Newsletter

WSE NEWSLETTERNO. 139 (300) - 10.09.2013

Strona 1

WEEK AT A GLANCE02.09.2013 - 06.09.2013

WSE Main List

Session turnover (shares, rights to shares) 6,160 mln z

Closing value 1 034 pts

Weekly change -6.09 %

TOP3 Gainers

Company Closingprice(z)

Change(%)

Tradingvalue

(mln z)


Change(%)

Tradingvalue

(mln z)

TAURONPETAURONPE 4.22 -1.4 67.72

SYNTHOSSYNTHOS 4.4 -0.68 34.94

KERNELKERNEL 47.2 -0.42 38.54

TOP3 Losers


Change(%)

Tradingvalue

(mln z)


Change(%)

Tradingvalue

(mln z)

EUROCASHEUROCASH 45.49 -12.35 189.71

GTCGTC 6.75 -12.34 22.48

PZUPZU 399.9 -8.69 686.06

More quotations +



TOP3 Gainers


Change(%)

Tradingvalue

(mln z)


Change(%)

Tradingvalue

(mln z)

TVNTVN 13.15 9.58 17.48

GETINOBLEGETINOBLE 2.25 8.7 19.92

IDMSAIDMSA 0.13 8.33 3.82

TOP3 Losers


Change(%)

Tradingvalue

(mln z)


Change(%)

Tradingvalue

(mln z)

POLIMEXMSPOLIMEXMS 0.11 -26.67 14.13

PETROLINVPETROLINV 0.16 -23.81 13.15

INGBSKINGBSK 99.99 -5.85 28.77

More quotations +



TOP3 Gainers


Change(%)

Tradingvalue

(mln z)


Change(%)

Tradingvalue

(mln z)

GANTGANT 1.63 20.74 14.82

MERCORMERCOR 19.5 11.75 2.03

LCCORPLCCORP 1.52 8.57 3.59

TOP3 Losers


Change(%)

Tradingvalue

(mln z)


Change(%)

Tradingvalue

(mln z)

URSUSURSUS 1.78 -21.24 3.62

PLAZACNTRPLAZACNTR 1.18 -15.71 0.42

ELBUDOWAELBUDOWA 134 -11.26 14.99

More quotations +

NewConnect More quotations +

NCIndex closing value 311,95 pts

Weekly change - 0,20 %

Session turnover (shares, rights toshares)

24.75 mln z

Top weekly trading value


Change(%)

Tradingvalue

(mln z)


Change(%)

Tradingvalue

(mln z)

SYNEKTIKSYNEKTIK 13.5 3.85 3.76

ZWGZWG 6.67 -1.48 2.61

ELEMENTALELEMENTAL 2.57 0.39 1.98

Derivative Instruments More quotations +

Instrument Trading volume(pcs.)

Open interest(pcs.)

Instrument Trading volume(pcs.)

Open interest(pcs.)

FuturesFutures 402,667 189,529

OptionsOptions 189,529 77,427

Structured products More quotations +


Instrument Closingprice(z)

Change(%)

Tradingvalue

(mln z)


Change(%)

Tradingvalue

(mln z)

GNLM90215GNLM90215 92.27 0.68 0.06

BZPPL1013BZPPL1013 111 -0.45 0.04

GNLM71214GNLM71214 93.49 1.31 0.03

Catalyst More quotations +



Change(%)

Tradingvalue

(mln z)


Change(%)

Tradingvalue

(mln z)

GNB0518GNB0518 100.5 -0.2 1.57

GNB0819GNB0819 100.8 0 0.59

PKN0617PKN0617 100.5 0.09 0.56

Excluding treasury bonds and BondSpot market.

poee WSE Energy Market More quotations +

Market TurnoverMarket Turnover

The electricity was delisted as of 30 March 2013 in case ofthe Daily-Hourly Electricity Market (WSE ELM), and uponthe end of 31 March 2013, in case of the ForwardElectricity Market (WSE EFM)

DEBUTS

Recent new listings

6.9.2013AIRON INVESTMENT SA - Catalyst AIRON INVESTMENT SA is the 172nd issuer of debtsecurities listed on Catalyst and the 30th new listing on themarket in 2013. Airon Investment S.A. operates in thesector of precision metal processing and specialises inlaser cutting, bending and welding of steel elements andmetal structures. The company uses both raw materialsprovided by customers and raw materials sourced directlyby the issuer to offer finished components to customers.The company operates from a production facility situatedwithin the Bydgoszcz Industry and Technology Park(Pomeranian Special Economic Zone).

6.9.2013INVISTA SA - Main Market INVISTA SA is the 443rd company listed on the MainMarket, the 13th new listing on the market in 2013 and the23rd company to transfer from NewConnect to the WSEmain market. The company's business model is similar tothat of an investment fund. The issuer has not disclosed itspotential investment targets as it aims to flexibly adjust itsinvestment plans to projects available on the market.

