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Tuesday, April 9, 2013

Warsaw Market & Carbon Watch - Tuesday 8 April

Happy Tuesday from Kiev!  Here is the Ukrainian stock performance summary on the Warsaw Stock Exchange (WSE), based on the prior trading day's closing bell.  The WSE closed slightly down (-0.02%), compared to mostly bullish European markets (FTSE +0.43%, STOXX +0.15%, CAC +0.09%, DAX +0.05%, IBEX -0.14%) and U.S. markets (DOW +0.33%, S&P +0.63%, NASDAQ +0.57%).  Looking at Ukrainian listed equities on the Warsaw Stock Exchange, their index tracked the main Warsaw equities index, closing down (-0.86%) with gains in Coal Energy, Ovostar and KSG Agro unable to carry the day.  From a market depth standpoint, the highest trading volumes occurred in Kernel (168,888 shares) and Sadovaya (110,030 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): 44590.97 (-0.02%)
WSE WIG-Ukraine Index (total return index for Ukrainian listed companies):  615.44 (-0.86%) 

Ovostar Union NV (OVO PW):  95.00 (+1.60%)
Kernel Holding SA (KER PW):  58.85 (-0.68%)
Agroton Public Limited (AGT PW):  8.35 (-0.36%)
Astarta Holding NV (AST PW):  62.00 (-2.82%)
Industrial Milk Co (IMC PW):  14.00 (unch%)
KSG Agro SA (KSG PW):  12.98 (+1.49%)
Milkiland (MLK PW):  13.88 (unch%)
KDM Shipping Plc (KDM PW):  35.79 (-0.72%)
Coal Energy SA (CLE PW): 5.81 (+3.94%)
Sadovaya Group SA (SGR PW):  1.43 (-5.30%)
Westa Intl Scientific Group (WES PW):  0.64 (unch%)

Carbon Trading

The ICE daily CER continued to trade as a political option with notional pricing, adding 2 Eurocents from previous day.  It finished the day at 0.10 EURO (+25.00%).  ERUs are trading around 45% of this price.

Thursday, March 28, 2013

Warsaw Market & Comment Watch - Thursday 28 March

Happy Thursday from Kiev!  Here is the Ukrainian stock performance summary on the Warsaw Stock Exchange (WSE), based on the prior trading day's closing bell.  The WSE closed up (+1.17%), compared to bearish European markets (FTSE -0.18%, STOXX -1.09%, CAC -0.99%, DAX -1.15%, IBEX -1.13%) and mixed U.S. markets (DOW -0.23%, S&P -0.06%, NASDAQ +0.12%).  Looking at Ukrainian listed equities on the Warsaw Stock Exchange, their index tracked the main Warsaw equities index, closing up (+1.72%) with gains in KSG Agro, Sadovaya, Kernel, Coal Energy, IMC, Astarta and KDM Shipping driving the movement.  From a market depth standpoint, the highest trading volumes occurred in Kernel (81,180 shares), Westa (79,191 shares), Agroton (52,937 shares), Sadovaya (52,712 shares) and Astarta (44,752 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): 45247.90 (+1.17%)
WSE WIG-Ukraine Index (total return index for Ukrainian listed companies):  614.79 (+1.72%) 

Ovostar Union NV (OVO PW):  95.05 (-2.01%)
Kernel Holding SA (KER PW):  58.20 (+3.01%)
Agroton Public Limited (AGT PW):  8.49 (-1.74%)
Astarta Holding NV (AST PW):  60.50 (+0.83%)
Industrial Milk Co (IMC PW):  15.00 (+2.04%)
KSG Agro SA (KSG PW):  13.17 (+7.95%)
Milkiland (MLK PW):  14.00 (unch%)
KDM Shipping Plc (KDM PW):  35.68 (+0.79%)
Coal Energy SA (CLE PW): 6.33 (+2.10%)
Sadovaya Group SA (SGR PW):  1.59 (+4.61%)
Westa Intl Scientific Group (WES PW):  0.68 (-2.86%)

Carbon Trading

The ICE daily CER continued to trade as a political option with notional pricing, losing 5 Eurocents after losing another 1 Eurocent the previous day.  It finished the day at 0.09 EURO (-35.71%).  ERUs are trading around 50% of this price.

Wednesday, March 27, 2013

Warsaw Market & Carbon Watch - Wednesday 27 March

Happy Wednesday from Kiev!  Here is the Ukrainian stock performance summary on the Warsaw Stock Exchange (WSE), based on the prior trading day's closing bell.  The WSE closed up (+0.31%), compared to mixed European markets (FTSE +0.33%, STOXX -0.31%, CAC +0.55%, DAX +0.11%, IBEX -1.84%) and bullish U.S. markets (DOW +0.77%, S&P +0.78%, NASDAQ +0.53%).  Looking at Ukrainian listed equities on the Warsaw Stock Exchange, their index under performed the main Warsaw equities index, closing down (-1.04%) with gains in Astarta, Ovostar and KSG Agro unable to carry the day.  From a market depth standpoint, the highest trading volumes occurred in Sadovaya (154,901 shares), Westa (109,024 shares) and Kernel (75,746 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): 44724.88 (+0.31%)
WSE WIG-Ukraine Index (total return index for Ukrainian listed companies):  604.42 (-1.04%) 

Ovostar Union NV (OVO PW):  97.00 (+1.84%)
Kernel Holding SA (KER PW):  56.50 (-1.91%)
Agroton Public Limited (AGT PW):  8.64 (-7.40%)
Astarta Holding NV (AST PW):  60.00 (+3.36%)
Industrial Milk Co (IMC PW):  14.70 (-2.00%)
KSG Agro SA (KSG PW):  12.20 (+1.24%)
Milkiland (MLK PW):  14.00 (-0.99%)
KDM Shipping Plc (KDM PW):  35.40 (-0.81%)
Coal Energy SA (CLE PW): 6.20 (-18.95%)
Sadovaya Group SA (SGR PW):  1.52 (-10.59%)
Westa Intl Scientific Group (WES PW):  0.70 (-1.41%)

Carbon Trading

The ICE daily CER continued to trade as a political option with notional pricing, losing 2 Eurocents after being up 1 Eurocent the previous day.  It finished the day at 0.14 EURO (-12.50%).  ERUs are trading around 40% of this price.

