The company now ensures a direct access to the securities listed on the WSE for potential investors, business development director Balázs Szegner told reporters.
The WSE is aspiring for a leading position in the CEE region, Szegner pointed out. The number of shares listed on the WSE exceeds 400, compared to only 53 on the Budapest Stock Exchange. Poland was ranked second on the European IPO market with 112 IPOs altogether in 2010. There were only six IPOs on the Budapest Stock Exchange in 2010. Of that total five were just technical listings.
“There is fierce competition between the WSE and the Vienna Stock Exchange or more like the CEE Stock Exchange Group (CEESEG),” Szegner said. At the moment, the WSE is more dynamic than the CEESEG, he added. The Vienna Stock Exchange is the initiator and a subsidiary of the CEESEG, the largest exchange group in Central and Eastern Europe. The other members include the exchanges of Budapest, Ljubljana and Prague.
Equilor’s favorite picks on the WSE are the shares of oil company PKN, insurer PZU, electricity firms PGE and Tauron as well as of telecom company TPSA. Equilor analyst Ákos Kuti stressed that the Polish securities could make a good match with the Hungarian papers by increasing geographic diversification.
Equilor said earlier that it decided on expanding its activities, following the dynamic growth of the firm in recent years. Equilor still considers the Hungarian capital market a key to their growth, but they are aiming at international presence in the next few years.
The Warsaw Stock Exchange in a regional comparison