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.

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.

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.