Changes of share price

The Warsaw Stock Exchange main index remained practically unchanged at end of 2019 vs end of 2018 (+0.2%). This was an outcome of growths of smaller companies as well as drops of share prices of larger constituents including banks. WIG20, an index of the largest companies, was down 5.6%, while the index representing bank share prices fell 9.2% during 2019.

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Banks’ quotations during the better part of the year were affected by information and concern relating to legal risk of FX mortgages, exacerbated by the preliminary opinion and then official reply of the Court of Justice of the European Union to requests for preliminary ruling submitted by a Polish court with respect to these loans. This led to drops of prices of banks, which hold FX mortgages in their portfolios.

One of these banks is Bank Millennium, whose share price dropped 34% in 2019. Trading in shares of Bank Millennium (average daily) fell 24% in 2019 vs. 2018. The decline of trading in the Bank’s shares was partly caused by the trading slump on all WSE. The total value of shares trading on the WSE’s main market in December 2019 was 7.5% lower than in December 2018.

XLS

Market ratios	30.12.2019*	28.12.2018*	Change (%) y/y
Number of the Bank’s shares (in ‘000)	1 213 117	1 213 117	0.00%
Average daily turnover in annual terms (in PLN’000)	6 068	8 006	-24.2%
Bank share price (PLN)	5,85	8,87	-34.0%
Market capitalization of the Bank (PLN million)	7 097	10 760	-34.0%
WIG Banks	6 768	7 454	-9.2%
WIG20	2 150	2 277	-5.6%
WIG30	2 472	2 582	-4.2%
WIG – main index	57 833	57 691	0.2%

(*) last day of trading in 2019 and 2018

Bank Millennium’s shares are included in following indexes on Warsaw Stock Exchange: WIG, WIG Banki, WIG 30, mWIG 40, WIG Poland, Respect Index and WIG-ESG.

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