Tuesday, March 26, 2013

Warsaw Market & Carbon Watch - Tuesday 26 March

Happy Tuesday from Kiev!  Here is the Ukrainian stock performance summary on the Warsaw Stock Exchange (WSE), based on the prior trading day's closing bell.  The WSE closed down (-1.07%), in line with mostly bearish European markets due to Cyprus news (FTSE -0.22%, STOXX -1.21%, CAC -1.12%, DAX -0.51%, IBEX -2.27%) and U.S. markets (DOW -0.44%, S&P -0.33%, NASDAQ -0.30%).  Looking at Ukrainian listed equities on the Warsaw Stock Exchange, their index outperformed the main Warsaw equities index, closing up (+1.35%) with gains in Westa, Kernel, Astarta, KSG Agro and KDM Shipping driving the movement.  From a market depth standpoint, the highest trading volumes occurred in Kernel (162,930 shares), Westa (108,154 shares) and Sadovaya (54,988 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): 44585.10 (-1.07%)
WSE WIG-Ukraine Index (total return index for Ukrainian listed companies):  610.77 (+1.35%) 

Ovostar Union NV (OVO PW):  95.25 (-1.80%)
Kernel Holding SA (KER PW):  57.60 (+3.78%)
Agroton Public Limited (AGT PW):  9.33 (-7.62%)
Astarta Holding NV (AST PW):  58.05 (+1.84%)
Industrial Milk Co (IMC PW):  15.00 (unch%)
KSG Agro SA (KSG PW):  12.05 (+0.50%)
Milkiland (MLK PW):  14.14 (-1.81%)
KDM Shipping Plc (KDM PW):  35.69 (+0.28%)
Coal Energy SA (CLE PW): 7.65 (-1.92%)
Sadovaya Group SA (SGR PW):  1.70 (-4.49%)
Westa Intl Scientific Group (WES PW):  0.71 (+4.41%)

Carbon Trading

The ICE daily CER continued to trade as a political option with notional pricing, gaining back 1 Eurocent after losing it the previous day.  It finished the day at 0.16 EURO (+6.67%).  ERUs are trading around 35% of this price.

Monday, March 25, 2013

Warsaw Market & Carbon Watch - Monday 25 March

Happy Monday from snowy Kiev!  Here is the Ukrainian stock performance summary on the Warsaw Stock Exchange (WSE), based on the prior trading day's closing bell.  The WSE closed down (-1.13%), in line with mostly bearish European markets (FTSE +0.07%, STOXX -0.08 %, CAC -0.12%, DAX -0.27%, IBEX -0.26%) and compared to bullish U.S. markets (DOW +0.63%, S&P +0.72%, NASDAQ +0.70%).  Looking at Ukrainian equities in particular across the Warsaw Stock Exchange, their index tracked the main Warsaw equities index, closing slightly down (-0.13%) with gains in KSG Agro, Kernel, Westa and KDM Shipping unable to carry the day.  From a market depth standpoint, the highest trading volumes occurred in Sadovaya (107,360 shares), Kernel (71,615 shares) and Westa (66,121 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): 45066.18 (-1.13%)
WSE WIG-Ukraine Index (total return index for Ukrainian listed companies):  602.64 (-0.13%) 

Ovostar Union NV (OVO PW):  97.00 (unch%)
Kernel Holding SA (KER PW):  55.50 (+1.83%)
Agroton Public Limited (AGT PW):  10.10 (-1.94%)
Astarta Holding NV (AST PW):  57.00 (-1.72%)
Industrial Milk Co (IMC PW):  15.00 (-3.23%)
KSG Agro SA (KSG PW):  11.99 (+2.48%)
Milkiland (MLK PW):  14.40 (unch%)
KDM Shipping Plc (KDM PW):  35.59 (+1.11%)
Coal Energy SA (CLE PW): 7.80 (-2.99%)
Sadovaya Group SA (SGR PW):  1.78 (-1.11%)
Westa Intl Scientific Group (WES PW):  0.68 (+1.49%)

Carbon Trading

The ICE daily CER continued to trade as a political option with notional pricing, losing 1 Eurocent due to mixed EUA auction demand.  It finished the day at 0.15 EURO (-6.25%).  ERUs are trading around 35% of this price.

Thursday, March 21, 2013

Warsaw Market & Carbon Watch - Thursday 21 March

Happy Thursday from Kiev!  Here is the Ukrainian stock performance summary on the Warsaw Stock Exchange (WSE), based on the prior trading day's closing bell.  The WSE closed up (+0.08%), in line with mostly bullish European markets (FTSE -0.13%, STOXX +1.38 %, CAC +1.43%, DAX +0.68%, IBEX +1.15%) and U.S. markets (DOW +0.39%, S&P +0.67%, NASDAQ +0.78%).  Looking at Ukrainian equities in particular across the Warsaw Stock Exchange, their index underperformed the main Warsaw equities index, closing down (-1.24%) with gains in KDM Shipping, IMC, Sadovaya and Agroton unable to carry the day.  From a market depth standpoint, the highest trading volumes occurred in Kernel (141,750 shares) and Westa (76,863 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): 46068.24 (+0.08%)
WSE WIG-Ukraine Index (total return index for Ukrainian listed companies):  617.32 (-1.24%) 

Ovostar Union NV (OVO PW):  97.10 (-2.71%)
Kernel Holding SA (KER PW):  57.35 (-1.12%)
Agroton Public Limited (AGT PW):  10.45 (+0.19%)
Astarta Holding NV (AST PW):  57.90 (-2.53%)
Industrial Milk Co (IMC PW):  15.80 (+5.33%)
KSG Agro SA (KSG PW):  11.85 (-3.27%)
Milkiland (MLK PW):  14.60 (-2.67%)
KDM Shipping Plc (KDM PW):  35.20 (+6.76%)
Coal Energy SA (CLE PW): 7.99 (-3.39%)
Sadovaya Group SA (SGR PW):  1.91 (+0.53%)
Westa Intl Scientific Group (WES PW):  0.70 (-2.78%)

Carbon Trading

The ICE daily CER continued to trade as a political option with notional pricing, gaining 4 Eurocents after previously losing 5 Eurocents due to varied EUA auction demand data.  It finished the day at 0.16 EURO (+33.33%).  ERUs are trading around 35% of this price.

