- The highest monthly value of trading in shares, volume of trading in index contracts and options in 2012 reported in March;
- The total value of trading in shares on the Main Market in Q1 2012 (PLN 59.3 billion) decreased by 12.6% year on year;
- A growing value of trading on the WSE debt markets: Catalyst (session trading) and Treasury BondSpot Poland (cash transactions) reported the highest monthly and quarterly turnover;
- The monthly volume of spot transactions on the WSE electricity markets reached 1.77 TWh as compared to 1.84 TWh in March 2011;
- The highest ever quarterly volume of transactions in property rights for certificates issued under certificates of origin for energy
The Warsaw Stock Exchange publishes March turnover data for the markets operated by the WSE Group.
Shares 1)
Main Market
The value of session trading was PLN 19.2 billion in March 2012, as compared to PLN 23.8 billion in March 2011. The value of session trading in January-March 2012 at PLN 54.9 billion decreased by 14.0% year on year. Market activity as measured by the number of session transactions decreased year on year both in March and year to date and stood at 1.18 million and 3.51 million transactions, respectively.
The WIG index lost 15.3% year on year and gained 9.8% year to date at the end of March 2012.
NewConnect
The value of session trading was PLN 194.8 million in March 2012, an increase of 29.3% compared to PLN 150.6 million in March 2011. The number of session transactions increased to 93.4 thousand in March 2012 from 83.6 thousand in March 2011. The incremental value of session trading year to date was PLN 480.0 million in Q1 2012, as compared to PLN 562.9 million in January-March 2011.
The NCIndex lost 26.9% year on year and gained 2.3% year to date at the end of March 2012.
Derivative instruments
Futures contracts: The monthly volume of trading in index futures was 0.9 million contracts in March 2012, less than 1.4 million in March 2011. The incremental volume of trading year to date was 2.4 million, as compared to 3.5 million a year earlier. The volume of trading in single-stock futures (51.1 thousand) was lower than in March 2011 (70.6 thousand). The volume of trading in currency futures continued to grow very dynamically. Trading in currency futures grew by 38.9% year on year to 17.2 thousand in March 2012. The volume of trading in currency futures year to date was over 57.5 thousand, an increase of 95.6% year on year.
Options: The volume of trading in index options was 64.3 thousand in March 2012, the highest in 2012; by comparison, it was 121.7 thousand in March 2011. The incremental volume of trading year to date was 142.8 thousand, as compared to 272.5 thousand a year earlier.
Structured products, investment certificates and ETF
Structured products and investment certificates: The value of trading in structured products and investment certificates was over PLN 20.0 million (structured products: PLN 15.2 million; investment certificates: PLN 5.0 million). The value of trading in March 2011 was PLN 30.6 million and PLN 18.5 million, respectively.
ETF: The value of trading in ETFs was PLN 20.4 million in March 2012, as compared to PLN 27.3 million in March 2011. The incremental value of trading in ETFs was almost PLN 90 million year to date, an increase of 32.8% compared to Q1 2011.
Debt instruments
Catalyst
In March and in Q1 2012, Catalyst reported the highest value of session trading in debt instruments since the market opened in September 2009. The trading value was mainly driven by transactions in Bank Gospodarstwa Krajowego bonds. The monthly value of session trading was PLN 380.5 million, growing nearly four-fold year on year; session trading in Q1 2012 was PLN 580.0 million (an increase of 97.3% compared to Q1 2011).
The nominal value of listed instruments (corporate, municipal and mortgage bonds) was PLN 41.0 billion at the end of March 2012, an increase of 68.2% year on year. The number of transactions in March (close to 3.3 thousand) increased 18.7% year on year.
Treasury BondSpot Poland
Both in March and in Q1 2012, Treasury BondSpot Poland reported the highest value of cash transactions since the market opened. The monthly trading value was PLN 45.9 billion (an increase of 16.0% year on year) and the quarterly trading value was over PLN 118 billion, an increase of 40.7% compared to the previous record in Q4 2011. The value of conditional transactions in January-March 2012 decreased by 18.4% year on year and stood at PLN 143.7 billion.
Electricity and property rights for certificates issued under certificates of origin for energy 2)
Electricity – spot transactions on the WSE Group electricity markets reached 1.77 TWh in March 2012, as compared to 1.84 TWh in March 2011. Forward transactions reached 4.80 TWh, less than in March 2011 (9.35 TWh). Spot transactions year to date reached 5.69 TWh, an increase of 9.9% year on year.
Property rights – the monthly volume of transactions in property rights reached 5.21 TWh, as compared to 7.26 TWh a year earlier. The trading volume year to date increased by 2.0% and reached 18.18 TWh, the highest quarterly figure reported by the market.
The WSE held 22 trading sessions in March 2012, one less than in March 2011.
1) – transactions in shares, allotment certificates and subscription rights
2) – transactions on poee WSE EM and the Polish Power Exchange. The WSE acquired a majority stake in the Polish Power Exchange on 24 February 2012