Warsaw Market & Carbon Watch - Wednesday 31 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 closed up on the day (+0.15%), in line with the European markets (FTSE +0.95%, STOXX +1.50%, CAC +1.48%, DAX +1.13%, IBEX +1.36%) and the U.S. markets were closed for a second day due to severe weather.  Looking at Ukrainian equities in particular across the Warsaw Stock Exchange, they slightly underperformed the main Warsaw equities index, closing slightly down (-0.17%) for the day with gains in Industrial Milk Co., Sadovaya, Astarta, Ovostar and KDM Shipping not quite overcoming red and white screens across the rest of the index's weighted names.  From a market depth standpoint, the highest trading volumes occurred in Sadovaya Group (101,149 shares), Kernel (95,186 shares) and Westa International Scientific Group (46,106 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): 43240.07 (+0.15%)

WSE WIG-Ukraine Index (total return index for Ukrainian listed companies):  697.44 (-0.17%) 

Ovostar Union NV (OVO PW):  96.80 (+0.41%)

Kernel Holding SA (KER PW):  66.00 (-2.37%)

Agroton Public Limited (AGT PW):  10.88 (-2.77%)

Astarta Holding NV (AST PW):  63.30 (+2.10%)

Industrial Milk Co (IMC PW):  16.43 (+7.74%)

KSG Agro SA (KSG PW):  12.70 (-1.70%)

Milkiland (MLK PW):  16.60 (-1.95%)

KDM Shipping Plc (KDM PW):  27.30 (+0.07)

Coal Energy SA (CLE PW): 14.49 (-0.07%)

Sadovaya Group SA (SGR PW):  2.75 (+4.56%)

Westa Intl Scientific Group (WES PW):  1.09 (-1.80%)

Carbon Trading

ICE daily CER price saw another day of cautious gains, reaching 1.07 EURO (+5.94%).  This can be viewed as consolidation after several weeks of the market getting pummeled.  Carbon is still long and positive sentiment about a 1.2 billion EUA set aside in the EU ETS can be instantly lost as soon as one nation publicly states is won't support the motion - which must be unanimous to become binding.

Warsaw Market & Carbon Watch - Tuesday 30 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 closed flat on the day (-0.20%), in line with the European markets (FTSE -0.20%, STOXX -0.69%, CAC -0.76%, DAX -0.40%, IBEX -0.60%) and the U.S. markets were closed due to severe weather.  Looking at Ukrainian equities in particular across the Warsaw Stock Exchange, they slightly underperformed the main Warsaw equities index, closing down (-1.28%) for the day with gains in Westa, Kernel and Milkiland being insufficient to offset red and white screens across the rest of the index's weighted names.  From a market depth standpoint, the highest trading volumes occurred in Westa International Scientific Group (326,039 shares), Sadovaya Group (149,470 shares) and Kernel (32,074 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): 43177.45 (-0.20%)

WSE WIG-Ukraine Index (total return index for Ukrainian listed companies):  698.60 (-1.28%) 

Ovostar Union NV (OVO PW):  96.40 (unch)

Kernel Holding SA (KER PW):  67.60 (+0.30%)

Agroton Public Limited (AGT PW):  11.19 (-1.84%)

Astarta Holding NV (AST PW):  62.00 (-3.13%)

Industrial Milk Co (IMC PW):  15.25 (-4.63%)

KSG Agro SA (KSG PW):  12.92 (-2.12)

Milkiland (MLK PW):  16.93 (+0.18%)

KDM Shipping Plc (KDM PW):  27.28 (-0.07)

Coal Energy SA (CLE PW): 14.50 (-1.63%)

Sadovaya Group SA (SGR PW):  2.63 (-8.36%)

Westa Intl Scientific Group (WES PW):  1.11 (+1.83%)

Carbon Trading

ICE daily CER price saw another day of cautious gains, reaching 1.11 EURO (+14.77%).  The gains were driven mainly by Italy's signal it would support a 1.2 billion carbon credit set aside (EUAs) in the EU ETS.  The EU plans to table the set aside decision on November 14 - but so far only Italy and the United Kingdom have officially endorsed the measure with Poland staunchly opposed.  Any such set aside decision must be unanimous to be binding.

Warsaw Market & Carbon Watch - Monday 29 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 closed flat on the day (-0.25%), slightly under the European markets (FTSE +0.03%, STOXX +0.51%, CAC +0.69%, DAX +0.44%, IBEX -0.05%) and the U.S. markets (DOW +0.03%, S&P -0.07%, NASDAQ -0.06%).  Looking at Ukrainian equities in particular across the Warsaw Stock Exchange, they slightly underperformed the main Warsaw equities index, closing down (-0.61%) for the day with gains in Agroton being insufficient to offset red and white screens across the rest of the index's weighted names.  From a market depth standpoint, the highest trading volumes occurred in Westa International Scientific Group (253,846 shares), Sadovaya Group (218,341 shares) and Kernel (23,969 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): 43264.17 (-0.25%)

WSE WIG-Ukraine Index (total return index for Ukrainian listed companies):  707.63 (-0.61%) 