Friday, March 15, 2013

Warsaw Market & Carbon Watch - Friday 15 March

Happy "Ides of March" from Kiev!  Here is the Ukrainian stock performance summary on the Warsaw Stock Exchange (WSE), based on the prior trading day's closing bell.  The WSE closed up (+0.72%), in line with bullish European markets (FTSE +0.74%, STOXX +1.48%, CAC +0.93%, DAX +1.10%, IBEX +1.88%) and U.S. markets (DOW +0.58%, S&P +0.56%, NASDAQ +0.43%).  Looking at Ukrainian equities in particular across the Warsaw Stock Exchange, their index tracked the main Warsaw equities index, closing up (+0.45%) with gains in Agroton, KSG Agro, Coal Energy and IMC driving the movement.  From a market depth standpoint, the highest trading volumes occurred in Agroton (352,058 shares), Westa (198,893 shares), Kernel (140,189 shares) and Sadovaya (74,944 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): 47223.68 (+0.72%)
WSE WIG-Ukraine Index (total return index for Ukrainian listed companies):  652.77 (+0.45%) 

Ovostar Union NV (OVO PW):  100.00 (-0.99%)
Kernel Holding SA (KER PW):  61.80 (-0.32%)
Agroton Public Limited (AGT PW):  11.19 (+19.68%)
Astarta Holding NV (AST PW):  59.50 (-0.32%)
Industrial Milk Co (IMC PW):  15.80 (+0.64%)
KSG Agro SA (KSG PW):  12.64 (+4.72%)
Milkiland (MLK PW):  15.19 (unch%)
KDM Shipping Plc (KDM PW):  32.50 (unch%)
Coal Energy SA (CLE PW): 10.08 (+0.80%)
Sadovaya Group SA (SGR PW):  2.00 (unch%)
Westa Intl Scientific Group (WES PW):  0.75 (-2.60%)

Carbon Trading

The ICE daily CER continued to trade as a political option with notional pricing, gaining 1 Eurocent after previously losing 5 Eurocents upon news that Ukraine issued 31.5 million carbon credits last week.  It finished the day at 0.17 EURO (+6.25%).  The rest of the market remains beneath this price and ERUs are trading around 33% of this price.

Thursday, March 14, 2013

Warsaw Market & Carbon Watch - Thursday 14 March

Happy Thursday from Kiev!  Here is the Ukrainian stock performance summary on the Warsaw Stock Exchange (WSE), based on the prior trading day's closing bell.  The WSE closed down (-0.26%), in line with mostly bearish European markets (FTSE -0.45%, STOXX -0.26%, CAC -0.10%, DAX +0.06%, IBEX -0.40%) and compared to bullish U.S. markets (DOW +0.04%, S&P +0.13%, NASDAQ +0.09%).  Looking at Ukrainian equities in particular across the Warsaw Stock Exchange, their index tracked the main Warsaw equities index, closing down (-1.10%) with gains in Sadovaya, Westa and KSG Agro unable to carry the day.  From a market depth standpoint, the highest trading volumes occurred in Westa (339,052 shares), Kernel (51,683 shares) and Sadovaya (53,062 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): 46888.37 (-0.26%)
WSE WIG-Ukraine Index (total return index for Ukrainian listed companies):  649.87 (-1.10%) 

Ovostar Union NV (OVO PW):  101.00 (-0.98%)
Kernel Holding SA (KER PW):  62.00 (-0.56%)
Agroton Public Limited (AGT PW):  9.35 (-0.95%)
Astarta Holding NV (AST PW):  59.90 (-2.60%)
Industrial Milk Co (IMC PW):  15.70 (-0.63%)
KSG Agro SA (KSG PW):  12.07 (+1.17%)
Milkiland (MLK PW):  15.19 (-0.39%)
KDM Shipping Plc (KDM PW):  32.50 (unch%)
Coal Energy SA (CLE PW): 10.00 (-1.19%)
Sadovaya Group SA (SGR PW):  2.00 (+2.04%)
Westa Intl Scientific Group (WES PW):  0.77 (+1.32%)

Carbon Trading

The ICE daily CER continued to trade as a political option with notional pricing, losing another 2 Eurocents after news that Ukraine issued another 31.5 million new carbon credits last week.  It finished the day at 0.16 EURO (-11.11%).  The rest of the market remains beneath this price and ERUs are trading around 33% of this price.

Wednesday, March 13, 2013

Warsaw Market & Carbon Watch - Wednesday 13 March

Happy Wednesday from Kiev!  Here is the Ukrainian stock performance summary on the Warsaw Stock Exchange (WSE), based on the prior trading day's closing bell.  The WSE closed up (+0.16%), compared to mixed European markets (FTSE +0.11%, STOXX -0.25%, CAC +0.10%, DAX -0.23%, IBEX -0.26%) and U.S. markets (DOW +0.02%, S&P -0.24%, NASDAQ -0.32%).  Looking at Ukrainian equities in particular across the Warsaw Stock Exchange, their index tracked the main Warsaw equities index, closing up (+0.09%) with gains in Ovostar, IMC, Agroton and Kernel driving the movement.  From a market depth standpoint, the highest trading volumes occurred in Westa (221,117 shares), Kernel (165,747 shares) and Sadovaya (130,642 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): 47010.40 (+0.16%)
WSE WIG-Ukraine Index (total return index for Ukrainian listed companies):  657.11 (+0.09%) 

Ovostar Union NV (OVO PW):  102.00 (+2.00%)
Kernel Holding SA (KER PW):  62.35 (+1.38%)
Agroton Public Limited (AGT PW):  9.44 (+1.40%)
Astarta Holding NV (AST PW):  61.50 (-2.23%)
Industrial Milk Co (IMC PW):  15.80 (+1.54%)
KSG Agro SA (KSG PW):  11.93 (-0.58%)
Milkiland (MLK PW):  15.25 (unch%)
KDM Shipping Plc (KDM PW):  32.50 (unch%)
Coal Energy SA (CLE PW): 10.12 (-0.69%)
Sadovaya Group SA (SGR PW):  1.96 (-2.49%)
Westa Intl Scientific Group (WES PW):  0.76 (unch%)

Carbon Trading

The ICE daily CER continued to trade as a political option with notional pricing, losing another 1 Eurocent after news that Ukraine issued another 31.5 million new carbon credits last week.  It finished the day at 0.18 EURO (-5.26%).  The rest of the market remains beneath this price and ERUs are trading around 30% of this price.  Too many ERUs and CERs already flood the market and more are printed every month.

Tuesday, March 12, 2013

Warsaw Market & Carbon Watch - Tuesday 12 March

Happy Tuesday from Kiev!  Here is the Ukrainian stock performance summary on the Warsaw Stock Exchange (WSE), based on the prior trading day's closing bell.  The WSE saw profit taking after a prior day of gains, closing slightly down (-0.30%), generally in line with European markets (FTSE +0.31%, STOXX -0.37%, CAC -0.10%, DAX -0.03%, IBEX -0.85%) and below U.S. markets (DOW +0.35%, S&P +0.32%, NASDAQ +0.26%).  Looking at Ukrainian equities in particular across the Warsaw Stock Exchange, their index outperformed the main Warsaw equities index, closing up (+1.60%) with gains in Kernel, KSG Agro, Ovostar, Astarta and Milkiland driving the movement.  From a market depth standpoint, the highest trading volumes occurred in Westa (230,205 shares), Kernel (58,215 shares) and Sadovaya (48,416 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): 46933.03 (-0.30%)
WSE WIG-Ukraine Index (total return index for Ukrainian listed companies):  656.52 (+1.60%) 

