News
November on the Warsaw Stock Exchange
In November 2003 all WSE indices fell. The WIG20 index, which groups together the largest companies, fell the most.
Monthly index movements Year-to-date
WIG20 -8.4% 23.2%
MIDWIG -4.8% 26.1%
WIG -6.9% 33.9%
TECHWIG -7.5% 49.4%
NIF -3.2% -3.1%
WIRR -4.5% 82.7%
Out of all the listed companies, 49 showed positive rates of return.
Stocks with the highest return in November
Company Price on 31.10.03 Price on 28.11.03 Change (%)
EKODROB 0.73 1.55 112.3
GARBARNIA 3.42 6.05 76.9
PEKPOL 1.20 2.11 75.8
Cash market turnover amounted to PLN 6 996m and was 22% lower than in October. On the futures market, turnover totalled PLN 10 404m, 40% down on the previous month.
Turnover (million zloty)
Stocks (excluding block trades) 5 731
Bonds (excluding block trades) 1 249
MiniWIG20 1.2
Futures
Value (based on contracts value) 10 398
Volume (no. of contracts) 344 709
Options
Value (based on premium) 4.8
Volume (no. of contracts) 5 555
On November 10, 2003, three-year Treasury bonds with a floating interest rate and due to mature on November 5, 2006 (abbreviated name TZ 1106) debuted on the Exchange.
Starting from November 13, 2003, shares in Katowickie Zakłady Wyrobów Metalowych (KZWM) were suspended; as of November 17, 2003 they were de-listed. This decision was made following information submitted by the company with regard to its withdrawal from public trading by the Polish Securities and Exchange Commission.
On November 14, 2003, shares in the IMPEL company made their debut on the Exchange. The Impel capital group comprises service companies, which specialize in outsourcing services for companies, financial institutions, healthcare, social services and public administration. This is the largest group of service companies in Poland servicing 2,500 entities across the country. The Impel group employs 22,000 people.
Starting from the trading session of November 17, 2003, the Exchange Management Board has suspended indefinitely trading in futures on Elektrim stock expiring in March and June 2004, along with the introduction of new series of these contracts into trading.
On November 26, 2003, one-year A14 series bonds issued by Bank Przemysłowo-Handlowy PBK SA made their Exchange debut. These are fixed interest bonds with a 4.65% annual interest rate.
On November 26, 2003, there was a meeting of the Exchange Supervisory Board during which shares and allotment certificates of Redan, ATM Grupa and Fabryka Farb i Lakierów Śnieżka were admitted to Exchange trading.
Additionally, the Exchange Supervisory Board introduced modifications to the standard for put and call options on the WIG20 index. The modifications introduced involve an increase in the initial number of option series introduced to trading and a change in the methodology for introducing additional series with new strike prices.
On November 28, 2003, the Management Board determined the trading session schedule for December 31, 2003. On that day, the session will last from 9.00 to 13.20.
In November 2003 the following companies floated shares on the Exchange: Mostostal Płock, Nordea Bank Polska, Budimex, Computerland, Ferrum and Impel.
Changes in WSE indices
On November 7, 2003, the Exchange announced that following the trading session on December 19, 2003, the WIG20 and MIDWIG indices would be subject to quarterly adjustment. As a result of these operations, there will be no change in the WIG20 index portfolio. However, the following companies: Mieszko, Strzelec, Grupa Onet, Jutrzenka and Mostostal Siedlce will be removed from the MIDWIG index. In their stead, BA CA, Polfa Kutno, Getin, Stalexport and Kruszwica will enter the MIDWIG portfolio. Thus, following the December 19, 2003, there will be 40 companies in the MIDWIG index.
On November 18, 2003, the Exchange announced that following the trading session on November 19, 2003, there would be an extraordinary adjustment in the WIG index participant list as IMPEL shares were due to enter the index portfolio.