Ovostar Union NV (OVO PW):  96.40 (-0.10%)

Kernel Holding SA (KER PW):  67.40 (-0.59%)

Agroton Public Limited (AGT PW):  11.40 (+2.52%)

Astarta Holding NV (AST PW):  64.00 (-1.08%)

Industrial Milk Co (IMC PW):  15.99 (-0.81%)

KSG Agro SA (KSG PW):  13.20 (unch)

Milkiland (MLK PW):  16.90 (-0.29%)

KDM Shipping Plc (KDM PW):  27.30 (unch)

Coal Energy SA (CLE PW): 14.74 (-0.27%)

Sadovaya Group SA (SGR PW):  2.87 (-4.33%)

Westa Intl Scientific Group (WES PW):  1.09 (-3.54%)

Carbon Trading

ICE daily CER price saw a nervous 2 Eurocent uptick, reaching 0.88 EURO (+2.33%).  This looks to be the result of range trading and consolidation after several days of losses, the market remains long.

Warsaw Market & Carbon Watch - Thursday 25 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 closed up on the day (+0.37%), in line with the European markets (FTSE +0.12%, STOXX +0.51%, CAC +0.59%, DAX +0.27%, IBEX +0.57%) and better than the U.S. markets (DOW -0.19%, S&P -0.31%, NASDAQ -0.29%).  Looking at Ukrainian equities in particular across the Warsaw Stock Exchange, they slightly underperformed the main Warsaw equities index, closing flat (-0.18%) for the day with slight in Sadovaya, Agroton, Westa, Milkiland and KSG Agro failing to carry the day.  From a market depth standpoint, the highest trading volumes occurred in Westa International Scientific Group (241,804 shares), Sadovaya Group (226,277 shares) and Kernel (32,670 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): 433305.06 (+0.37%)

WSE WIG-Ukraine Index (total return index for Ukrainian listed companies):  709.82 (-0.18%) 

Ovostar Union NV (OVO PW):  96.00 (-0.88%)

Kernel Holding SA (KER PW):  68.00 (-0.37%)

Agroton Public Limited (AGT PW):  11.38 (+2.89%)

Astarta Holding NV (AST PW):  64.00 (-0.85%)

Industrial Milk Co (IMC PW):  15.85 (-0.94%)

KSG Agro SA (KSG PW):  13.59 (+2.26%)

Milkiland (MLK PW):  16.95 (+2.73%)

KDM Shipping Plc (KDM PW):  27.30 (unch)

Coal Energy SA (CLE PW): 14.73 (-1.01%)

Sadovaya Group SA (SGR PW):  2.71 (+3.83%)

Westa Intl Scientific Group (WES PW):  1.11 (+2.78%)

Carbon Trading

ICE daily CER price continued to fall without apparent support, dropping to 0.86 EURO (-13.13%).  The market is long, industrial activity in the Eurozone looks bearish on the back of weak economic forecasts, and more Track 1 ERUs are issued by eligible countries as project owners seek to make whatever's left from the the small money left in the market at this point.  There's no reason to buy carbon except to sell options or swap for small spreads.  It costs more money to play a video game in an arcade for 3 minutes than it does to purchase a ton of CO2 emission reductions from the atmosphere.  One would think that it should now be easier for countries to agree to a second Kyoto Protocol extension -- because carbon credits are essentially costless and look to remain so for several years -- but things do not seem to be shaping up that way.

Warsaw Market & Carbon Watch - Wednesday 24 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 closed down on the day (-1.33%), in line with red screens in the European markets (FTSE -1.44%, STOXX -2.10%, CAC -2.20%, DAX -2.11%, IBEX -1.64%) and U.S. markets (DOW -1.82%, S&P -1.44%, NASDAQ -0.88%).  Looking at Ukrainian equities in particular across the Warsaw Stock Exchange, they slightly outperformed the main Warsaw equities index, closing down (-0.71%) for the day with slight gains in Kernel, Westa and Sadovaya failing to offset an otherwise sluggish day across the index.  From a market depth standpoint, the highest trading volumes occurred in Sadovaya Group (999,197 shares), Kernel (567,913 shares) and Westa International Scientific Group(348,738 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): 43145.55 (-1.33%)

WSE WIG-Ukraine Index (total return index for Ukrainian listed companies):  711.09 (-0.71%) 

Ovostar Union NV (OVO PW):  96.85 (unch)

Kernel Holding SA (KER PW):  68.25 (+0.74%)

Agroton Public Limited (AGT PW):  11.06 (-4.24%)

Astarta Holding NV (AST PW):  64.55 (-0.69%)

Industrial Milk Co (IMC PW):  16.00 (-3.90%)

KSG Agro SA (KSG PW):  13.29 (-2.99%)

Milkiland (MLK PW):  16.50 (-1.79%)

KDM Shipping Plc (KDM PW):  27.30 (unch)

Coal Energy SA (CLE PW): 14.88 (-4.00%)

Sadovaya Group SA (SGR PW):  2.61 (+3.57%)

Westa Intl Scientific Group (WES PW):  1.08 (+0.93%)

Carbon Trading

ICE daily CER price continued to fall, dropping to 0.99 EURO (-8.33%).  The market is long, new ERU and CER supply keeps hitting the market particularly through the Track 1 JI process, demand does not meet this supply for several more years, it's like kicking a dead horse.  But so long as carbon remains above zero there likely will be new volume sellers and traders looking to make a few cents off swaps and hedging.  So it's possibly a race to the bottom without serendipitous decision making by the EU ETS, from the U.N.F.C.C.C., or from individual countries refusing certain types of credits.