Upcoming debuts

Uniserv Piecbud Sp. z o.o.Uniserv Piecbud Sp. z o.o. 2013-09-12 10:30

Nanotel SANanotel SA 2013-09-13 10:30

Debuts date and time may change. Internet broadcasts:http://gpwmedia.pl/

WSE - A LISTED COMPANYWSE shares, weekly closing price 36.74 z

Weekly change 0.25 %

Investor relations

UPCOMING EVENTS28.8.2013Securities Broker Course31 August - 29 SeptemberThe 5th edition of the course includes mainly workshopswith a strong emphasis on the key practical aspects. Thecourse takes place on four weekends in September andprovides comprehensive preparation for the examinationorganised by the Polish Financial Supervision Authority(KNF) this autumn.

CONTACTPublic Relations Office

tel. +48 22 537 74 [email protected]

This newsletter serves only information purposes. Information provided do not constitute a solicitation to buy or sell securities or other financial instruments. Theinformation is not an investment advice or a solicitation of services.


Strona 2

10.9.2013Conference: "Investing and Trading in CEE"On 10 September a conference will take place at theWarsaw Stock Exchange titled "Investing and Trading inCEE". The conference is organized by WM Datenservice inconjunction with the Warsaw Stock Exchange, BloombergPolarLake (Ireland), S&P Dow Jones Indices (UK),and Brsen-Zeitung (Germany). Speakers at theconference include leading experts in capital markets andinvestment, who will talk about current issues relating tosuch areas as regulatory changes, data management,index and investment funds, and investing in shares andbonds. The conference will provide an opportunity for anexchange of views concerning the latest strategies incapital markets, and for discussion about the challengesfaced within the sector and about possible regulatorychanges. The languages of the conference will be Polishand English. Attendance at the conference is free, butregistration is necessary.

16.9.20131st Global Life Sciences Conference in WarsawThe first "Global Life Sciences Conference in Warsaw" willtake place in Warsaw, Poland on September 16-17. Therapidly accelerating pace of discovery and innovation in thelife sciences are creating new and exciting investmentopportunities. Warsaw, the financial capital of Central andEastern Europe, is a major locus of life science investment.Promising young regional companies as well as promisingglobal companies look to Warsaw for investors. OnSeptember 16-17, some of the Central and EasternEuropean leading life science institutional investors, fundmanagers and analysts will gather in Warsaw to discussand assess new investment opportunities. A number ofpromising companies will discuss their innovations,progress and future opportunities. Warsaw StockExchange, Trading Floor, Ksica 4, Warsaw, Poland.

17.9.2013Training: Financial statements misrepresentationmethods, or, How not to fall victim to creativeaccounting?The training outlines several dozen most popular methodsof creative accounting, both relatively simple and muchmore advanced ones, that companies resort to in order tomisrepresent (most typically, to overstate) the carryingvalue of assets, equity, revenue and profits; and presents(through several dozen case studies) the indicators ofinferior credibility of financial statements identifiable in thebalance sheet, the profit and loss account, and the notes tofinancial statements.

17.9.2013

24.9.2013Training: New investment fund regulations:compliance, risk management, internal auditThe training is dedicated to investment fund risk managers,compliance officers and internal auditors, investmentofficers, management board members and seniormanagers.The goal of the training is to introduce the participants tothe practical implementation of UCITS IV and the amendedimplementing regulations to the Polish investment fund lawwithin investment fund companies.

26.9.2013Training: Effective debt enforcement andmanagementThe training is addressed to entrepreneurs, debtenforcement officers and legal staff, as well as owners ofcompanies coping with effective debt enforcement issues.

27.9.2013Training: Disclosure obligations of companieslisted on NewConnectThe training is mainly addressed to reporting officersresponsible for compliance with the legal disclosurerequirements binding on companies listed on NewConnect.The detailed issues covered include: summary ofamendments to NewConnect regulations, materialinformation and confidential information, current andperiodical reports, legal provisions, case studies, andpenalties under the law.

30.9.2013

30.9.2013Polish Enterprise Teachers' ConferenceOn 30 September 2013 the Polish Enterprise Teachers'Conference will take place, under the title "How to investsafely on the capital market". The conference is organizedby the Lesaw A. Paga 2065 Foundation, and its patronsare the Warsaw Stock Exchange and the National Bank ofPoland. The meeting is intended for teachers of enterpriseand economic education in high schools and equivalent.Participants will have the opportunity to learn about issuesconcerning the current situation on the financial market,including new solutions introduced on the Warsawexchange to enable investors to realize their strategiesmore effectively (the UTP transaction system, new indices),and about rules enabling limitation of the risk associatedwith investment decisions. Participation in the conference isfree of charge, and participants will receive a certificate ofattendance. Applications to attend the conference must bereceived by 26 September 2013. The number of places islimited.

3.10.20136th Annual FOW Derivatives World CentralEastern Europe On 3 October 2013, FOW in partnership with WSE, willbring together the people who are leading the derivativesindustry in CEE for a day of discussion, debate andnetworking in Warsaw. The event focuses on Poland, thehub of the region's markets, but also incorporates othergrowth areas in CEE.

