the Polish Power Exchange sign a co-operation agreement 
  • 31 August - fifth edition of the NewConnect Convention / Catalyst Bond Congress takes place
  • 31 August - fifth anniversary of NewConnect (413 listed companies including 7 foreign companies, over PLN 2.5 billion of raised capital)
  • 5 September - Financial Supervision Authority approves the Rules of Gas Trading on the Polish Power Exchange and the Rules of the Exchange Clearing House (commodity market) operated by the Warsaw Commodity Clearing House 
  • 12 September - 237 structured products issued by Raiffeisen Centrobank AG are newly listed on the WSE
  • 30 September - third anniversary of Catalyst (147 issuers, over 300 bond series)
  • 4 October - WSE is Europe's #1 market by the number of IPOs and #4 by the value of IPOs in Q3 2012
  • 11 October - GAZ-SYSTEM S.A. signs a co-operation agreement with the Polish Power Exchange crucial to the creation of the gas exchange
  • 20 November - WSE announces 15 April 2013 as the first day of availability of the new trading system UTP
  • 26 November - WSE introduces amendments to the Code of Best Practice for WSE Listed Companies 
  • 3 December - 50th foreign company is newly listed on the WSE
  • 3 December - WSE begins to calculate and publish the WIG20TR index which includes income from shares, in particular dividend and subscription rights income
  • 14 December - Alior Bank is newly listed on the WSE's Main Market; the IPO worth close to PLN 2.1 billion is the biggest private placement in the history of the WSE
  • 20 December - the Gas Exchange is opened by PolPX

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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.http://www.gpw.pl.

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