Ovostar Union NV (OVO PW):  100.00 (+2.56%)
Kernel Holding SA (KER PW):  61.50 (+3.10%)
Agroton Public Limited (AGT PW):  9.31 (-2.92%)
Astarta Holding NV (AST PW):  62.90 (+1.94%)
Industrial Milk Co (IMC PW):  15.56 (-2.75%)
KSG Agro SA (KSG PW):  12.00 (+3.00%)
Milkiland (MLK PW):  15.25 (+0.40%)
KDM Shipping Plc (KDM PW):  32.50 (unch%)
Coal Energy SA (CLE PW): 10.19 (-0.10%)
Sadovaya Group SA (SGR PW):  2.01 (-1.47%)
Westa Intl Scientific Group (WES PW):  0.76 (-7.32%)

Carbon Trading

The ICE daily CER continued to trade as a political option with notional pricing, losing 2 Eurocents on news that Ukraine issued another 31.5 million new carbon credits last week.  It finished the day at 0.19 EURO (-9.52%).  The rest of the market remains beneath this price and ERUs are trading around 30% of this price.  Too many ERUs and CERs already flood the market and more are printed every month.

Friday, March 8, 2013

Warsaw Market & Carbon Watch - Friday 8 March

Happy International Women's Day from Kiev!  Here is the Ukrainian stock performance summary on the Warsaw Stock Exchange (WSE), based on the prior trading day's closing bell.  The WSE saw profit taking after two prior days of gains, closing flat (-0.04%), compared to green European markets (FTSE +0.18%, STOXX +0.41%, CAC +0.53%, DAX +0.26%, IBEX +0.36%) and U.S. markets (DOW +0.23%, S&P +0.18%, NASDAQ +0.30%).  Looking at Ukrainian equities in particular across the Warsaw Stock Exchange, their index tracked the main Warsaw equities index, closing slightly down (-0.04%) with gains in KSG Agro, Ovostar, Westa, Kernel and KDM Shipping unable to carry the day.  From a market depth standpoint, the highest trading volumes occurred in Westa (236,676 shares), Kernel (157,002 shares), Sadovaya (105,252 shares) and KSG Agro (76,423 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): 46745.26 (-0.04%)
WSE WIG-Ukraine Index (total return index for Ukrainian listed companies):  649.59 (-0.04%) 

Ovostar Union NV (OVO PW):  97.50 (+2.52%)
Kernel Holding SA (KER PW):  60.75 (+0.41%)
Agroton Public Limited (AGT PW):  9.58 (-0.42%)
Astarta Holding NV (AST PW):  62.50 (-1.42%)
Industrial Milk Co (IMC PW):  15.84 (-0.38%)
KSG Agro SA (KSG PW):  11.26 (+8.48%)
Milkiland (MLK PW):  14.75 (-0.27%)
KDM Shipping Plc (KDM PW):  32.50 (+0.03%)
Coal Energy SA (CLE PW): 9.99 (-1.38%)
Sadovaya Group SA (SGR PW):  2.00 (-4.76%)
Westa Intl Scientific Group (WES PW):  0.82 (+1.23%)

Carbon Trading

The ICE daily CER continued to trade as a political option with notional pricing, with no price movement (having lost 10 Eurocents over the five previous days).  It finished the day at 0.21 EURO (unch%).  The rest of the market remains beneath this price and ERUs are trading around 30% of this price.  Too many ERUs and CERs already flood the market and more are printed every month.

Thursday, March 7, 2013

Warsaw Market & Carbon Watch - Thursday 7 March

Greetings from Kiev!  Here is the Ukrainian stock performance summary on the Warsaw Stock Exchange (WSE), based on the prior trading day's closing bell.  The WSE continued its winning streak for the second day, closing in the green (+0.19%), compared to mixed/bearish European markets (FTSE -0.07%, STOXX -0.12%, CAC -0.35%, DAX +0.62%, IBEX -0.76%) and U.S. markets (DOW +0.30%, S&P +0.11%, NASDAQ -0.05%).  Looking at Ukrainian equities in particular across the Warsaw Stock Exchange, their index tracked the main Warsaw equities index, closing slightly up (+0.41%) with gains in Sadovaya, KSG Agro, Agroton, Milkiland, Astarta, Kernel and Coal Energy driving the movement.  From a market depth standpoint, the highest trading volumes occurred in Westa (472,154 shares), Sadovaya (311,290 shares), Kernel (180,054 shares) and KSG Agro (57,835 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): 46762.65 (+0.19%)
WSE WIG-Ukraine Index (total return index for Ukrainian listed companies):  649.88 (+0.41%) 

Ovostar Union NV (OVO PW):  95.10 (-2.46%)
Kernel Holding SA (KER PW):  60.50 (+0.33%)
Agroton Public Limited (AGT PW):  9.62 (+2.01%)
Astarta Holding NV (AST PW):  63.40 (+0.96%)
Industrial Milk Co (IMC PW):  15.90 (-1.79%)
KSG Agro SA (KSG PW):  10.38 (+3.90%)
Milkiland (MLK PW):  14.79 (+2.00%)
KDM Shipping Plc (KDM PW):  32.49 (-0.03%)
Coal Energy SA (CLE PW): 10.13 (+0.10%)
Sadovaya Group SA (SGR PW):  2.10 (+5.53%)
Westa Intl Scientific Group (WES PW):  0.81 (-1.22%)

Carbon Trading

The ICE daily CER continued to trade as a political option with notional pricing, adding 3 Eurocents (after losing 13 Eurocents over the four previous days).  It finished the day at 0.21 EURO (+16.67%).  The rest of the market remains beneath this price and ERUs are trading around 30% of this price.  Only a political decision to address massive oversupply can turn things around and it looks like such a decision is becoming a long-shot in the EU ETS.  In the meantime, too many ERUs and CERs already flood the market and more are printed every month.

