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Equities Thirteen companies debuted on the Warsaw Exchange in 2000. There were no major privatisations. The only company offered by the State Treasury was Wrocław-based Kogeneracja, which debuted on the Exchange on May 26, 2000. Five stocks moved to the WSE from CeTO, the regulated off-Exchange market. Netia Holding SA, the largest company with a completely private pedigree listed on the WSE, was among the new comers. Its market value at the end of 2000 reached nearly 2.4 billion zloty. Nine companies were removed from trading as a result of merger or acquisition (e.g. the merger of meat processors Farm Food and Jarosław with Sokołów, the merger of the 11th and 3rd NIFs, or that of Unibud and Mostostal Kraków with Budimex), reversal of the decision to admit stock into public trading (Brok, Polifarb Dębica, Zasada), or bankruptcy (Polisa). In 2000, four companies changed the market on which they are traded. Two (Comarch and Mitex) moved from the parallel market to the main market, Sterprojekt jumped from the free to the main market, while Pazur moved to the parallel market. The year 2000 saw marked interest in companies in the modern technologies sector. In April, the WSE set them apart in a new group, the Segment for Innovative Technologies, known by the abbreviation SiTech. At the end of 2000, seventeen companies were included in the SiTech. A new index, the TechWIG, was created to cover all of the companies in the new segment. Each new company classified in this group is automatically included in the TechWIG and assigned to continuous trading. Enthusiasm for Internet technology spawned a new phenomenon on the Polish market. Some companies operating in less profitable areas moved into the media or Internet sectors. An example of this is Radom-based Ariel, earlier in the shoe making industry, which, under the name of Internet Group, has moved into the media and Internet sector. Another company, car-dealer AS Motors, took over an IT company, 7bulls.com, assuming its name and business profile. In 2000, as many as ten companies changed names without changing their business profiles.  |
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1991 Inaugural Exchange session - five stocks are traded 1992 Servicing of first dividend payout (Irena). 1993 First stock split (Mostostal-Export). First subscription rights allotted (BRE). 1994 First subscription rights to listed stocks traded (Efekt). WIG20 price index introduced. 1995 WIRR (parallel market index) launched. 1996 National Investment Fund participation certificates begin trading. Continuous trading of first five stocks (BIG, BPH, Dębica, Elektrim, Rolimpex) launched. 1997 NIF shares debut, along with NIF index. First listing on free market. 100th company listed on Exchange (Bauma). First mergers of listed companies (BIG and Bank Gdański and Polifarb Cieszyn and Polifarb Wrocław) and consequently, first shares withdrawn from trading (Bank Gdański and Polifarb Wrocław). First public bid for shares listed on WSE (Indykpol). First allotment certificates traded (for shares in BRE). MIDWIG (medium-size company index) launched. Largest company in 10 years debuts on WSE (Telekomunikacja Polska). First public company de-listed by strategic investor (Wedel). Last quotation of NIF certificates. 1999 200th company listed on WSE (Skotan). Sector sub-indices introduced. 2000 WIG reaches all-time high: 22,868.4 points (March 27). Largest daily equity turnover (1,110.8 million zloty). Segment for Innovative Technologies (SiTech) created, and its index (TechWIG) launched. Last session held in Banking and Financial Centre (Centrum Bankowo-Finansowe). New trading system, (Warset) inaugurated. |
