Warsaw Market & Carbon Watch - Friday 9 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 up on the day (+0.29%), better than the European markets (FTSE -0.27%, STOXX -0.00%, CAC -0.06%, DAX -0.39%, IBEX -0.48%) and the U.S. markets (DOW -0.94%, S&P -1.22%, NASDAQ -1.42%).  Looking at Ukrainian equities in particular across the Warsaw Stock Exchange, they performed slightly below the main Warsaw equities index and in line with the other European and U.S. markets, closing down (-0.67%) for the day with gains in Westa, KSG Agro, Sadovaya Group and Kernel unable to carry the day.  From a market depth standpoint, the highest trading volumes occurred in Westa International Scientific Group (92,480 shares), Sadovaya Group (70,333 shares) and Kernel (66,036 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): 43429.42 (+0.29%)

WSE WIG-Ukraine Index (total return index for Ukrainian listed companies):  674.15 (-0.67%) 

Ovostar Union NV (OVO PW):  95.75 (unch)

Kernel Holding SA (KER PW):  64.35 (+0.78%)

Agroton Public Limited (AGT PW):  11.17 (-3.71%)

Astarta Holding NV (AST PW):  62.60 (-2.72)

Industrial Milk Co (IMC PW):  15.36 (-0.97%)

KSG Agro SA (KSG PW):  11.64 (+1.22%)

Milkiland (MLK PW):  15.75 (-1.56%)

KDM Shipping Plc (KDM PW):  27.10 (unch)

Coal Energy SA (CLE PW): 12.40 (-0.80%)

Sadovaya Group SA (SGR PW):  2.57 (+0.78%)

Westa Intl Scientific Group (WES PW):  1.10 (+2.80%)

Carbon Trading

ICE daily CER price fell for the second day to 0.96 EURO (-7.69%).  The market remains significantly long.  The carbon market seems to be trading around pre-Doha uncertainty and a bearish Eurozone outlook at this point.  Nothing fundamentally has changed, demand currently seems projected to be flat or diminishing while supply steadily increases through year end.