Wednesday, March 6, 2013

Warsaw Market & Carbon Watch - Wednesday 6 March

Greetings from Kiev!  Here is the Ukrainian stock performance summary on the Warsaw Stock Exchange (WSE), based on the prior trading day's closing bell.  The WSE closed in the green (+1.17%), in line with European markets (FTSE +1.36%, STOXX +2.41%, CAC +2.09%, DAX +2.32%, IBEX +2.15%) and U.S. markets (DOW +0.89%, S&P +0.96%, NASDAQ +1.32%).  Looking at Ukrainian equities in particular across the Warsaw Stock Exchange, their index underperformed the main Warsaw equities index, closing slightly down (-0.15%) with gains in Sadovaya, KSG Agro, KDM Shipping, Coal Energy, Ovostar and Milkiland unable to carry the day.  From a market depth standpoint, the highest trading volumes occurred in Westa (769,508 shares), Kernel (345,615 shares) and Sadovaya (323,612 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): 46676.09 (+1.17%)
WSE WIG-Ukraine Index (total return index for Ukrainian listed companies):  647.20 (-0.15%) 

Ovostar Union NV (OVO PW):  97.50 (+0.62%)
Kernel Holding SA (KER PW):  60.30 (-0.33%)
Agroton Public Limited (AGT PW):  9.43 (-0.63%)
Astarta Holding NV (AST PW):  62.80 (-0.95%)
Industrial Milk Co (IMC PW):  16.19 (unch%)
KSG Agro SA (KSG PW):  9.99 (+3.20%)
Milkiland (MLK PW):  14.50 (+0.35%)
KDM Shipping Plc (KDM PW):  32.50 (+1.88%)
Coal Energy SA (CLE PW): 10.12 (+1.20%)
Sadovaya Group SA (SGR PW):  1.99 (+3.65%)
Westa Intl Scientific Group (WES PW):  0.82 (-2.38%)

Carbon Trading

The ICE daily CER continued to trade as a political option with notional pricing, losing another 2 Eurocents (13 Eurocents on four consecutive losing days) after artificially having been driven up five trading days ago by a short squeeze.  It finished the day at 0.18 EURO (-10.00%).  The rest of the market remains beneath this price and ERUs are trading around 35% of this price.  Only a political decision to address massive oversupply can turn things around and it looks like such a decision is becoming a long-shot in the EU ETS.  In the meantime, too many ERUs and CERs already flood the market and more are printed every month.

Tuesday, March 5, 2013

Warsaw Market & Carbon Watch - Tuesday 5 March

Greetings from Kiev!  Here is the Ukrainian stock performance summary on the Warsaw Stock Exchange (WSE), based on the prior trading day's closing bell.  The WSE closed in the red (-0.44%), compared to mixed European markets (FTSE -0.52%, STOXX +0.12%, CAC +0.27%, DAX -0.21%, IBEX +0.72%) and green U.S. markets (DOW +0.27%, S&P +0.46%, NASDAQ +0.39%).  Looking at Ukrainian equities in particular across the Warsaw Stock Exchange, their index tracked the main Warsaw equities index, closing down (-1.42%) with gains in Westa, KDM Shipping, Sadovaya and Agroton unable to carry the day.  From a market depth standpoint, the highest trading volumes occurred in Westa (1,455,318 shares) and Kernel (204,731 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): 46137.70 (-0.44%)
WSE WIG-Ukraine Index (total return index for Ukrainian listed companies):  648.15 (-1.42%) 

Ovostar Union NV (OVO PW):  96.90 (-0.10%)
Kernel Holding SA (KER PW):  60.50 (-3.35%)
Agroton Public Limited (AGT PW):  9.49 (+0.11%)
Astarta Holding NV (AST PW):  63.40 (-0.16%)
Industrial Milk Co (IMC PW):  16.19 (-0.25%)
KSG Agro SA (KSG PW):  9.68 (-3.20%)
Milkiland (MLK PW):  14.45 (-1.70%)
KDM Shipping Plc (KDM PW):  31.90 (+7.08%)
Coal Energy SA (CLE PW): 10.00 (-2.15%)
Sadovaya Group SA (SGR PW):  1.92 (+2.13%)
Westa Intl Scientific Group (WES PW):  0.84 (+15.07%)

Carbon Trading

The ICE daily CER continued to trade as a political option with notional pricing, losing another 4 Eurocents (11 Eurocents on three consecutive losing days) after artificially having been driven up three trading days ago by a short squeeze.  It finished the day at 0.20 EURO (-16.67%).  The rest of the market remains beneath this price and ERUs are trading around 30% of this price.  Only a political decision to address massive oversupply can turn things around and it looks like such a decision is becoming a long-shot in the EU ETS.  In the meantime, too many ERUs and CERs already flood the market and more are printed every month.  The March and spot CER contracts can be expected to keep decreasing as we approach April when "grey" carbon credits must be surrendered or expire.

Monday, March 4, 2013

Warsaw Market & Carbon Watch - Monday 4 March

Greetings from Kiev!  Here is the Ukrainian stock performance summary on the Warsaw Stock Exchange (WSE), based on the prior trading day's closing bell.  The WSE closed on the positive side (+0.13%), compared to mixed European markets (FTSE +0.28%, STOXX -0.64%, CAC -0.62%, DAX -0.43%, IBEX -0.52%) and in line with the U.S. markets (DOW +0.25%, S&P +0.23%, NASDAQ +0.30%).  Looking at Ukrainian equities in particular across the Warsaw Stock Exchange, their index underperformed the main Warsaw equities index, closing down (-3.27%) with gains in Westa unable to offset otherwise yellow and red screens across the board.  From a market depth standpoint, the highest trading volumes occurred in Westa (784,974 shares), Kernel (182,920 shares) and Astarta (47,276 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): 46341.14 (+0.13%)
WSE WIG-Ukraine Index (total return index for Ukrainian listed companies):  657.50 (-3.27%) 

Ovostar Union NV (OVO PW):  97.00 (unch%)
Kernel Holding SA (KER PW):  62.60 (-3.84%)
Agroton Public Limited (AGT PW):  9.48 (-5.01%)
Astarta Holding NV (AST PW):  63.50 (-4.51%)
Industrial Milk Co (IMC PW):  16.23 (-0.12%)
KSG Agro SA (KSG PW):  10.00 (-5.66%)
Milkiland (MLK PW):  14.70 (-2.00%)
KDM Shipping Plc (KDM PW):  29.79 (unch%)
Coal Energy SA (CLE PW): 10.22 (-2.67%)
Sadovaya Group SA (SGR PW):  1.88 (-2.59%)
Westa Intl Scientific Group (WES PW):  0.73 (+15.87%)

Carbon Trading

The ICE daily CER continued to trade as a political option with notional pricing, losing another 3 Eurocents after having been driven up two trading days ago to a short squeeze.  It finished the day at 0.24 EURO (-11.11%).  The rest of the market remains beneath this price and ERUs are trading around 25% of this price.  Only a political decision to address massive oversupply can turn things around and it looks like such a decision is becoming a long-shot in the EU ETS.  In the meantime, too many ERUs and CERs already flood the market and more are printed every month.

