We use cookies to make sure our website better meets your expectations.
You can adjust your web browser's settings to stop accepting cookies. For further information, read our cookie policy.
SEARCH
IN Warsaw
Exchange Rates
Warsaw Stock Exchange - Indices
The Warsaw Voice » Business » September 16, 2009
MONTH IN REVIEW
You have to be logged in to use the ReadSpeaker utility and listen to a text. It's free-of-charge. Just log in to the site or register if you are not registered user yet.
August Records
September 16, 2009 By A.R.    
Article's tools:
Print

In August, the Warsaw Stock Exchange's main market recorded the highest turnover since the start of this year, at zl.32.3 billion, up from under zl.29 billion in July and just over zl.20 billion in August last year.

August was yet another bullish month on the WSE this year. The exchange's main index, the WIG, gained 7.6 percent, and the WIG20 blue-chip index increased by 3.5 percent.

August marked two years since the first companies were listed on the WSE's NewConnect alternative market, which was established to help finance the development of smaller companies. NewConnect has become one of the most dynamic alternative markets in Europe over the past two years. It boasts the largest number of new listings among all alternative markets in Europe this year. NewConnect is more liquid than other alternative markets in Europe such as Alternext or Dritter Markt.

Over the past two years, small and innovative companies have raised around zl.360 million for development on NewConnect. At the moment, 97 companies are listed on the market, including one foreign company, Photon Energy of the Czech Republic.

A total of 99 companies have entered NewConnect since it was established two years ago. Of this, two companies, Centrum Klima and MW Trade, have moved to the main market. Listed companies have raised around zl.58 million from further share offerings. Capitalization, or the value of all companies listed on NewConnect, is around zl.2 billion.

According to data released by the Federation of European Securities Exchanges (FESE) in early August, the WSE maintained its lead among stock exchanges in Central and Eastern Europe in the first seven months of this year. After the first seven months of the year, the WSE led the way in terms of turnover and capitalization in the region. The capitalization of WSE-listed companies is around 20 percent higher than that of companies listed in Vienna, and turnover on the WSE in the analyzed period was 2 billion euros higher than on the Vienna bourse.
© The Warsaw Voice 2010-2018
E-mail Marketing Powered by SARE