Warsaw Market & Carbon Watch - Tuesday 23 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 closed flat on the day (-0.07%), similar to red screens in the European markets (FTSE -0.22%, STOXX -0.44%, CAC -0.61%, DAX -0.71%, IBEX -0.46%) and mixed U.S. markets (DOW +0.02%, S&P +0.04%, NASDAQ +0.38%).  Looking at Ukrainian equities in particular across the Warsaw Stock Exchange, they slightly outperformed the main Warsaw equities index, closing up (+0.25%) for the day with gains in agriculture, energy and food processing sector names offsetting negative news that mining activities at Sadovaya Group could be suspended due to weak demand.  From a market depth standpoint, the highest trading volumes occurred in Sadovaya Group (1,085,963 shares), Westa International Scientific Group (553,255 shares) and Kernel (189,722 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): 43728.91 (-0.07%)

WSE WIG-Ukraine Index (total return index for Ukrainian listed companies):  716.14 (+0.25%) 

Ovostar Union NV (OVO PW):  96.85 (-3.05%)

Kernel Holding SA (KER PW):  67.75 (+2.19%)

Agroton Public Limited (AGT PW):  11.55 (-1.87%)

Astarta Holding NV (AST PW):  65.00 (unch)

Industrial Milk Co (IMC PW):  16.65 (-3.70%)

KSG Agro SA (KSG PW):  13.70 (unch)

Milkiland (MLK PW):  16.80 (+0.90%)

KDM Shipping Plc (KDM PW):  27.30 (unch)

Coal Energy SA (CLE PW): 15.26 (+1.57%)

Sadovaya Group SA (SGR PW):  2.52 (-20.00%)

Westa Intl Scientific Group (WES PW):  1.07 (+0.94%)

Carbon Trading

ICE daily CER price continued to fall, dropping to 1.08 EURO (-4.42%).  The market is long, so without a regulatory lightning bolt from above one can expect a slow southern ride down the range for the rest of 2012.

Warsaw Market & Carbon Watch - Monday 22 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 closed down on the day (-1.77%), similar to red screens in the European markets (FTSE -0.35%, STOXX -1.24%, CAC -0.87%, DAX -0.76%, IBEX -2.31%) and bearish U.S. markets (DOW -1.52%, S&P -1.66%, NASDAQ -2.19%).  Looking at Ukrainian equities in particular across the Warsaw Stock Exchange, they slightly outperformed the main Warsaw equities index, closing flat (-0.04%) for the day with gains in agriculture and food processing sector names offset by losses in energy and metals/mining sector names.  From a market depth standpoint, the highest trading volumes occurred in Westa International Scientific Group (2,659,801 shares), Sadovaya Group (854,776 shares), Kernel (74,143 shares), Milkiland (57,810 shares) and Coal Energy (35,244 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): 43759.43 (-1.77%)

WSE WIG-Ukraine Index (total return index for Ukrainian listed companies):  714.38 (-0.04%) 

Ovostar Union NV (OVO PW):  99.90 (+0.10%)

Kernel Holding SA (KER PW):  66.30 (+1.69%)

Agroton Public Limited (AGT PW):  11.77 (+4.72%)

Astarta Holding NV (AST PW):  65.00 (+0.15%)

Industrial Milk Co (IMC PW):  17.29 (+3.53%)

KSG Agro SA (KSG PW):  13.70 (+1.48%)

Milkiland (MLK PW):  16.65 (-1.30%)

KDM Shipping Plc (KDM PW):  27.30 (unch)

Coal Energy SA (CLE PW): 15.26 (-5.39%)

Sadovaya Group SA (SGR PW):  3.15 (-26.69%)

Westa Intl Scientific Group (WES PW):  1.06 (-17.19%)

Carbon Trading

ICE daily CER price got hammered, dropping to 1.19 EURO (-22.07%).  The market is long and new offsets keep hitting the market.  There are no technical barriers to guide carbon at this point, everything is trading in range and the range keeps dropping as new U.N. offsets add to current oversupply.  Without regulatory measures to shore up the market, it's really a case of the emperor having no clothes.  We are witnessing a repeat of what transpired during Phase I of the Kyoto Protocol in 2007, for similar reasons.