NEWS AND PAST EVENTS2.9.2013Trading on the WSE: August 2013 - PRESSRELEASE: TRADING ON WSE MARKETS- The value of session trading in equities on the MainMarket was PLN 17.2 billion in August 2013, an increase of19.8% year on year.- The incremental value of total trading in equities on theMain Market was PLN 171.5 billion in January-August2013, an increase of 23.0% year on year.- The total volume of trading in index futures decreased by1.0% year on year to 552.0 thousand contracts in August2013.- The total volume of trading in currency futures more thandoubled to 286.3 thousand contracts in August 2013compared to 104.8 thousand contracts in August 2012.- The incremental volume of spot and forward transactionsin electricity reached 104.7 TWh year to date, an increaseby 69.8% year on year.- The monthly volume of trading in property rights was 1.6TWh in August 2013, a decrease of 52.1% year on year.- The aggregate volume of spot and forward transactions innatural gas was 48.4 GWh in August 2013 while theincremental volume was 580.5 GWh year to date.

More +

2.9.2013Warsaw Stock Exchange to offer co-locationservices - High Performance Access (HPA) -PRESS RELEASE- From 2 September 2013, WSE members, their clients anddata vendors will be able to access co-location servicesand have rapid access to the UTP system Performance Access- HPA enables WSE members and information distributorsto co-locate hardware and software in the immediatevicinity of the WSE trading system, minimizing orderroundtrip latency and reducing execution risk

More +

4.9.2013Derivatives Market in August 2013. - PRESSRELEASE- The volume of trading in all derivatives was 0.97 minstruments in August 2013.- The number of open interest was 269 thousand at the endof August 2013.

More +

5.9.2013

MACROSUMMARY

Poland

The headline HSBC Poland Manufacturing PMIrose to 52.6pts in August The headline HSBC Poland Manufacturing PMI rose to52.6pts in August from 51.1pts a month earlier, Markit, thefirm that compiles the index, has reported. Marketconsensus was 51.7pts.





Strona 3

The economic crisis in Poland has ended and wemay expect GDP growth to accelerate to over2.0% y/y in Q4/2013 and further to 3.0% y/y inQ1/2014 The economic crisis in Poland has ended and we mayexpect GDP growth to accelerate to over 2.0% y/y inQ4/2013 and further to 3.0% y/y in Q1/2014 (from 0.8% inQ2/2013), PM Donald Tusk has announced. According tohim, in the whole year, economic growth may be higherthan 1.5% y/y, written in the budget law (vs. 1.9% in 2012).

The government has proposed to transfer thebond assets allocated by open pension funds(OFEs) to the state agency - the Social SecurityBoard (ZUS). The state does not want to take over the equity part of theirportfolios.

The Council assesses that the rates shouldremain unchanged at least by the end of the yearThe Council assesses that the rates should remainunchanged at least by the end of the year (upholding itsstance from a month earlier).

The Monetary Policy Council (RPP) has adopted"Monetary Policy Guidelines for 2014."In this document, the RPP retained the inflation target (at2.5% +/-1pp).

Although the government-proposed changes tothe pension fund system will hurt domesticcapital market liquidityAlthough the government-proposed changes to the pensionfund system will hurt domestic capital market liquidity andincrease the government's pension-related contingentliabilities, government finances will benefit in the short-term,Moody's Investors Service has announced.

World

Final Eurozone Manufacturing Business ActivityIndex amounted to 51.4pts in August, up from50.3pts in July. Market consensus was 51.3pts, in line with Markit's flashestimate.

Final Eurozone Services Business Activity Indexamounted to 50.7pts in August, up from 49.8pts inJuly. Market consensus was 51.0pts, in line with Markit's flashestimate.

Seasonally-adjusted retail sales in the euro-zonerose by 0.1% m/m in July. In EU27, they were upby 0.2% m/m. Market consensus for the euro-zone was a rise of 0.4%m/m. In annual terms, retail sales fell by 1.3% in theeuro-zone and by 0.3% in EU27. Market consensus for theeuro-zone was a drop of 0.4% y/y.

Seasonally-adjusted GDP growth in Q2/2013amounted to 0.3% q/q in the euro-zone, while inthe entire EU - to 0.4%, according to the secondestimate.Market consensus was +0.3pts, in line with Eurostat's flashestimate. In annual terms, GDP fell by 0.5% in theeuro-zone amd was unchanged in the EU (vs. -1.0% and-0.2% in the flash estimate). Market consensus was a dropof 0.7%.

The U.S. non-farm unemployment rate in Augustamounted to 7.3% vs. 7.4% a month earlier. Market consensus was 7.4%. Total nonfarm payrollemployment increased by 169,000 in August. Marketconsensus was 173-180 thousand.

The U.S. Non-Manufacturing ISM Index amountedto 58.6% in AugustThe U.S. Non-Manufacturing ISM Index amounted to58.6% in August vs. 56.0% a month earlier. Marketconsensus was 55.0%.

New orders for U.S. manufactured goods in Julydecreased by 2.4% to USD 485.0bn in July. Market consensus was a drop of 3.0%. Market consensuswas a drop of 3.0%.

Source: Report prepared by ISBnews.

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