News
Investor Activity On GPW Group Markets – December 2021
PRESS RELEASE – TRADING ON GPW GROUP MARKETS
- GPW Main Market Electronic Order Book1 equities turnover value decreased by 34.3% YoY to PLN 22.7 billion
- Derivatives turnover volume increased by 21.1% YoY to 1,600,000 contracts
- Non-Treasury bonds EOB turnover value on Catalyst increased by 65.1% YoY to PLN 367.8 million
- Bonds turnover value on TBSP increased by 54.8% YoY to PLN 26.2 billion
- Electricity turnover volume increased by 0.02% to 17.7 TWh
- Natural gas turnover volume increased by 17.0% YoY to 17.2 TWh
- Turnover in Guarantees of Origin of RES electricity increased by 56.7% to 3.5 TWh
In December 2021, total equities turnover value on the GPW Main Market was PLN 24.2 billion, representing a 31.3% decrease year on year, while Electronic Order Book turnover value decreased by 34.3% year on year to PLN 22.7 billion. Average daily Electronic Order Book equities turnover value stood at PLN 1,078.9 million, a 37.4% decrease year on year. On the last trading day of December 2021, the WIG index closed at 69,296.26 points, representing a 21.5% increase year on year.
Total December 2021 NewConnect equities turnover value decreased by 65.7% year on year to PLN 404.8 million, while Electronic Order Book equities turnover decreased by 68.0% year on year and stood at PLN 372.9 million.
Total December 2021 derivatives turnover volume was 1,600,000 contracts, representing a 21.1% increase year on year. Index futures turnover volume increased by 3.8% year on year to 564,600 contracts. Single-stock futures turnover volume decreased by 25.8% year on year to 182,700 contracts. Currency futures turnover volume increased by 64.3% year on year to 836,500 contracts.
In December 2021, structured products turnover value decreased by 6.4% year on year to PLN 236.9 million. ETF turnover value decreased by 3.4% year on year to PLN 69.1 million.
At the end of December 2021, Catalyst listed non-Treasury bond value was PLN 95.1 billion, compared to PLN 99.4 billion at the end of December 2020. In December 2021, turnover value of non-Treasury bonds on Catalyst’s Electronic Order Book increased by 65.1% year on year to PLN 367.8 million.
In December 2021, total TBSP bond turnover value was PLN 26.2 billion, compared to PLN 16.9 billion in December 2020, representing a 54.8% increase year on year.
Total December 2021 electricity turnover volume was 17.7 TWh, representing a 0.02% increase year on year, where spot transaction turnover volume decreased by 9.2% year on year to 3.0 TWh and forward transaction turnover volume increased by 2.1% year on year to 14.8 TWh.
Total December 2021 natural gas turnover volume was 17.2 TWh, representing a 17.0% increase year on year, where spot transaction turnover volume decreased by 10.2% year on year to 3.8 TWh and forward transaction turnover volume increased by 27.8% year on year to 13.4 TWh.
Turnover volume of December 2021 spot transactions in property rights to certificates of origin, excluding rights to certificates of energy efficiency (“white certificates”)2, was 2.5 TWh, representing a 9.2% decrease year on year.
In December 2021, turnover volume of property rights to certificates of origin of energy efficiency (“white certificates”) decreased by 22.7% year on year to 8.0 ktoe3.
December 2021 turnover volume in Guarantees of Origin of electricity generated from renewable energy sources increased by 56.7% year on year to 3.5 TWh.
At the end of December 2021, the market capitalisation of 383 domestic companies listed on the Main Market was PLN 701.2 billion (EUR 152.7 billion), while the total market capitalisation of 430 domestic and foreign companies listed on the Main Market was PLN 1,312.7 billion (EUR 285.9 billion).
Shares of the companies BIG CHEESE STUDIO (offering value PLN 27.9 million), GRUPA PRACUJ (offering value PLN 1.1 billion), STS HOLDING (offering value PLN 1.1 billion) and BIO PLANET (transfer from NewConnect; offering value PLN 9.8 million) were newly listed on the Main Market in December 2021.
Shares of the companies ASMODEV S.A. (offering value PLN 13.2 million), IRON WOLF STUDIO S.A. (offering value PLN 4 million), RENDER CUBE S.A. (offering value PLN 9.9 million) were newly listed on NewConnect in December 2021.
In December 2021, GPW held 21 trading sessions compared to 20 trading sessions in December 2020.
The appendix presents turnover data for the markets operated by GPW.
______________________________________
1 Trading in the session, net of block trades.
2 Certificates of origin of energy efficiency (“white certificates”) are issued, traded, and cleared in different metric units than other certificates on TGE (toe – tonne of oil equivalent; amount of energy equivalent to one metric tonne of crude oil with a calorific value of 10,000 kcal/kg).
3 Ktoe = 1,000 toe, Mtoe = 1,000,000 toe.
***
History of the WSE
On 12 April 1991, the then Ministers of Ownership Transformation and Finance signed the Deed of Incorporation of the joint stock company "Giełda Papierów Wartościowych w Warszawie S.A." Four days later, on the day of the WSE's inaugural session, shares of five companies were traded and the turnover amounted to PLN 1990. Since 2018, the WSE has been classified as one of the 25 developed markets by the FTSE Russell agency. The history of the capital market on Polish soil dates back to the early 19th century. The first in Poland and one of the few in Europe, the Merchant Exchange, was established in Warsaw on 2 May 1817, soon became the largest market in Tsarist Russia, responsible for 5-6% of global securities trading. A thriving stock exchange, accounting for 90% of the domestic turnover, also operated in Warsaw in the interwar period. After the period of the People's Republic of Poland and the planned economy, it was not until 1989, with the political and economic transformation, that the Polish capital market was able to develop again.
Stock exchange today
The average EoB equity daily trading volume on the WSE was PLN 1,502.8 million in October 2021. The Main Market listed 425 companies (378 domestic and 47 foreign) and the NewConnect market listed 373 companies (369 domestic and 4 foreign) at the end of October 2021. Last year, the WSE Group generated record sales of PLN 403.8 million and one of the highest ever net profits of over PLN 151 million. According to the Federation of European Securities Exchanges, in 2020 the WSE ranked first in Europe in terms of percentage increase in equity turnover and third in terms of the value of initial offerings. At the end of 2020, the WSE was also the second market in Europe in terms of liquidity and achieved the status of world leader in terms of the number of listed companies in the gamedev sector.
WSE position in the region
The WSE is the leader among stock exchanges in Central and Eastern Europe by the number of listed companies and the total capitalisation of domestic companies. The WSE's share in trading on stock exchanges in the region is 81%. The WSE leads the initiative of the Three Seas Stock Exchanges and aspires to the role of a regional hub for young technological companies with huge potential, the so-called unicorns. Negotiations are currently underway for the WSE to acquire a majority stake in the Armenian Exchange.
***
The Warsaw Stock Exchange Group (GPW Group) operates trading platforms for shares, Treasury and corporate bonds, derivatives, electricity and gas, and provides indices and benchmarks including WIBOR and WIBID. The index agent FTSE Russell classifies the Polish capital market as a Developed Market since 2018. The markets operated by the GPW Group are the biggest in Central and Eastern Europe. For more information, visit www.gpw.pl