After launching WIG-Ukraine, WSE mulls more country-dedicated indexes
2011-05-05 15:23:28
After launching the WIG-Ukraine index on May 4, the Warsaw Stock Exchange (WSE) does not rule out creating subsequent country-specific indexes, e.g. those comprising companies from CEE countries or Eastern European ones, the WSE's CEO Ludwik Sobolewski has announced. Such indexes would be more feasible, if firms from Russia, Georgia or Armenia head for the Warsaw bourse, he added.
Sobolewski also upheld his estimates that by the end of this year, another 5-10 foreign stocks - mostly from Ukraine - would debut on the WSE's main market.
WIG-Ukraine now comprises five companies: Agroton, Astarta, Kernel, Milkiland and Sadovaya. Newcomers will be admitted three days after their respective bourse debuts, which means that Industrial Milk Company (IMC), which debuted on the WSE on May 4, would join the index next week, alongside KSG Agro, which is due to debut today.
Currently, there are 30 foreign companies listed on the WSE's main market, including six firms from Ukraine. This year, three foreign companies debuted on the WSE: Lithuania's Avia Solutions Group, Hungary's E-Star and Ukraine's IMC. In the next few days, Slovenia's second-biggest bank Nova KBM is due to follow suit