Friday, March 1, 2013

Warsaw Market & Carbon Watch - Friday 1 March

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.  The Warsaw Stock Exchange closed on the positive side (+0.08%), in line with the main European markets (FTSE +0.55%, STOXX +0.83%, CAC +0.85%, DAX +0.86%, IBEX +1.15%) and better than the U.S. markets (DOW -0.15%, S&P -0.09%, NASDAQ -0.07%).  Looking at Ukrainian equities in particular across the Warsaw Stock Exchange, their index underperformed the main Warsaw equities index, closing down (-1.95%) with gains in KDM Shipping, Westa, Sadovaya, Ovostar and IMC unable to carry the day.  From a market depth standpoint, the highest trading volumes occurred in Kernel (234,721 shares), Sadovaya (41,067 shares), Astarta (37,755 shares) and Westa (33,970 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): 46280.36 (+0.08%)
WSE WIG-Ukraine Index (total return index for Ukrainian listed companies):  679.75 (-1.95%) 

Ovostar Union NV (OVO PW):  97.00 (+0.52%)
Kernel Holding SA (KER PW):  65.10 (-0.91%)
Agroton Public Limited (AGT PW):  9.98 (-0.20%)
Astarta Holding NV (AST PW):  66.50 (-5.00%)
Industrial Milk Co (IMC PW):  16.25 (+0.31%)
KSG Agro SA (KSG PW):  10.60 (-2.66%)
Milkiland (MLK PW):  15.00 (unch%)
KDM Shipping Plc (KDM PW):  29.79 (+3.62%)
Coal Energy SA (CLE PW): 10.50 (-3.14%)
Sadovaya Group SA (SGR PW):  1.93 (+1.05%)
Westa Intl Scientific Group (WES PW):  0.63 (+3.28%)

Carbon Trading

The ICE daily CER continued to trade as a political option with notional pricing, losing 4 Eurocents after having been driven up 14 Eurocents the previous day due to a short squeeze.  It finished the day at 0.27 EURO (-12.90%).  The rest of the market remains beneath this price and ERUs are trading around 25% of this price.  Only a political decision to address massive oversupply can turn things around and it looks like such a decision is becoming a long-shot in the EU ETS.  In the meantime, too many ERUs and CERs already flood the market and more are printed every month.

Thursday, February 28, 2013

Warsaw Market & Carbon Watch - Thursday 28 February

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.  The Warsaw Stock Exchange closed up (+0.81%), in line with the main European markets (FTSE +0.88%, STOXX +1.61%, CAC +1.92%, DAX +1.04%, IBEX +1.95%) band the U.S. markets (DOW +1.26%, S&P +1.27%, NASDAQ +1.04%).  Looking at Ukrainian equities in particular across the Warsaw Stock Exchange, their index over performed the main Warsaw equities index, closing up (+1.36%) with gains in Astarta, Sadovaya, Ovostar, KDM Shipping, Milkiland, IMC and Agroton driving the movement.  From a market depth standpoint, the highest trading volumes occurred in Kernel (60,360 shares), Westa (40,124 shares) and Sadovaya (30,590 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): 46241.92 (+0.81%)
WSE WIG-Ukraine Index (total return index for Ukrainian listed companies):  693.27 (+1.36%) 

Ovostar Union NV (OVO PW):  96.50 (+2.66%)
Kernel Holding SA (KER PW):  65.70 (-0.23%)
Agroton Public Limited (AGT PW):  10.00 (+0.91%)
Astarta Holding NV (AST PW):  70.00 (+3.70%)
Industrial Milk Co (IMC PW):  16.20 (+0.93%)
KSG Agro SA (KSG PW):  10.89 (+0.28%)
Milkiland (MLK PW):  15.00 (+1.35%)
KDM Shipping Plc (KDM PW):  28.75 (+2.02%)
Coal Energy SA (CLE PW): 10.84 (-0.55%)
Sadovaya Group SA (SGR PW):  1.91 (+2.69%)
Westa Intl Scientific Group (WES PW):  0.61 (-3.17%)

Carbon Trading

The ICE daily CER continued to trade as a political option with notional pricing, however it went "bezerk" adding 14 Eurocents on screen to 0.31 EURO (+82.35%).  This was due to short squeeze trading on 5 million units volume.  The rest of the market remains beneath this price and ERUs are trading at far less than 20% of this price.  Only a political decision to address massive oversupply can turn things around and it looks like such a decision is becoming a long-shot in the EU ETS.  In the meantime, too many ERUs and CERs already flood the market and more are printed every month.

Wednesday, February 27, 2013

Warsaw Market & Carbon Watch - Wednesday 27 February

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.  The Warsaw Stock Exchange closed down (-0.90%), in line with the main European markets (FTSE -1.34%, STOXX -3.07%, CAC -2.67%, DAX -2.27%, IBEX -3.20%) but worse than the U.S. markets (DOW +0.84%, S&P +0.61%, NASDAQ +0.43%).  Looking at Ukrainian equities in particular across the Warsaw Stock Exchange, their index slightly tracked the main Warsaw equities index, closing down (-0.77%) with KDM Shipping the only winner for the day.  From a market depth standpoint, the highest trading volumes occurred in Kernel (71,823 shares) and Westa (33,175 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): 45868.35 (-0.90%)
WSE WIG-Ukraine Index (total return index for Ukrainian listed companies):  683.96 (-0.77%) 

Ovostar Union NV (OVO PW):  94.00 (unch%)
Kernel Holding SA (KER PW):  65.85 (-0.53%)
Agroton Public Limited (AGT PW):  9.91 (-1.88%)
Astarta Holding NV (AST PW):  67.50 (unch%)
Industrial Milk Co (IMC PW):  16.05 (-2.07%)
KSG Agro SA (KSG PW):  10.86 (-3.64%)
Milkiland (MLK PW):  14.80 (-1.33%)
KDM Shipping Plc (KDM PW):  28.18 (+0.04%)
Coal Energy SA (CLE PW): 10.90 (-2.68%)
Sadovaya Group SA (SGR PW):  1.86 (-2.62%)
Westa Intl Scientific Group (WES PW):  0.63 (-1.56%)

Carbon Trading

The ICE daily CER continued to trade as a political option with notional pricing, addition two Eurocents to 0.17 EURO (+13.33%).  Actual volume is trading beneath this price and ERUs are trading at far less than 50% of this price.  Exchange listed prices are nothing more than advertisements or wishful thinking by a small group of ambitious traders trying to convince speculators that there is something happening... or posting prices to mark their portfolios above loss levels for accounting reasons.  Nobody is following these prices or trading at these levels.  Only a political decision to address massive oversupply can turn things around and it looks like such a decision is becoming a long-shot in the EU ETS.  In the meantime, too many ERUs and CERs already flood the market and more are printed every month.

