Warsaw Market & Carbon Watch - Thursday 7 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 down (-1.13%), in line with mostly red screens across the main European markets (FTSE +0.20%, STOXX -1.28%, CAC -1.40%, DAX -1.09%, IBEX -0.46%) and U.S. markets (DOW +0.05%, S&P +0.05%, NASDAQ -0.10%).  Looking at Ukrainian equities in particular across the Warsaw Stock Exchange, their index tracked the main Warsaw equities index, closing in negative territory (-0.89%) with gains in Astarta unable to compensate for an otherwise sluggish day.  From a market depth standpoint, the highest trading volumes occurred in Sadovaya (110,405 shares), Kernel (99,025 shares) and Milkiland (60,591 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): 46149.141 (-1.13%)

WSE WIG-Ukraine Index (total return index for Ukrainian listed companies):  684.73 (-0.89%) 

Ovostar Union NV (OVO PW):  97.85 (-2.15%)

Kernel Holding SA (KER PW):  64.70 (-1.97%)

Agroton Public Limited (AGT PW):  11.10 (-0.45%)

Astarta Holding NV (AST PW):  64.20 (+1.10%)

Industrial Milk Co (IMC PW):  15.75 (-0.38%)

KSG Agro SA (KSG PW):  13.09 (-0.38%)

Milkiland (MLK PW):  15.25 (-2.24%)

KDM Shipping Plc (KDM PW):  25.50 (-4.85%)

Coal Energy SA (CLE PW): 12.99 (-0.69%)

Sadovaya Group SA (SGR PW):  1.81 (-2.16%)

Westa Intl Scientific Group (WES PW):  0.69 (unch%)

Carbon Trading

The ICE daily CER continued to trade in range and grew 1 Eurocent to 0.13 EURO (+8.33%).  ERUs are trading around 50% of this price with virtually no volume in carbon credits trading on the exchange.  EU carbon fell 3.6% with clear oversupply weighing down a recent rally.  All eyes appear to be on what happens between now and 2020 particularly in North America and Asia. In the meantime the EU carbon market soldiers on but barely.

Warsaw Market & Carbon Watch - Wednesday 6 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 (+0.25%), in line with gains across the main European markets (FTSE +0.58%, STOXX +0.99%, CAC +0.95%, DAX +0.35%, IBEX +2.20%) and U.S. markets (DOW +0.71%, S&P +1.04%, NASDAQ +1.29%).  Looking at Ukrainian equities in particular across the Warsaw Stock Exchange, their index tracked the main Warsaw equities index, closing in positive territory (+0.08%) with gains in KSG Agro, Ovostar, IMC and Coal Energy.  From a market depth standpoint, the highest trading volumes occurred in Sadovaya (94,605 shares) and Kernel (54,377 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): 46674.781 (+0.25%)

WSE WIG-Ukraine Index (total return index for Ukrainian listed companies):  690.91 (+0.08%) 

Ovostar Union NV (OVO PW):  100.00 (+1.01%)

Kernel Holding SA (KER PW):  66.00 (-0.15%)

Agroton Public Limited (AGT PW):  11.15 (-0.45%)

Astarta Holding NV (AST PW):  63.50 (unch%)

Industrial Milk Co (IMC PW):  15.81 (+0.70%)

KSG Agro SA (KSG PW):  13.14 (+1.08%)

Milkiland (MLK PW):  15.60 (unch%)

KDM Shipping Plc (KDM PW):  26.80 (unch%)

Coal Energy SA (CLE PW): 13.08 (+0.23%)

Sadovaya Group SA (SGR PW):  1.85 (-2.12%)

Westa Intl Scientific Group (WES PW):  0.69 (unch%)

Carbon Trading

The ICE daily CER fell 1 Eurocent to 0.12 EURO (-7.69%).  ERUs are trading around 50% of this price with virtually no volume in carbon credits trading on the exchange.  All eyes appear to be on what happens between now and 2020 particularly in North America and Asia. The EU carbon market proceeds like a brave but tired and wounded soldier, waiting for reinforcements to arrive.

Warsaw Market & Carbon Watch - Tuesday 5 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 down (-0.83%), in line with red screens across the main European markets (FTSE -1.58%, STOXX -3.13%, CAC -3.01%, DAX -2.49%, IBEX -3.77%) and U.S. markets (DOW -0.93%, S&P -1.15%, NASDAQ -1.51%).  Looking at Ukrainian equities in particular across the Warsaw Stock Exchange, their index tracked the main Warsaw equities index, closing down (-2.19%) with gains in Agroton, KDM Shipping, Westa, Milkiland and IMC unable to carry the day.  From a market depth standpoint, the highest trading volumes occurred in IMC (90,352 shares), Sadovaya (57,589 shares) and Kernel (55,764 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): 46556.551 (-0.83%)

WSE WIG-Ukraine Index (total return index for Ukrainian listed companies):  690.38 (-2.19%) 

Ovostar Union NV (OVO PW):  99.00 (-1.00%)

Kernel Holding SA (KER PW):  66.10 (-3.36%)

Agroton Public Limited (AGT PW):  11.20 (+5.66%)

Astarta Holding NV (AST PW):  63.50 (-2.31%)

Industrial Milk Co (IMC PW):  15.70 (+0.32%)

KSG Agro SA (KSG PW):  13.00 (-2.55%)

Milkiland (MLK PW):  15.60 (+0.65%)

KDM Shipping Plc (KDM PW):  26.80 (+5.10%)

Coal Energy SA (CLE PW): 13.05 (-6.38%)

Sadovaya Group SA (SGR PW):  1.89 (-1.56%)

Westa Intl Scientific Group (WES PW):  0.69 (+2.99%)

Carbon Trading

The ICE daily CER improved 2 Eurocents to 0.13 EURO (-27.78% YTD).  ERUs are trading around 50% of this price with virtually no volume in carbon credits trading on the exchange.  The United Nations recently stated that it lacked funds to undertake the first round of climate change treaty negotiations in 2015, which sort of sums of the market as a whole currently.  On the other hand, departing EPA chief Linda Jackson stated that President Barack Obama was serious about tackling the problem of greenhouse gas emissions in the USA.  Under current carbon market conditions anything optimistic coming from the USA is welcome and newsworthy.