Warsaw Market & Carbon Watch - Friday 19 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 closed up on the day (+0.44%), against generally similar results in the European markets (FTSE +0.10%, STOXX +0.17%, CAC +0.22%, DAX +0.58%, IBEX -0.34%) and bearish U.S. markets (DOW -0.06%, S&P -0.24%, NASDAQ -1.01%).  Looking at Ukrainian equities in particular across the Warsaw Stock Exchange, they slightly outperformed the main Warsaw equities index, closing up (+0.55%) for the day with gains in energy, agriculture and metals/mining names driving the movement.  From a market depth standpoint, the highest trading volumes occurred in Westa International Scientific Group (2,053,658 shares) and Kernel (34,495 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): 44550.12 (+0.44%)

WSE WIG-Ukraine Index (total return index for Ukrainian listed companies):  714.70 (+0.55%) 

Ovostar Union NV (OVO PW):  99.80 (-0.20%)

Kernel Holding SA (KER PW):  65.20 (+2.68%)

Agroton Public Limited (AGT PW):  11.24 (-2.77%)

Astarta Holding NV (AST PW):  64.90 (-2.77%)

Industrial Milk Co (IMC PW):  16.70 (+7.74%)

KSG Agro SA (KSG PW):  13.50 (-3.23%)

Milkiland (MLK PW):  16.87 (-1.35%)

KDM Shipping Plc (KDM PW):  27.30 (-3.47%)

Coal Energy SA (CLE PW): 16.13 (-0.98%)

Sadovaya Group SA (SGR PW):  4.48 (+0.67%)

Westa Intl Scientific Group (WES PW):  1.28 (+28.00%)

Carbon Trading

ICE daily CER price kept trading in range, dropping to 1.45 EURO (-9.38%).  Folks, there are simply too many carbon credits hitting the market currently and participants know this.  The market is fundamentally long and it's going to stay this way for a while until protective regulatory steps are taken.

Warsaw Market & Carbon Watch - Thursday 18 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 experienced a correction and closed slightly down on the day (-0.20%), against green screens for the European markets (FTSE +0.69%, STOXX +0.86%, CAC +0.76%, DAX +0.25%, IBEX +2.37%) and the U.S. markets (DOW +0.04%, S&P +0.41%, NASDAQ +0.10%).  Looking at Ukrainian equities in particular across the Warsaw Stock Exchange, they performed in line with the main Warsaw equities index, closing slightly down (-0.15%) for the day.  From a market depth standpoint, trading remained a bit light however the highest trading volumes occurred in Westa International Scientific Group (148,081 shares), Kernel (54,194 shares), Milkiland (20,677 shares) and Astarta (15,335 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): 44353.53 (-0.20%)

WSE WIG-Ukraine Index (total return index for Ukrainian listed companies):  710.79 (-0.15%) 

Ovostar Union NV (OVO PW):  100.00 (unch)

Kernel Holding SA (KER PW):  63.50 (+0.16%)

Agroton Public Limited (AGT PW):  11.56 (-3.59%)

Astarta Holding NV (AST PW):  66.75 (-0.37%)

Industrial Milk Co (IMC PW):  15.50 (-0.32%)

KSG Agro SA (KSG PW):  13.95 (-0.21%)

Milkiland (MLK PW):  17.10 (+2.58%)

KDM Shipping Plc (KDM PW):  28.28 (unch)

Coal Energy SA (CLE PW): 16.29 (-0.37%)

Sadovaya Group SA (SGR PW):  4.45 (-4.30%)

Westa Intl Scientific Group (WES PW):  1.00 (unch)

Carbon Trading

ICE daily CER price kept trading in range, gaining slight ground to reach 1.60 EURO (+1.91%).  This was mostly due to technical buying and short squeeze, but it also helped that Moody's retained Spain's debt rating and the Eurozone (home to the largest market for U.N. offsets) thereby experienced positive news.

Warsaw Market & Carbon Watch - Wednesday 17 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 closed green again on the day (+0.89%), in line with similar results on the European markets (FTSE +1.12%, STOXX +2.53%, CAC +2.36%, DAX +1.58%, IBEX +3.41%) and the U.S. markets (DOW +0.95%, S&P +1.03%, NASDAQ +1.21%).  Looking at Ukrainian equities in particular across the Warsaw Stock Exchange, they performed in line with the main index, closing up (+0.54%) for the day, with increases in certain names in the energy, agriculture, metals/mining and food production sectors.  From a market depth standpoint, trading was light however the highest trading volumes occurred in Westa International Scientific Group (162,607 shares), Kernel (113,118 shares) and Astarta (30,550 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): 44441.19 (+0.89%)

WSE WIG-Ukraine Index (total return index for Ukrainian listed companies):  711.84 (+0.54%) 

Ovostar Union NV (OVO PW):  100.00 (unch)

Kernel Holding SA (KER PW):  63.40 (-0.24%)

Agroton Public Limited (AGT PW):  11.99 (-1.32%)

Astarta Holding NV (AST PW):  67.00 (+3.08%)

Industrial Milk Co (IMC PW):  15.55 (unch)

KSG Agro SA (KSG PW):  13.98 (-1.27%)

Milkiland (MLK PW):  16.67 (+0.42%)

KDM Shipping Plc (KDM PW):  28.28 (unch)

Coal Energy SA (CLE PW): 16.35 (-1.51%)

Sadovaya Group SA (SGR PW):  4.65 (+1.09%)

Westa Intl Scientific Group (WES PW):  1.00 (+3.09%)

Carbon Trading

ICE daily CER price returned to range trading and improved to 1.57 EURO (+5.37%).  It was bound to happen after the recent thrashing U.N. offsets have received in the market, but with constant new supply hitting the market between now and the end of the year, and demand satisfied many times over already, one can predict continued cloudiness with more rain.

