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The Warsaw Voice » Business » November 18, 2009
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Sweet October
November 18, 2009 By A.R.    
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The Warsaw Stock Exchange (WSE) regained more ground in October, its WIG broad-market index going up by 2.6 percent and the WIG20 blue-chip index gaining 3.8 percent. Between January and the end of October, the WIG recovered a whopping 41.1 percent and the WIG20 rose by 27.1 percent.

The food, telecommunications and banking sectors were among the top gainers in October, their subindices rising by 5.6 percent to 7.3 percent. On the other hand, companies from the IT and media sectors recorded the sharpest drops, each losing almost 5 percent.

In October, five new companies were listed on the WSE's equity markets and two corporate bond issues were launched on the Catalyst bond market, which started to operate Sept. 30. Of special note was a zl.2.6 billion issue launched by Bank Gospodarstwa Krajowego for the National Road Fund.

Arctic Paper, whose core business is in the production and sale of paper, hit the WSE's main market. Arctic Paper makes many types of uncoated wood-free paper and uncoated wood-containing paper, delivering it to paper warehouses, printing houses, and end consumers in the publishing and advertising industries.

Another company floated on the WSE's main market in October was Asseco South Eastern Europe. Asseco SEE is the largest software and IT service provider in Southern and Eastern Europe in terms of revenue. The group provides products and services intended for the banking sector, in particular services connected with ATMs and payment terminals, in addition to services for the telecommunications sector. The group operates in Romania, Albania, Bulgaria and the former Yugoslavia-Bosnia and Herzegovina, Croatia, Montenegro, Macedonia, Serbia and Slovenia.

In the first nine months of the year, the WSE ranked second in Europe in terms of the number of IPOs and third in terms of IPO value, according to the latest IPO Watch Europe report published by PricewaterhouseCoopers analysts in October. The WSE was the unquestioned leader in Central and Eastern Europe. The number of IPOs on the WSE's two equity markets totaled 22 in the first three quarters of the year. A larger number of new companies, 23, were only listed in this period on exchanges operated in Europe by the NYSE Euronext alliance.

With six main-market debuts, the WSE topped the league table of European regulated floors. The regulated markets of LSE and NASDAQ OMX tied in second place, each with four debuts. A total of 16 companies were floated on the WSE's NewConnect market in the first three quarters of the year. This marked the second best result on European alternative markets after NYSE Euronext, where 22 new companies were listed. The total value of IPOs on the WSE's two equity markets reached 140 million euros, the third highest figure in Europe.
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