WSE operator GPW expects H2 turnover not lower than in H1
August 31, 2012
The Warsaw Stock Exchange operator GPW met market expectations posting Q2 net profit of PLN 26.7 million, down from 32.9 million last year, CEO Ludwik Sobolewski told a news conference on Thursday but the company expects H2 turnover not to be lower than in H1, 2012.
"I am rather strongly convinced that turnover in the second half of the year will rather not fall in relation to H1," Sobolewski said. "On the one hand there are no macroeconomic signals for which the remaining 2012 months should differ in terms of turnover from H1, but there are signals that foreign investors are starting to be more interested in the WSE."
In H1 2012, the turnover on the WSE main market and on the alternative market NewConnect amounted to PLN 97.8 billion and was 24% lower than a year before.
Foreign investors dominated on the market and generated 46% of the turnover, with 35% generated by domestic financial institutions and 19% by individual investors, research by GPW show.