Warsaw Market & Carbon Watch - Tuesday 16 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 closed green on the day (+0.14%), in line with similar results on the European markets (FTSE +0.21%, STOXX +0.65%, CAC +0.92%, DAX +0.40%, IBEX +0.34%) and the U.S. markets (DOW +0.72%, S&P +0.81%, NASDAQ +0.66%).  Looking at Ukrainian equities in particular across the Warsaw Stock Exchange, they experienced profit taking after the previous day's gains -- closing down (-0.59%) for the day, with decreases in metals/mining, energy, and certain weighted agriculture and food production names.  From a market depth standpoint, trading was light however the highest trading volumes occurred in Westa International Scientific Group (182,403 shares), Sadovaya Group (26,931 shares) and Kernel (10,894 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): 44050.69 (+0.14%)

WSE WIG-Ukraine Index (total return index for Ukrainian listed companies):  707.99 (-0.59%) 

Ovostar Union NV (OVO PW):  100.00 (+2.04%)

Kernel Holding SA (KER PW):  63.55 (-1.47%)

Agroton Public Limited (AGT PW):  12.15 (+1.25%)

Astarta Holding NV (AST PW):  65.00 (unch)

Industrial Milk Co (IMC PW):  15.55 (-0.89%)

KSG Agro SA (KSG PW):  14.16 (-0.21%)

Milkiland (MLK PW):  16.60 (-0.90%)

KDM Shipping Plc (KDM PW):  28.28 (+8.35%)

Coal Energy SA (CLE PW): 16.60 (-1.48%)

Sadovaya Group SA (SGR PW):  4.60 (-1.08%)

Westa Intl Scientific Group (WES PW):  0.97 (-4.90%)

Carbon Trading

ICE daily CER price dropped significantly again as the market still reels from 17.6 million new ERUs hitting the market from Ukraine, closing down at 1.49 EURO (-12.35%).  With no new demand, no regulatory market support decisions in sight, and constant new ERU and CER supply expected to keep 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.

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.

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.

Warsaw Market Watch - Thursday 11 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 closed up on the day (+0.47%), outperforming the European markets (FTSE -0.58%, STOXX -0.63%, CAC -0.50%, DAX -0.41%, IBEX -1.00%) and also the U.S. markets (DOW -0.95%, S&P -0.62%, NASDAQ -0.43%).  Looking at Ukrainian equities in particular across the Warsaw Stock Exchange, they underperformed the main Warsaw index -- and followed the international markets -- closing down (-1.86%) for the day, with gains by Westa (energy), Sadovaya (metals/mining) and KSG (agriculture) being outweighed by corrections across the rest of the board.  From a market depth standpoint, trading remained comparatively light for the second day however the highest trading volumes occurred in Westa International Scientific Group (869,924 shares), Kernel (39,852 shares), Astarta (37,774 shares) and Sadovaya (34,394 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): 44234.24 (+0.47%)

WSE WIG-Ukraine Index (total return index for Ukrainian listed companies):  708.04 (-1.86%) 

Ovostar Union NV (OVO PW):  100.00 (unch)

Kernel Holding SA (KER PW):  63.10 (-1.56%)

Agroton Public Limited (AGT PW):  12.65 (-1.40%)

Astarta Holding NV (AST PW):  65.55 (-2.89%)

Industrial Milk Co (IMC PW):  15.40 (-2.10%)

KSG Agro SA (KSG PW):  14.10 (+0.21%)

Milkiland (MLK PW):  17.00 (-2.58%)

KDM Shipping Plc (KDM PW):  25.00 (unch)

Coal Energy SA (CLE PW): 16.50 (-2.94%)

Sadovaya Group SA (SGR PW):  4.67 (+0.65%)

Westa Intl Scientific Group (WES PW):  1.00 (+5.26%)

Carbon Trading

ICE daily CER price continued its range trading and fell to 1.78 EURO (-7.77%) in the face of current oversupply of carbon credits, more supply anticipated to be entering the market during the final months of 2012, and no regulatory decision in sight to bolster the market.  The market for U.N. offsets now looks like the headless horseman with carbon trading prices being driven by option prices. Expect more of the same until such time that the EU or other international bodies take firm decisions to reduce carbon credit supply, until a post-2012 international emissions trading trading regime is agreed by currently participating countries, or until a major new market such as the United States enters the game.  No quick fix in sight.

