Investor Activity On GPW Group Markets – March 2022

  • Apr 4, 2022
Investor Activity On GPW Group Markets – March 2022

  • GPW Main Market Electronic Order Book equities turnover value increased by 22.4% YoY to PLN 43.8 billion
  • Index futures turnover volume increased by 50.7% YoY to 985,600 contracts
  • Single-stock futures turnover volume increased by 18.7% YoY to 292,800 contracts
  • Non-Treasury bonds EOB turnover value on Catalyst increased by 305.7% YoY to PLN 878.6 million
  • Bonds turnover value on TBSP increased by 30.2% YoY to PLN 55.4 billion
  • Structured products turnover value increased by 64.8% YoY to PLN 465.1 million
  • ETF turnover value increased by 56.8% to PLN 110.4 million
  • Electricity turnover volume decreased by 24.6% to 13.9 TWh
  • Natural gas turnover volume increased by 1.7% YoY to 10.2 TWh

In March 2022, total equities turnover value on the GPW Main Market was PLN 44.3 billion, representing an 8.3% increase year on year, while Electronic Order Book turnover value increased by 22.4% year on year to PLN 43.8 billion. Average daily Electronic Order Book equities turnover value stood at PLN 1,904.7 million, a 22.4% increase year on year. On the last trading day of March 2022, the WIG index closed at 64,900.36 points, representing an 11.7% increase year on year.

Total March 2022 NewConnect equities turnover value decreased by 61.9% year on year to PLN 319.2 million, while Electronic Order Book equities turnover decreased by 62.0% year on year and stood at PLN 315.6 million.

Total March 2022 derivatives turnover volume was 1,780,000 contracts, representing a 15.8% increase year on year. Index futures turnover volume increased by 50.7% year on year to 985,600 contracts. Single-stock futures turnover volume increased by 18.7% year on year to 292,800 contracts. Currency futures turnover volume decreased by 23.3% year on year to 465,200 contracts.

In March 2022, structured products turnover value increased by 64.8% year on year to PLN 465.1 million. ETF turnover value increased by 56.8% year on year to PLN 110.4 million.

At the end of March 2022, Catalyst listed non-Treasury bond value was PLN 98.3 billion, compared to PLN 102.8 billion at the end of March 2021. In March 2022, turnover value of non-Treasury bonds on Catalyst’s Electronic Order Book increased by 305.7% year on year to PLN 878.6 million.

In March 2022, total TBSP bond turnover value was PLN 55.4 billion, compared to PLN 42.5 billion in March 2021, representing a 30.2% increase year on year.

Total March 2022 electricity turnover volume was 13.9 TWh, representing a 24.6% decrease year on year, where spot transaction turnover volume decreased by 3.4% year on year to 3.1 TWh and forward transaction turnover volume decreased by 29.0% year on year to 10.8 TWh.

Total March 2022 natural gas turnover volume was 10.2 TWh, representing a 1.7% increase year on year, where spot transaction turnover volume decreased by 24.3% year on year to 2.5 TWh and forward transaction turnover volume increased by 14.2% year on year to 7.7 TWh.

Turnover volume of March 2022 spot transactions in property rights to certificates of origin, excluding rights to certificates of energy efficiency (“white certificates”), was 2.5 TWh, representing a 17.2% decrease year on year.

In March 2022, turnover volume of property rights to certificates of origin of energy efficiency (“white certificates”) decreased by 24.3% year on year to 8.6 ktoe.

March 2022 turnover volume in Guarantees of Origin of electricity generated from renewable energy sources increased by 2.7% year on year to 4.9 TWh.

At the end of March 2022, the market capitalisation of 380 domestic companies listed on the Main Market was PLN 656.3 billion (EUR 141.1 billion), while the total market capitalisation of 426 domestic and foreign companies listed on the Main Market was PLN 1,249.6 billion (EUR 268.6 billion).

In March 2022, GPW held 23 trading sessions, the same as in March 2021.

The shares of the company SPYROSOFT were newly listed on the Main Market in March 2022 (transfer from NewConnect).

The shares of the company SDS OPTIC S.A. (offering value: PLN 11 million) were newly listed on NewConnect in March 2022.

The municipal bonds of the Urban Municipality of Mielec (offering value: PLN 58 million), the Municipality of Słupsk (offering value: PLN 13.3 million), and the City of Kielce (offering value: PLN 167.5 million) were newly listed Catalyst in March 2022.

The appendix presents turnover data for the markets operated by GPW.

History of the WSE

On 12 April 1991, the then Ministers of Ownership Transformation and Finance signed the Deed of Incorporation of the joint stock company "Giełda Papierów Wartościowych w Warszawie S.A." Four days later, on the day of the WSE's inaugural session, shares of five companies were traded and the turnover amounted to PLN 1990. Since 2018, the WSE has been classified as one of the 25 developed markets by the FTSE Russell agency. The history of the capital market on Polish soil dates back to the early 19th century. The first in Poland and one of the few in Europe, the Merchant Exchange, was established in Warsaw on 2 May 1817, soon became the largest market in Tsarist Russia, responsible for 5-6% of global securities trading. A thriving stock exchange, accounting for 90% of the domestic turnover, also operated in Warsaw in the interwar period. After the period of the People's Republic of Poland and the planned economy, it was not until 1989, with the political and economic transformation, that the Polish capital market was able to develop again.

Stock exchange today

The average EoB equity daily trading volume on the WSE was PLN 1,904.7 million in March 2022. The Main Market listed 426 companies (380 domestic and 46 foreign) and the NewConnect market listed 381 companies (377 domestic and 4 foreign) at the end of March 2022. In 2021, the WSE Group generated record sales of PLN 407.6 million, EBITDA of PLN 215.2 million and one of the highest ever net profits of over PLN 161.3 million.

WSE position in the region

The WSE is the leader among stock exchanges in Central and Eastern Europe by the number of listed companies and the total capitalisation of domestic companies. The WSE's share in trading on stock exchanges in the region is 81%. The WSE leads the initiative of the Three Seas Stock Exchanges and aspires to the role of a regional hub for young technological companies with huge potential, the so-called unicorns. Negotiations are currently underway for the WSE to acquire a majority stake in the Armenian Exchange.The Warsaw Stock Exchange Group (GPW Group) operates trading platforms for shares, Treasury and corporate bonds, derivatives, electricity and gas, and provides indices and benchmarks including WIBOR and WIBID. The index agent FTSE Russell classifies the Polish capital market as a Developed Market since 2018. The markets operated by the GPW Group are the biggest in Central and Eastern Europe. For more information, visit www.gpw.pl