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.

Warsaw Market & Carbon Watch - Monday 18 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.  As a whole, the Warsaw Stock Exchange closed up (+0.34%), against mixed bearish screens across the main European markets (FTSE +0.01%, STOXX -0.76%, CAC -0.25%, DAX -0.49%, IBEX -1.18%) and U.S. markets (DOW +0.06%, S&P -0.10%, NASDAQ -0.21%).  Looking at Ukrainian equities in particular across the Warsaw Stock Exchange, their index tracked the main Warsaw equities index, closing up (+0.30%) driven by gains in Sadovaya, IMC, Milkiland, Kernel, Agroton and Ovostar.  From a market depth standpoint, the highest trading volumes occurred in Kernel (174,357 shares) and Westa (90,235 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): 46370.13 (+0.34%)

WSE WIG-Ukraine Index (total return index for Ukrainian listed companies):  699.68 (+0.30%) 

Ovostar Union NV (OVO PW):  96.60 (+0.10%)

Kernel Holding SA (KER PW):  68.00 (+1.57%)

Agroton Public Limited (AGT PW):  10.04 (+0.40%)

Astarta Holding NV (AST PW):  66.00 (-1.64%)

Industrial Milk Co (IMC PW):  16.39 (+2.44%)

KSG Agro SA (KSG PW):  12.50 (-0.08%)

Milkiland (MLK PW):  15.25 (+1.60%)

KDM Shipping Plc (KDM PW):  26.98 (unch%)

Coal Energy SA (CLE PW): 12.49 (-1.96%)

Sadovaya Group SA (SGR PW):  1.82 (+3.41%)

Westa Intl Scientific Group (WES PW):  0.68 (unch%)

Carbon Trading

The ICE daily CER continued to trade in range, recovering one cent to 0.13 EURO (+8.33%).  ERUs are trading around 50% of this price.  Kyoto units are trading in low volumes on exchanges as market participants await Tuesday's expected set aside vote for EUAs in the EU ETS.  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 will try to absorb continuous new issuances of ERUs and CERs on top of existing oversupply.

Warsaw Market & Carbon Watch - Friday 15 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.  As a whole, the Warsaw Stock Exchange closed slightly down (-0.42%), in line with red screens across the main European markets (FTSE -0.50%, STOXX -0.81%, CAC -0.78%, DAX -1.05%, IBEX -0.71%) and flattish U.S. markets (DOW -0.07%, S&P +0.07%, NASDAQ +0.06%).  Looking at Ukrainian equities in particular across the Warsaw Stock Exchange, their index tracked the main Warsaw equities index, closing down (-0.34%) with gains in Kernel and Milkiland unable to offset red and white screens among other weighted names.  From a market depth standpoint, the highest trading volumes occurred in IMC (151,617 shares) and Kernel (76,142 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): 46211.54 (-0.42%)

WSE WIG-Ukraine Index (total return index for Ukrainian listed companies):  697.58 (-0.34%) 

Ovostar Union NV (OVO PW):  96.50 (-2.53%)

Kernel Holding SA (KER PW):  66.95 (+1.36%)

Agroton Public Limited (AGT PW):  10.00 (-2.44%)

Astarta Holding NV (AST PW):  67.10 (-1.32%)

Industrial Milk Co (IMC PW):  16.00 (unch%)

KSG Agro SA (KSG PW):  12.51 (-2.65%)

Milkiland (MLK PW):  15.01 (+0.07%)

KDM Shipping Plc (KDM PW):  26.98 (unch%)

Coal Energy SA (CLE PW): 12.74 (-1.92%)

Sadovaya Group SA (SGR PW):  1.76 (unch%)

Westa Intl Scientific Group (WES PW):  0.68 (-1.45%)

Carbon Trading

The ICE daily CER continued to trade in range, falling one cent to 0.12 EURO (-7.69%).  ERUs are trading around 50% of this price.  Kyoto units are trading in low volumes on exchanges as market participants keenly await a (potentially disappointing) set aside vote for EUAs in the EU ETS scheduled for next week.  In the meantime, countries continue to issue ERUs and the CDM EB continues to issue CERs in the face of limited demand.