Investor activity slows down on Warsaw Stock Exchange in January

Investor activity slows down on Warsaw Stock Exchange in January
By bne IntelliNews February 5, 2018

Share trading on the Warsaw Stock Exchange's (WSE's) main equities market totalled PLN19.4bn (€4.65bn) in January, a fall of 11% y/y, the bourse announced on February 2. Other markets’ performance was less spectacular.

The fall comes after trading fell 22.8% y/y in December although, throughout last year, investor activity soared 28.9% to PLN261bn. The stock exchange's indices have been on the rise since late 2016, with the main WIG index gaining 23.2% last year. At the end of January, the WIG stood at 66,048.17 points, equivalent to a 19.6% increase in annual terms.

Trading on the alternative NewConnect market fell 45.6% y/y to PLN72.4mn in January, the fall’s rate picking up speed in comparison to a drop of 43.1% y/y seen in December. 

In contrast, trading on the non-treasury bond market Catalyst jumped 43.2% y/y to PLN318.2mn after growing 42.7% y/y the previous month. The value of non-treasury bond issues listed on the Catalyst market grew 26.8% y/y to PLN74.5bn.
On the commodities exchange, gas transactions totalled 7.1 TWh, a fall of 45.7% y/y. Electricity trading expanded 44.5% y/y to 10.9 TWh.

The bourse’s overall capitalisation came in at just over PLN1.47tn in January, representing growth of 25.6% y/y.