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Tuesday, October 9, 2012

Warsaw Market Watch - Tuesday 9 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 (-0.33%) with investors taking profits from the previous day's gains, against a backdrop of similar results in the European markets (FTSE -0.50%, STOXX -1.39%, CAC -1.46%, DAX -1.44%, IBEX -0.80%) and in the U.S. markets (DOW -0.19%, S&P -0.35%, NASDAQ -0.76%).  Looking at Ukrainian equities in particular across the Warsaw Stock Exchange, they outperformed in line with the market and closed down (-0.60%) for the day, with gains in certain weighted names in the agriculture sector being outweighed by broader corrections across the board.  From a market depth standpoint, trading was relatively light on the day however the highest trading volumes occurred in Westa International Scientific Group (551,058 shares), Kernel (36,034 shares), and Agroton (31,981 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): 44376.95 (-0.33%)
WSE WIG-Ukraine Index (total return index for Ukrainian listed companies):  735.01 (-0.60%) 

Ovostar Union NV (OVO PW):  100.70 (-0.20%))
Kernel Holding SA (KER PW):  66.50 (+0.15%)
Agroton Public Limited (AGT PW):  12.85 (-2.36%)
Astarta Holding NV (AST PW):  67.75 (-0.73%)
Industrial Milk Co (IMC PW):  15.74 (+0.90%)
KSG Agro SA (KSG PW):  14.17 (-3.61%)
Milkiland (MLK PW):  17.50 (unch)
KDM Shipping Plc (KDM PW):  25.00 (-4.21%)
Coal Energy SA (CLE PW): 17.50 (-2.78%)
Sadovaya Group SA (SGR PW):  4.67 (-2.10%)
Westa Intl Scientific Group (WES PW):  1.00 (-1.96%)

Carbon Trading

ICE daily CER price continued its range trading and nervously kicked off this week with improvement to 1.99 EURO (+5.29%), with low volume and narrowing spreads.  The U.N. offset market is long at this point and economic challenges to growth in the Eurozone -- as well as regulatory steps to maintain the integrity of the Kyoto Protocol carbon credits market -- must be resolved before optimism can be found.