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Friday, October 5, 2012

Warsaw Market Watch - Friday 5 October

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 performed slightly down on the day (-0.31%), generally in line with results in the European markets (FTSE +0.03%, STOXX -0.27%, CAC -0.14%, DAX -0.23%, IBEX -0.18%) and in contrast to positive gains in the U.S. markets (DOW +0.60%, S&P +0.72%, NASDAQ +0.45%).  Looking at Ukrainian equities in particular across the Warsaw Stock Exchange, they outperformed the market and closed up (+0.71%) for the day, with gains in certain weighted names in the agriculture and metals/mining sectors driving the outcome.  From a market depth standpoint, the highest trading volumes occurred in Westa International Scientific Group (427,732 shares), Kernel (36,636 shares), Agroton (30,718 shares) and Astarta (26,231 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): 43840.23 (-0.58%)
WSE WIG-Ukraine Index (total return index for Ukrainian listed companies):  731.78 (+0.71%) 

Ovostar Union NV (OVO PW):  10).90 (-0.30%)
Kernel Holding SA (KER PW):  66.00 (+0.76%)
Agroton Public Limited (AGT PW):  12.35 (+8.43%)
Astarta Holding NV (AST PW):  67.75 (-0.37%)
Industrial Milk Co (IMC PW):  15.60 (+1.30%)
KSG Agro SA (KSG PW):  14.00 (-1.41%)
Milkiland (MLK PW):  17.10 (-1.72%)
KDM Shipping Plc (KDM PW):  26.10 (unch)
Coal Energy SA (CLE PW): 17.83 (+3.36%)
Sadovaya Group SA (SGR PW):  4.56 (+3.87%)
Westa Intl Scientific Group (WES PW):  1.12 (-0.88%)

Carbon Trading

ICE daily CER price for carbon climbed slightly on the day, closing at 1.85 EURO (+1.65%), on the back of firm oil prices and news that EU that member states declared they would make carbon credit supply reduction decisions in February 2013 to protect the market from collapse.  Although news of any such decision is a positive development, this decision seems to be getting kicked down the road every time the EU comes near to a deadline.  So carbon prices are likely to remain at low levels for indefinite future until such time that countries agree to support robust market mechanisms and address oversupply.