Warsaw Market Watch - Wednesday 10 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 performed slightly down for the second straight day (-0.79%), against a backdrop of similar results in the European markets (FTSE -0.54%, STOXX -0.96%, CAC -0.70%, DAX -0.78%, IBEX -1.85%) and in the U.S. markets (DOW -0.81%, S&P -0.99%, NASDAQ -1.52%).  Looking at Ukrainian equities in particular across the Warsaw Stock Exchange, they outperformed in line with the market and closed down (-1.84%) for the day, with red and white screens across the board.  From a market depth standpoint, trading was a touch on the lighter side however the highest trading volumes occurred in Westa International Scientific Group (517,756 shares), Kernel (73,960 shares), Astarta (88,252) and Agroton (71,983 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): 44026.54 (-0.79%)

WSE WIG-Ukraine Index (total return index for Ukrainian listed companies):  721.46 (-1.84%) 

Ovostar Union NV (OVO PW):  100.00 (-0.70%)

Kernel Holding SA (KER PW):  64.10 (-3.61%)

Agroton Public Limited (AGT PW):  12.83 (-0.16%)

Astarta Holding NV (AST PW):  67.50 (-0.37%)

Industrial Milk Co (IMC PW):  15.73 (-0.06%)

KSG Agro SA (KSG PW):  14.07 (-0.71%)

Milkiland (MLK PW):  17.45 (-0.29%)

KDM Shipping Plc (KDM PW):  25.00 (unch)

Coal Energy SA (CLE PW): 17.00 (-2.86%)

Sadovaya Group SA (SGR PW):  4.64 (-0.64%)

Westa Intl Scientific Group (WES PW):  0.95 (-5.00%)

Carbon Trading

ICE daily CER price continued its range trading and fell to 1.93 EURO (-3.02%) on the back of falling energy prices, market oversupply concerns, and general regulatory support anxiety fatigue.  More U.N. offsets are expected to be issued this month -- and for the rest of the year -- from CDM and JI projects as governments and regulatory bodies seem to have taken Mick Jagger's advice to heart "Anything worth doing is worth overdoing."

Warsaw Market Watch - Tuesday 9 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 performed slightly down on the day (-0.33%) with investors taking profits from the previous day's gains, against a backdrop of similar results in the European markets (FTSE -0.50%, STOXX -1.39%, CAC -1.46%, DAX -1.44%, IBEX -0.80%) and in the U.S. markets (DOW -0.19%, S&P -0.35%, NASDAQ -0.76%).  Looking at Ukrainian equities in particular across the Warsaw Stock Exchange, they outperformed in line with the market and closed down (-0.60%) for the day, with gains in certain weighted names in the agriculture sector being outweighed by broader corrections across the board.  From a market depth standpoint, trading was relatively light on the day however the highest trading volumes occurred in Westa International Scientific Group (551,058 shares), Kernel (36,034 shares), and Agroton (31,981 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): 44376.95 (-0.33%)

WSE WIG-Ukraine Index (total return index for Ukrainian listed companies):  735.01 (-0.60%) 

Ovostar Union NV (OVO PW):  100.70 (-0.20%))

Kernel Holding SA (KER PW):  66.50 (+0.15%)

Agroton Public Limited (AGT PW):  12.85 (-2.36%)

Astarta Holding NV (AST PW):  67.75 (-0.73%)

Industrial Milk Co (IMC PW):  15.74 (+0.90%)

KSG Agro SA (KSG PW):  14.17 (-3.61%)

Milkiland (MLK PW):  17.50 (unch)

KDM Shipping Plc (KDM PW):  25.00 (-4.21%)

Coal Energy SA (CLE PW): 17.50 (-2.78%)

Sadovaya Group SA (SGR PW):  4.67 (-2.10%)

Westa Intl Scientific Group (WES PW):  1.00 (-1.96%)

Carbon Trading

ICE daily CER price continued its range trading and nervously kicked off this week with improvement to 1.99 EURO (+5.29%), with low volume and narrowing spreads.  The U.N. offset market is long at this point and economic challenges to growth in the Eurozone -- as well as regulatory steps to maintain the integrity of the Kyoto Protocol carbon credits market -- must be resolved before optimism can be found.

Warsaw Market Watch - Monday 8 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 performed up on the day (+1.56%), generally in line with results in the European markets (FTSE +0.74%, STOXX +1.83%, CAC +1.64%, DAX +1.27%, IBEX +1.81%) and in slight contrast to mixed results in the U.S. markets (DOW +0.26%, S&P -0.03%, NASDAQ -0.42%).  Looking at Ukrainian equities in particular across the Warsaw Stock Exchange, they outperformed in line with the market and closed up (+1.04%) for the day, with gains in certain weighted names in the agriculture and metals/mining sectors driving the movement.  From a market depth standpoint, the highest trading volumes occurred in Westa International Scientific Group (795,224 shares), Kernel (177,769 shares), Sadovaya (182,006 shares), Coal Energy (149,940 shares) and Agroton (55,195 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): 44524.65 (+1.56%)

WSE WIG-Ukraine Index (total return index for Ukrainian listed companies):  739.42 (+1.04%) 

Ovostar Union NV (OVO PW):  100.90 (unch)

Kernel Holding SA (KER PW):  66.40 (+0.61%)

Agroton Public Limited (AGT PW):  13.16 (+6.56%)

Astarta Holding NV (AST PW):  68.25 (+0.74%)

Industrial Milk Co (IMC PW):  15.60 (unch)

KSG Agro SA (KSG PW):  14.70 (+5.00%)

Milkiland (MLK PW):  17.50 (+2.34%)

KDM Shipping Plc (KDM PW):  26.10 (unch)

Coal Energy SA (CLE PW): 18.00 (+0.95%)

Sadovaya Group SA (SGR PW):  4.77 (+4.61%)

Westa Intl Scientific Group (WES PW):  1.02 (-8.93%)

Carbon Trading

ICE daily CER price for carbon rose ever so slightly for the second straight day, closing at 1.89 EURO (+2.16%), with spreads narrowing and a general consensus among traders that the Kyoto Protocol carbon market is long.

