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Monday, October 15, 2012

Warsaw Market & Carbon Watch - Monday 15 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 slightly down on the day (-0.53%), in line with similar results on the European markets (FTSE -0.62%, STOXX -0.72%, CAC -0.72%, DAX -0.68%, IBEX -1.06%) and the U.S. markets (DOW +0.02%, S&P -0.03%, NASDAQ -0.17%).  Looking at Ukrainian equities in particular across the Warsaw Stock Exchange, they over performed the main Warsaw index -- and several international markets -- closing up (+0.02%) for the day, with gains in the metals/mining, agriculture and shipping sectors driving the direction.  From a market depth standpoint, the highest trading volumes occurred in Westa International Scientific Group (677,436 shares) and Coal Energy (79,415 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): 43988.28 (-0.53%)
WSE WIG-Ukraine Index (total return index for Ukrainian listed companies):  712.22 (+0.02%) 

Ovostar Union NV (OVO PW):  98.00 (-1.80%)
Kernel Holding SA (KER PW):  64.50 (+1.34%)
Agroton Public Limited (AGT PW):  12.00 (-3.54%)
Astarta Holding NV (AST PW):  65.00 (-1.52%)
Industrial Milk Co (IMC PW):  15.69 (+0.06%)
KSG Agro SA (KSG PW):  14.19 (+0.07%)
Milkiland (MLK PW):  16.75 (-1.47%)
KDM Shipping Plc (KDM PW):  26.10 (+4.44%)
Coal Energy SA (CLE PW): 16.85 (+2.18%)
Sadovaya Group SA (SGR PW):  4.65 (+0.22%)
Westa Intl Scientific Group (WES PW):  1.02 (-2.86%)

Carbon Trading

ICE daily CER price dropped significantly on news of 17.6 million new ERUs printed and sold in Ukraine, closing down at 1.70 EURO (-6.08%).  With no new demand and constant new ERU and CER supply hitting the market, one can expect more downward price pressure on U.N. carbon credits and also for spreads to widen between ERUs and CERs during coming weeks.