Warsaw Stock Exchange (WSE)

Warsaw Stock Exchange (WSE) - direct competitor Vienna for the leading position in the Central European region. Like their Austrian counterparts, the Poles boast a long and glorious history of their financial institution.

History of the Warsaw Stock Exchange (WSE)

And it all began in 1817 with a decree of the Russian Grand Duke Konstantin Pavlovich, then the ruler of the modern territory of Poland. According to this document, there was formed Warsaw Stock Exchange, designed for trading in securities.

The institution was constantly moving from one building to another, while consistently becoming the most popular platform in Poland. The number of brokers grew sharply, as did the volume of trading bonds and promissory notes. Toward the second half of the 19th century a new instrument appeared on the stock exchange - shares, mainly of local railroad companies.

Continued growth WSE was interrupted by the First and Second World Wars, and then by the establishment of the Communist regime in the country. After its overthrow in 1991 Warsaw Stock Exchange was reopened, symbolically choosing for its premises the former building of the Central Committee of the Polish Communist Party. France provided feasible financial assistance for the revival of exchange trade in Warsaw.

Over two decades. WSE quickly caught up with what had been lost during the absence of market relations in the country. In terms of the volume of transactions and the degree of market capitalization, the site is roughly on a par with the Vienna Stock Exchange. At the same time, the cost of an IPO on the Polish stock exchange is several percent cheaper.
This was used by a number of neighboring Ukrainian companies. Thus, Kernel Agro Holding raised more than $200 mln, thereby entering the top twenty issuers forming the index WSE. The example of Kernel was followed by other Ukrainian enterprises, relying on the high liquidity on the stock exchange at the moment, as well as on the traditional interest of Polish investors in the business of the eastern neighbors.

Warsaw Stock Exchange Index (WSE)

At Warsaw Stock Exchange two main indices are calculated: WIG и WIG20. The first includes data from all companies (318) listed on the WSE, and the second includes data from the twenty largest issuers.