Turnover on the WSE in the first half November down by 2.5% y/y.

Trading in shares on the Warsaw Stock Exchange fell by 2.5 percent year-on-year in the period from inception to November 14; declines were also recorded in trading in futures contracts – said President Tomasz Bardziowski.

“As far as revenues are concerned, (…) we still see a very good and high increase in turnover in October. However, this activity in November is smaller. In October, the year-on-year increase in session turnover was almost 50 percent, while in November we see a decline of 2.5 percent. (…) We also still see year-on-year declines in turnover on futures contracts,” Bardziowski said during the conference.

The total value of trading in shares on the WSE Main Market in October 2025 was PLN 43.9 billion, i.e. 31%. more than in the same period a year earlier. The value of trading in shares within the order book increased by 49.6%. y/y to PLN 43.1 billion. In October 2025, the total trading volume in derivatives was 0.8 million units, a decrease of 5.9%. rdr.

“As far as the commodity market is concerned, the trends are similar to those seen in previous periods, i.e. a decline in turnover in the electricity segment and continued growth in the natural gas segment. This increase was particularly impressive in October – 112 percent. In November, we see some stabilization of growth at the level of 5 percent.” – added the president.

In October this year the total volume of natural gas trading on the Polish Power Exchange increased by 112.7%. y/y to the level of 20.4 TWh. The total volume of electricity trade in October reached 11.9 TWh, which means a decrease of 16%. compared to October 2024.

“As far as operating costs are concerned, the increased dynamics of cost growth continues here and it should be expected that these increases will probably be at a similar level year-on-year as in the third quarter. Of course, we will try to ensure that the cost increases are not higher than the change in revenues,” concluded Bardziowski.

The Group's operating costs in the third quarter amounted to PLN 91.2 million, growing by 12%. rdr. As the stock exchange emphasized, this was the sixth quarter in a row in which the revenue growth rate exceeded the cost growth rate. As a result, the cost/income ratio decreased by 5.1 percentage points to 67.5% compared to last year. (PAP Business)

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