FX Futures Volume on Warsaw Stock Exchange Dominated in December

The exchange witnessed a solid spike across all the market metrics.

The Warsaw Stock Exchange (GPW) published the metrics of its trading activities for December 2020 on Tuesday, showing a massive increase in the market demand when compared to the previous year.

The total equities turnover on the main market of the exchange for last month came in at PLN 35.3 billion, which was a yearly increase of 152.6 percent. The electronic order book turnover of the exchange also saw a yearly surge of 150.8 percent to PLN 34.5 billion.

Additionally, the NewConnect equities turnover value gained 811.8 percent year-on-year and reached PLN 1.2 billion in absolute terms. The electronic order book equities turnover in this market went up by 1019.2 percent year-over-year to PLN 1.2 billion.

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Despite the massive increase in turnover, the WIG index remained dull. On the last trading day of December, the index value declined by 1.4 percent when compared to the same period a year ago. This indicates that the spike in the traders’ demand was triggered by the volatility in the market.

FX Derivatives Dominated

Moreover, the exchange revealed that the derivatives turnover more than doubled in the month with the transactions of 1,328,500 contracts. Currency futures saw the highest yearly increase by 514.6 percent, while the turnover for index and single stock futures gained by 34.6 percent and 85.6 percent, respectively, year-over-year.

The GPW lists the stocks of both domestic and foreign companies. By the end of December, the total market capitalization of the 384 domestic companies on the main market remained PLN 538.8 billion (EUR 119.0 billion). This number for 433 listed domestic and foreign companies was PLN 1,068.7 billion (EUR 236.1 billion).

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