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Friday, November 23, 2012

Warsaw Market & Carbon Watch - Friday 23 November

Greetings from Kiev!  Here is this morning’s Ukrainian stock performance summary, from the Warsaw Stock Exchange, based on the prior trading day's closing bell.  As a whole, the Warsaw Stock Exchange closed down again for the day (-0.22%), below the main European markets (FTSE +0.68%, STOXX +0.61%, CAC +0.60%, DAX +0.84%, IBEX +0.90%); the U.S. markets were closed for Thanksgiving.  Looking at Ukrainian equities in particular across the Warsaw Stock Exchange, their index outperformed the main Warsaw equities index, closing up (+0.54%) for the day with gains in Sadovaya KSG Agro and Astarta carrying the day.  From a market depth standpoint, the highest trading volumes occurred in Sadovaya Group (2,868,589 shares), Westa International Scientific Group (160,316 shares) and Kernel (102,673 shares).

For specific results kindly see the table below, prices denoted in Polish currency (Zlotys).  Cheers – Jon

WSE WIG Index (total return index for Warsaw Stock Exchange listed companies): 44121.53 (-0.22%)
WSE WIG-Ukraine Index (total return index for Ukrainian listed companies):  634.52 (+0.54%) 

Ovostar Union NV (OVO PW):  78.00 (unch)
Kernel Holding SA (KER PW):  63.95 (unch)
Agroton Public Limited (AGT PW):  10.09 (-0.89%)
Astarta Holding NV (AST PW):  57.75 (+1.49%)
Industrial Milk Co (IMC PW):  14.40 (unch)
KSG Agro SA (KSG PW):  9.65 (+7.22%)
Milkiland (MLK PW):  15.50 (-0.32%)
KDM Shipping Plc (KDM PW):  26.31 (-2.45%)
Coal Energy SA (CLE PW): 10.80 (-1.82%)
Sadovaya Group SA (SGR PW):  1.90 (+27.52%)
Westa Intl Scientific Group (WES PW):  1.00 (-0.99%)

Carbon Trading

The ICE daily CER fell again yesterday, closing at 0.82 EURO (-1.20%).  With constant new ERU and CER supply hitting everyday, the market remains significantly long.  We are now 1 trading day from the Kyoto Protocol conference in Doha (Homer Simpson would say "D'oh!-a").  However any effective steps to constrain lopsided supply could take several more months or in worst case years to materialize.

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