Tuesday, February 26, 2013

Warsaw Market & Carbon Watch - Tuesday 26 February

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.  The Warsaw Stock Exchange closed up (+0.74%), in line with the main European markets (FTSE +0.31%, STOXX +0.83%, CAC +0.41%, DAX +1.45%, IBEX +0.80%) and better than the U.S. markets (DOW -1.55%, S&P -1.83%, NASDAQ -1.44%).  Looking at Ukrainian equities in particular across the Warsaw Stock Exchange, their index slightly underperformed the main Warsaw equities index, closing down (-0.32%) with gains in Westa, Astarta, IMC, Sadovaya and KDM Shipping unable to carry the day.  From a market depth standpoint, the highest trading volumes occurred in Westa (87,991 shares), Kernel (52,743 shares) and Sadovaya (49,066 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): 46286.28 (+0.74%)
WSE WIG-Ukraine Index (total return index for Ukrainian listed companies):  689.27 (-0.32%) 

Ovostar Union NV (OVO PW):  94.00 (unch%)
Kernel Holding SA (KER PW):  66.20 (-2.43%)
Agroton Public Limited (AGT PW):  10.10 (unch%)
Astarta Holding NV (AST PW):  67.50 (+3.21%)
Industrial Milk Co (IMC PW):  16.39 (+1.17%)
KSG Agro SA (KSG PW):  11.27 (-2.17%)
Milkiland (MLK PW):  15.00 (-0.33%)
KDM Shipping Plc (KDM PW):  28.17 (+0.14%)
Coal Energy SA (CLE PW): 11.20 (-5.49%)
Sadovaya Group SA (SGR PW):  1.89 (+1.06%)
Westa Intl Scientific Group (WES PW):  0.64 (+8.47%)

Carbon Trading

The ICE daily CER continued to trade as a political option with notional pricing, gaining back the one yo-yo Eurocent to 0.15 EURO (+7.14%).  Actual volume is trading beneath this price and ERUs are trading at less than 50% of this price.  Exchange listed prices are nothing more than advertisements or wishful thinking by ambitious traders trying to convince speculators that there is something happening.  Nobody is following them.  Only a political decision to address massive oversupply can turn things around and after Monday, it looks like that decision is possibly not going to happen in the EU ETS.  EU lawmakers yesterday decided to put their back-loading plan to a full parliamentary vote before discussing it with individual country ministers - which at best means the plan is in serious trouble and at worse signals it's dead.  Nobody should be surprised at this twist given the EU's track record of whiffing on previous efforts.  In the meantime, too many ERUs and CERs already flood the market and more are printed every month.

Monday, February 25, 2013

Warsaw Market & Carbon Watch - Monday 25 February

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.  The Warsaw Stock Exchange closed up (+0.15%), in line with the main European markets (FTSE +0.70%, STOXX +1.95%, CAC +2.25%, DAX +1.03%, IBEX +2.05%) and U.S. markets (DOW +0.86%, S&P +0.88%, NASDAQ +0.97%).  Looking at Ukrainian equities in particular across the Warsaw Stock Exchange, their index slightly underperformed the main Warsaw equities index, closing down (-0.56%) with gains in KDM Shipping, Sadovaya, Ovostar, Agroton and Coal Energy unable to carry the day.  From a market depth standpoint, the highest trading volumes occurred in Westa (110,652 shares), Kernel (106,730 shares and Sadovaya (46,193 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): 45948.12 (+0.15%)
WSE WIG-Ukraine Index (total return index for Ukrainian listed companies):  691.47 (-0.56%) 

Ovostar Union NV (OVO PW):  94.00 (+1.08%)
Kernel Holding SA (KER PW):  67.85 (-0.73%)
Agroton Public Limited (AGT PW):  10.10 (+0.60%)
Astarta Holding NV (AST PW):  65.40 (-0.83%)
Industrial Milk Co (IMC PW):  16.20 (unch%)
KSG Agro SA (KSG PW):  11.52 (-3.19%)
Milkiland (MLK PW):  15.05 (-1.89%)
KDM Shipping Plc (KDM PW):  28.13 (+3.46%)
Coal Energy SA (CLE PW): 11.85 (+0.17%)
Sadovaya Group SA (SGR PW):  1.89 (+2.72%)
Westa Intl Scientific Group (WES PW):  0.59 (-4.84%)

Carbon Trading

The ICE daily CER continued to trade as a political option with notional pricing, losing one Eurocent to 0.14 EURO (-6.67%).  Actual volume is trading beneath this price and ERUs are trading at less than 50% of this price.  Exchange listed prices are nothing more than advertisements or wishful thinking by ambitious traders trying to convince speculators that there is something happening.  Only a political decision to address massive oversupply can turn things around.  Too many ERUs and CERs have been issued already and more are printed every month, the market is swamped.

Friday, February 22, 2013

Warsaw Market & Carbon Watch - Friday 22 February

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.  The Warsaw Stock Exchange closed down for a third day (-0.37%), in line with the main European markets (FTSE -1.62%, STOXX -2.29%, CAC -2.29%, DAX -1.88%, IBEX -1.82%) and U.S. markets (DOW -0.34%, S&P -0.63%, NASDAQ -1.04%).  Looking at Ukrainian equities in particular across the Warsaw Stock Exchange, their index outperformed the main Warsaw equities index, closing up (+0.61%) with gains in Astarta, Milkiland, KDM Shipping and Kernel driving the movement.  From a market depth standpoint, the highest trading volumes occurred in Sadovaya (177,171 shares), Kernel (148,538 shares), Westa (81,414 shares) and Milkiland (49,425 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): 45879.90 (-0.37%)
WSE WIG-Ukraine Index (total return index for Ukrainian listed companies):  695.38 (+0.61%) 

Ovostar Union NV (OVO PW):  93.00 (unch%)
Kernel Holding SA (KER PW):  68.35 (+0.44%)
Agroton Public Limited (AGT PW):  10.04 (-1.47%)
Astarta Holding NV (AST PW):  65.95 (+1.93%)
Industrial Milk Co (IMC PW):  16.20 (unch%)
KSG Agro SA (KSG PW):  11.90 (-1.65%)
Milkiland (MLK PW):  15.34 (+0.92%)
KDM Shipping Plc (KDM PW):  27.19 (+0.74%)
Coal Energy SA (CLE PW): 11.83 (-0.42%)
Sadovaya Group SA (SGR PW):  1.84 (-2.65%)
Westa Intl Scientific Group (WES PW):  0.62 (-4.62%)

Carbon Trading

The ICE daily CER continued to trade as a political option with notional pricing, gaining one Eurocent to 0.15 EURO (+7.14%).  Actual volume is trading beneath this price and ERUs are trading at less than 50% of this price.  Exchange listed prices are nothing more than advertisements or wishful thinking by ambitious traders trying to convince speculators that there is something happening.  There is little to no volume demand at these levels.  Only a political decision to address massive oversupply can turn things around.  Too many ERUs and CERs have been issued already for there to be any meaningful supply/demand intersection, and more are printed every month, the market is swamped.