Warsaw Market Watch - Friday 5 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 performed slightly down on the day (-0.31%), generally in line with results in the European markets (FTSE +0.03%, STOXX -0.27%, CAC -0.14%, DAX -0.23%, IBEX -0.18%) and in contrast to positive gains in the U.S. markets (DOW +0.60%, S&P +0.72%, NASDAQ +0.45%).  Looking at Ukrainian equities in particular across the Warsaw Stock Exchange, they outperformed the market and closed up (+0.71%) for the day, with gains in certain weighted names in the agriculture and metals/mining sectors driving the outcome.  From a market depth standpoint, the highest trading volumes occurred in Westa International Scientific Group (427,732 shares), Kernel (36,636 shares), Agroton (30,718 shares) and Astarta (26,231 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): 43840.23 (-0.58%)

WSE WIG-Ukraine Index (total return index for Ukrainian listed companies):  731.78 (+0.71%) 

Ovostar Union NV (OVO PW):  10).90 (-0.30%)

Kernel Holding SA (KER PW):  66.00 (+0.76%)

Agroton Public Limited (AGT PW):  12.35 (+8.43%)

Astarta Holding NV (AST PW):  67.75 (-0.37%)

Industrial Milk Co (IMC PW):  15.60 (+1.30%)

KSG Agro SA (KSG PW):  14.00 (-1.41%)

Milkiland (MLK PW):  17.10 (-1.72%)

KDM Shipping Plc (KDM PW):  26.10 (unch)

Coal Energy SA (CLE PW): 17.83 (+3.36%)

Sadovaya Group SA (SGR PW):  4.56 (+3.87%)

Westa Intl Scientific Group (WES PW):  1.12 (-0.88%)

Carbon Trading

ICE daily CER price for carbon climbed slightly on the day, closing at 1.85 EURO (+1.65%), on the back of firm oil prices and news that EU that member states declared they would make carbon credit supply reduction decisions in February 2013 to protect the market from collapse.  Although news of any such decision is a positive development, this decision seems to be getting kicked down the road every time the EU comes near to a deadline.  So carbon prices are likely to remain at low levels for indefinite future until such time that countries agree to support robust market mechanisms and address oversupply. 

Warsaw Market Watch - Thursday 4 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 performed slightly down on the day (-0.31%), against mixed results in the European markets (FTSE +0.28%, STOXX -0.04%, CAC -0.24%, DAX +0.22%, IBEX -0.51%) and positive gains in the U.S. markets (DOW +0.09%, S&P +0.36%, NASDAQ +0.49%).  Looking at Ukrainian equities in particular across the Warsaw Stock Exchange, they performed in line with the market and closed down (-0.67%) for the day, with losses in certain weighted names in the energy and agriculture sectors outweighing other gains in in the agriculture, metals/mining and food production sectors.  From a market depth standpoint, the highest trading volumes occurred in Westa International Scientific Group (1,283,897 shares) and Kernel (62,128 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): 44096.24 (-0.31%)

WSE WIG-Ukraine Index (total return index for Ukrainian listed companies):  726.61 (-0.67%) 

Ovostar Union NV (OVO PW):  101.20 (+0.60%)

Kernel Holding SA (KER PW):  65.50 (-2.46%)

Agroton Public Limited (AGT PW):  11.39 (+0.35%)

Astarta Holding NV (AST PW):  68.00 (+0.07%)

Industrial Milk Co (IMC PW):  15.40 (-1.60%)

KSG Agro SA (KSG PW):  14.20 (+6.77%)

Milkiland (MLK PW):  17.40 (+2.35%)

KDM Shipping Plc (KDM PW):  26.10 (unch)

Coal Energy SA (CLE PW): 17.25 (+0.52%)

Sadovaya Group SA (SGR PW):  4.39 (+0.92%)

Westa Intl Scientific Group (WES PW):  1.13 (-9.60%)

Carbon Trading

ICE daily CER price for carbon fell for the second straight day, closing at 1.82 EURO (-13.74%), on the back of falling energy prices and a general concern that the market may not receive the timely regulatory support it needs to address market length questions. 

