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Thursday, November 8, 2012

Warsaw Market & Carbon Watch - Thursday 8 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 down on the day (-0.68%), in line with red screens in the European markets (FTSE -1.58%, STOXX -2.24%, CAC -1.99%, DAX -1.96%, IBEX -2.26%) and the U.S. markets (DOW -2.36%, S&P -2.37%, NASDAQ -2.48%).  Looking at Ukrainian equities in particular across the Warsaw Stock Exchange, they performed slightly above the main Warsaw equities index, closing down (-0.36%) for the day with gains in Kernel and Astarta unable to offset losses across the rest of the Ukrainian names.  From a market depth standpoint, the highest trading volumes occurred in Westa International Scientific Group (342,015 shares), Sadovaya Group (196,135 shares) and Kernel (75,501 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): 43304.29 (-0.68%)
WSE WIG-Ukraine Index (total return index for Ukrainian listed companies):  678.67 (-0.36%) 

Ovostar Union NV (OVO PW):  95.75 (-0.26)
Kernel Holding SA (KER PW):  63.85 (+1.35%)
Agroton Public Limited (AGT PW):  11.60 (-5.84%)
Astarta Holding NV (AST PW):  64.35 (+0.55)
Industrial Milk Co (IMC PW):  15.51 (-3.36%)
KSG Agro SA (KSG PW):  11.50 (-1.88%)
Milkiland (MLK PW):  16.00 (-2.91%)
KDM Shipping Plc (KDM PW):  27.10 (-0.73%)
Coal Energy SA (CLE PW): 12.50 (-3.85%)
Sadovaya Group SA (SGR PW):  2.55 (-5.20%)
Westa Intl Scientific Group (WES PW):  1.07 (-6.14%)

Carbon Trading

ICE daily CER price experienced a correction and fell to 1.04 EURO (-7.96%).  The market remains significantly long.  The carbon market seems to be trading around pre-Doha uncertainty at this point.  Mario Draghi made bearish macroeconomic statements about the Eurozone's future outlook which didn't add confidence.