Thursday, February 21, 2013

Warsaw Market & Carbon Watch - Thursday 21 February

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.  The Warsaw Stock Exchange closed down for a second day (-0.94%), in line with mainly red screens across the main European markets (FTSE +0.26%, STOXX -0.83%, CAC -0.69%, DAX -0.30%, IBEX -0.76%) and U.S. markets (DOW -0.77%, S&P -1.24%, NASDAQ -1.53%).  Looking at Ukrainian equities in particular across the Warsaw Stock Exchange, their index outperformed the main Warsaw equities index, closing up (+0.35%) with gains in Astarta, Coal Energy and KDM Shipping driving the movement.  From a market depth standpoint, the highest trading volumes occurred in Sadovaya (169,429 shares), Westa (89,034 shares), Kernel (64,802 shares) and Milkiland (51,532 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): 46051.76 (-0.94%)
WSE WIG-Ukraine Index (total return index for Ukrainian listed companies):  691.19 (+0.35%) 

Ovostar Union NV (OVO PW):  93.00 (-1.06%)
Kernel Holding SA (KER PW):  68.05 (-1.23%)
Agroton Public Limited (AGT PW):  10.19 (-0.59%)
Astarta Holding NV (AST PW):  64.70 (+4.10%)
Industrial Milk Co (IMC PW):  16.20 (-0.92%)
KSG Agro SA (KSG PW):  12.10 (-0.41%)
Milkiland (MLK PW):  15.20 (-1.94%)
KDM Shipping Plc (KDM PW):  26.99 (+0.04%)
Coal Energy SA (CLE PW): 11.88 (+1.11%)
Sadovaya Group SA (SGR PW):  1.89 (-4.55%)
Westa Intl Scientific Group (WES PW):  0.65 (-1.52%)

Carbon Trading

The ICE daily CER continued to trade as a political option with notional pricing, remaining flat for the third day at 0.14 EURO (unch%).  ERUs are trading around 50% of this price.  Nothing is trading on the exchange except for a small trades posted by ambitious speculators trying to convince the market that there is something happening.  Only a political decision to address massive oversupply can turn things around.  Too many ERUs and CERs have been issued already for there to be any meaningful supply/demand intersection, and more are printed every month, the market is swamped.

Wednesday, February 20, 2013

Warsaw Market & Carbon Watch - Wednesday 20 February

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.  The Warsaw Stock Exchange snapped a two-day winning streak and closed down (-0.50%), against green screens across the main European markets (FTSE +0.96%, STOXX +1.75%, CAC +1.88%, DAX +1.62%, IBEX +1.44%) and positive U.S. markets (DOW +0.39%, S&P +0.73%, NASDAQ +0.68%).  Looking at Ukrainian equities in particular across the Warsaw Stock Exchange, their index tracked the main Warsaw equities index, closing down (-0.50%) with gains in Sadovaya, Milkiland, Kernel and Agroton unable to carry the day.  From a market depth standpoint, the highest trading volumes occurred in Sadovaya (639,829 shares), Milkiland (76,339 shares), Kernel (59,862 shares) and Westa (47,332 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): 46490.89 (-0.04%)
WSE WIG-Ukraine Index (total return index for Ukrainian listed companies):  688.79 (-0.50%) 

Ovostar Union NV (OVO PW):  94.00 (-2.08%)
Kernel Holding SA (KER PW):  68.90 (+0.58%)
Agroton Public Limited (AGT PW):  10.25 (+0.10%)
Astarta Holding NV (AST PW):  62.15 (-1.35%)
Industrial Milk Co (IMC PW):  16.35 (unch%)
KSG Agro SA (KSG PW):  12.15 (-2.80%)
Milkiland (MLK PW):  15.50 (+0.98%)
KDM Shipping Plc (KDM PW):  26.98 (-0.70%)
Coal Energy SA (CLE PW): 11.75 (-4.16%)
Sadovaya Group SA (SGR PW):  1.98 (+8.79%)
Westa Intl Scientific Group (WES PW):  0.66 (-1.49%)

Carbon Trading

The ICE daily CER continued to trade as a political option with notional pricing, remaining flat at 0.14 EURO (unch%).  ERUs are trading around 50% of this price.  Kyoto units are trading in low volumes, virtually no volumes in CERs or ERUs are trading after a weak EU back-loading vote occurred yesterday that simply kicked the can down the road.  There is no new demand source for carbon credits that can improve the emissions market at this point, only a political decision to address massive oversupply can turn things around.  Too many ERUs and CERs have been issued already for there to be any meaningful supply/demand intersection, and more are printed every month, the market is swamped.

Tuesday, February 19, 2013

Warsaw Market & Carbon Watch - Tuesday 19 February

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.  The Warsaw Stock Exchange continued its winning streak and closed up (+0.30%), against mixed screens across the main European markets (FTSE -0.16%, STOXX +0.05%, CAC +0.18%, DAX +0.46%, IBEX -0.51%).  The U.S. markets were closed for President's Day.  Looking at Ukrainian equities in particular across the Warsaw Stock Exchange, their index underperformed the main Warsaw equities index, closing down (-1.06%) with gains in Agroton, Kernel, KDM Shipping and Milkiland unable to carry the day.  From a market depth standpoint, the highest trading volumes occurred in Milkiland (223,428 shares), Kernel (118,303 shares), IMC (50,910 shares) and Westa (47,228 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): 46508.27 (+0.30%)
WSE WIG-Ukraine Index (total return index for Ukrainian listed companies):  692.23 (-1.06%) 

Ovostar Union NV (OVO PW):  96.00 (-0.62%)
Kernel Holding SA (KER PW):  68.50 (+0.74%)
Agroton Public Limited (AGT PW):  10.04 (+1.99%)
Astarta Holding NV (AST PW):  63.00 (-4.55%)
Industrial Milk Co (IMC PW):  16.35 (-0.24%)
KSG Agro SA (KSG PW):  12.50 (unch%)
Milkiland (MLK PW):  15.25 (+0.66%)
KDM Shipping Plc (KDM PW):  27.17 (+0.70%)
Coal Energy SA (CLE PW): 12.26 (-1.84%)
Sadovaya Group SA (SGR PW):  1.82 (unch%)
Westa Intl Scientific Group (WES PW):  0.67 (-1.47%)

Carbon Trading

The ICE daily CER continued to trade in range, gaining another cent to reach 0.14 EURO (+7.69%).  ERUs are trading around 50% of this price.  Kyoto units are trading in low volumes while everyone watches today's EUA back-loading proposal vote in the EU.  This vote would be the first of several required votes to execute such a set aside this year, and not the hardest one.  In the meantime, the market continues to witness continuous new issuances of ERUs and CERs on top of existing oversupply.

Carbon Trading Videos

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