- The total monthly value of trading in shares in February 2012 (PLN 21.3 billion) increased by 4.3% year on year, the value of session trading (PLN 18.0 billion) decreased by 8.8% year on year
- The number of session transactions was 1.24 million in February 2012 as compared to 1.22 million in February 2011 (an increase of 1.9%)
- With a volume of trading in derivatives at 0.8 million (1.0 million a year earlier), the WSE reported a significant increase of the number of open interest in index futures, single-stock futures and currency futures year on year
- The volume of trading in currency futures increased by 160% year on year and reached 21.6 thousand
The Warsaw Stock Exchange publishes February turnover data for the markets operated by the WSE Group.
Shares 1)
Main Market
The value of session trading was PLN 18.0 billion in February 2012, lower than PLN 19.7 billion in February 2011. The value of session trading in January-February 2012 (PLN 35.7 billion) decreased by 10.7% year on year. Market activity as measured by the number of session transactions increased modestly year on year both in February and year to date and stood at 1.24 million and 2.33 million transactions.
The total monthly turnover increased by 4.3% to PLN 21.3 billion v. PLN 20.4 billion in February 2011, and turnover year to date decreased by 5.8% to PLN 39.5 billion. The value of block trades in February was nearly four times higher than in February 2011 and reached PLN 3.3 billion with a significant contribution of trading in shares of one company (PGE), whose value reached PLN 2.8 billion.
The WIG index lost 12.6% year on year and gained 10.5% year to date at the end of February 2012.
NewConnect
The value of session trading was PLN 167.5 million in February 2012, an increase of 6.2% compared to PLN 157.8 million in February 2011. The number of session transactions increased to 96.6 thousand in February 2012 from 90.2 thousand in February 2011. The incremental value of session trading year to date was PLN 237.2 million, as compared to PLN 375.8 million in January-February 2011.
The NCIndex lost 27.0% year on year and gained 2.8% year to date at the end of February 2012.
Derivative instruments
Futures contracts: The monthly volume of trading in index futures was 0.7 million contracts in February 2012, less than 0.9 million in February 2011, while the number of open interest increased by 33.7% to 132.6 thousand. The incremental volume of trading year to date was 1.5 million, as compared to 2.1 million a year earlier. The volume of trading in single-stock futures (43.2 thousand) was lower than a year earlier (47.8 thousand). The volume of trading in currency futures grew by 160.0% year on year to 21.6 thousand in February 2012. The volume of trading in currency futures year to date was over 40.3 thousand, an increase of 136.8% year on year.
As the number of open interest in index futures increased, so did the number of open interest in single-stock futures and currency futures. The number of open interest at the end of February 2012 was, respectively, 12.4 thousand (an increase of 32.3% year on year) and 3.6 thousand (an increase of 44.6%).
Options: The volume of trading in options was 43.1 thousand in February 2012, as compared to 64.1 thousand in February 2011. The incremental volume of trading year to date was 78.5 thousand, as compared to 150.8 thousand a year earlier.
Structured products, investment certificates and ETF
Structured products and investment certificates: The value of trading in investment certificates and structured products was over PLN 16 million (structured products: PLN 11.6 million; investment certificates: PLN 4.9 million); the incremental value of trading year to date was over PLN 38.0 million. The value of trading in February 2011 was PLN 16.8 million and PLN 15.5 million, respectively.
ETF: The value of trading in ETFs was PLN 40.1 million in February 2012 and more than doubled year on year; as a result, the WSE reported the second highest-ever monthly value of trading in ETFs after August 2011 (PLN 44.9 million).
Fixed-income instruments
Catalyst
The value of listed bond issues (corporate, municipal and mortgage bonds) was PLN 40.1 billion at the end of February 2012, an increase of 78.6% year on year. The number of transactions was close to 4.0 thousand, an increase of 74.4% year on year. The value of session trading in February was stable year on year; the incremental value of trading year to date increased by 13.2% to PLN 244.3 million from PLN 215.8 million in January-February 2011.
Treasury BondSpot Poland
Two months into the year, the value of cash transactions on Treasury BondSpot Poland continued to increase dynamically year on year. The trading value was PLN 32.3 billion in February (an increase of 65.4% year on year) and PLN 72.4 billion year to date (an increase of 122.5%). The value of conditional transactions in January-February 2012 decreased by 11.2% year on year and reached PLN 91.4 billion.
The WSE held 21 trading sessions in February 2012, one more than in February 2011.
1) - transactions in shares, allotment certificates and subscription rights