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Friday, October 12, 2012

Warsaw Market Watch - Friday 12 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 saw profit taking from yesterday's gains and closed flat on the day (-0.02%), in contrast to gains following a prior day of losses on the European markets (FTSE +0.92%, STOXX +1.24%, CAC +1.42%, DAX +1.06%, IBEX +0.87%) and mixed results in the U.S. markets (DOW -0.14%, S&P +0.02%, NASDAQ -0.08%).  Looking at Ukrainian equities in particular across the Warsaw Stock Exchange, they over performed the main Warsaw index -- and several international markets -- closing up (+0.57%) for the day, with gains in the energy and agriculture sectors driving the direction.  From a market depth standpoint, the highest trading volumes occurred in Westa International Scientific Group (785,358 shares) and Kernel (133,342 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): 44224.67 (-0.02%)
WSE WIG-Ukraine Index (total return index for Ukrainian listed companies):  712.10 (+0.57%) 

Ovostar Union NV (OVO PW):  99.80 (-0.20%)
Kernel Holding SA (KER PW):  63.65 (+0.87%)
Agroton Public Limited (AGT PW):  12.44 (-1.66%)
Astarta Holding NV (AST PW):  66.00 (+0.69%)
Industrial Milk Co (IMC PW):  15.68 (+1.82%)
KSG Agro SA (KSG PW):  14.18 (+0.57%)
Milkiland (MLK PW):  17.00 (unch)
KDM Shipping Plc (KDM PW):  24.99 (-0.04%)
Coal Energy SA (CLE PW): 16.49 (-0.06%)
Sadovaya Group SA (SGR PW):  4.64 (-0.64%)
Westa Intl Scientific Group (WES PW):  1.05 (+5.00%)

Carbon Trading

ICE daily CER price traded in range and closed up slightly at 1.81 EURO (+1.69%) due to some utilities' hedging activities and also due to the German government's decision to delay issuing more EUAs until October 26.  But there's no real cause for optimism in immediate sight, trading is expected to continue trading in range with option prices, and the over supply problem coupled with regulatory decision paralysis has some experts comparing the U.N. carbon market to a boxer who's been hit too many times in the head.