Warsaw Market Watch - Wednesday 3 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 performed up on the day (+0.11%), generally better than results in the European markets (FTSE -0.19%, STOXX -0.21%, CAC -0.60%, DAX -0.28%, IBEX +1.07%) and closer to the U.S. markets (DOW -0.24%, S&P +0.09%, NASDAQ +0.21%).  Looking at Ukrainian equities in particular across the Warsaw Stock Exchange, they slightly outperformed the market and closed up (+1.46%) for the day, with gains in certain weighted names in the agriculture, metals/mining, food production, shipping and energy sectors.  From a market depth standpoint, the highest trading volumes occurred in Westa International Scientific Group (1,600,939 shares) and Kernel (64,606 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): 44232.06 (+0.11%)

WSE WIG-Ukraine Index (total return index for Ukrainian listed companies):  731.52 (+1.46%) 

Ovostar Union NV (OVO PW):  100.60 (-0.40%)

Kernel Holding SA (KER PW):  67.15 (+3.23%)

Agroton Public Limited (AGT PW):  11.35 (-0.35%)

Astarta Holding NV (AST PW):  67.95 (unch)

Industrial Milk Co (IMC PW):  15.65 (+4.40%)

KSG Agro SA (KSG PW):  13.30 (-0.30%)

Milkiland (MLK PW):  17.00 (+0.12%)

KDM Shipping Plc (KDM PW):  26.10 (+1.16%)

Coal Energy SA (CLE PW): 17.16 (-1.38%)

Sadovaya Group SA (SGR PW):  4.35 (+1.16%)

Westa Intl Scientific Group (WES PW):  1.25 (+11.61%)

Carbon Trading

ICE daily CER price for carbon experienced a correction, closing at 2.11 EURO (-5.80%), reflecting a market that had gotten slightly ahead of itself during the past 3 weeks while participants wait for an EU decision to address future over-supply in their Emissions Trading Scheme. 

Warsaw Market Watch - Tuesday 2 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 performed up on the day (+1.01%), in line with similar results in the European markets (FTSE +1.37%, STOXX +1.82%, CAC +2.39%, DAX +1.53%, IBEX +0.98%) and most U.S. markets (DOW +0.58%, S&P +0.27%, NASDAQ -0.09%).  Looking at Ukrainian equities in particular across the Warsaw Stock Exchange, they slightly outperformed the market and closed up (+1.25%) for the day, with gains in certain weighted names in the agriculture, metals/mining, food production and energy sectors.  From a market depth standpoint, the highest trading volumes occurred in Westa International Scientific Group (444,510 shares) and Kernel (79,622 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): 44183.21 (+1.01%)

WSE WIG-Ukraine Index (total return index for Ukrainian listed companies):  721.00 (+1.25%) 

Ovostar Union NV (OVO PW):  101.00 (+0.60%)

Kernel Holding SA (KER PW):  65.05 (+0.08%)

Agroton Public Limited (AGT PW):  11.39 (+5.95%)

Astarta Holding NV (AST PW):  67.95 (+1.87%)

Industrial Milk Co (IMC PW):  14.99 (+2.67%)

KSG Agro SA (KSG PW):  13.34 (+0.30%)

Milkiland (MLK PW):  16.98 (-1.57%)

KDM Shipping Plc (KDM PW):  25.80 (unch)

Coal Energy SA (CLE PW): 17.40 (+4.82%)

Sadovaya Group SA (SGR PW):  4.30 (+3.12%)

Westa Intl Scientific Group (WES PW):  1.12 (+3.12%)

Carbon Trading

ICE daily CER price for carbon went back on the positive, closing at 2.24 EURO (+2.28%), at a time when EU registries were closed for upgrades that will allow faster delivery between accounts. 

Warsaw Market Watch - Monday 1 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 performed flat on the day (-0.05%), in line with similar results in the European markets (FTSE -0.65%, STOXX -2.07%, CAC -2.46%, DAX -1.01%, IBEX -1.71%) and the U.S. markets (DOW -0.36%, S&P -0.45%, NASDAQ -0.65%).  Looking at Ukrainian equities in particular across the Warsaw Stock Exchange, they slightly outperformed the market and closed up (+0.28%) for the day, with gains in certain weighted names in the agriculture, food production and metals/mining sectors.  From a market depth standpoint, the highest trading volumes occurred in Westa International Scientific Group (714,445 shares), Astarta (162,752 shares) and Kernel (114,996 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): 43739.81 (-0.05%)

WSE WIG-Ukraine Index (total return index for Ukrainian listed companies):  712.08 (+0.28%) 

Ovostar Union NV (OVO PW):  100.40 (+1.62%)

Kernel Holding SA (KER PW):  65.00 (-0.76%)

Agroton Public Limited (AGT PW):  10.75 (+0.66%)

Astarta Holding NV (AST PW):  66.70 (+1.83%)

Industrial Milk Co (IMC PW):  14.60 (-0.68%)

KSG Agro SA (KSG PW):  13.3) (-0.30%)

Milkiland (MLK PW):  17.25 (unch)

KDM Shipping Plc (KDM PW):  25.80 (unch)

Coal Energy SA (CLE PW): 16.60 (+0.91%)

Sadovaya Group SA (SGR PW):  4.17 (-0.71%)

Westa Intl Scientific Group (WES PW):  1.07 (-1.83%)

Carbon Trading

ICE daily CER price for carbon corrected slightly to 2.19 EURO (-1.79%), after a long winning streak since 15 September.