Warsaw Stock Exchange launches WIGtech Index

Warsaw Stock Exchange (mik Krakow, CC BY-NC-ND)

An oil field found in Hungary

Lithuania ready to test driverless cars

Poland

On June 24th, the Warsaw Stock Exchange (WSE) is launching a new index, WIGtech. The index will cover WIG participants whose core business includes medicine, biotechnology, software development, online and mobile sectors. The number of WIGtech participants will vary. Similar to other indexes, the share of each participant will be calculated depending on its free float. The share of the biggest companies will be capped at 10 per cent.

“High-tech companies play an increasing role in the economy and on the capital markets. WSE provides funding opportunities to innovative companies which are instrumental to technological progress,” said Izabela Olszewska, a member of the WSE management board.

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Hungary

Hungarian Horizon Energy Kft. and TDE Services have discoverd the largest oil field in the last three decades. The field was found near the Drava river in the southern part of Hungary. Experts created artificial earthquakes to explore the size of underground oil reserves.

The amount of crude oil is expected to allow extraction of 11,000 barrels per day, almost as much as the leading Hungarian oil and gas company MOL does (13,000 barrels per day in 2018).

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Lithuania

“We are waiting for manufacturers who would be interested in testing their driverless cars on our roads,” Vytautė Šmaižytė, adviser to Lithuania’s transport and communications minister, told BNS News Agency. “We don’t have the 5G network yet but we have the 4G network which is not overloaded and could service a certain number of driverless cars, and Lithuania is ready for testing,” he added, stressing that Vilnius-Kaunas highway is the first stretch they could drive on.

In 2018, the Lithuanian parliament voted a bill that opened up the country’s roads to autonomous vehicles. Last November, a Navya Arma self-driving car was tested in Lithuania, becoming the first vehicle of this type in the country.

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What’s up in indexes

BET (of Bucharest) increased from 8504.24 index points Friday, June 14th to 8512.11 index points Monday, June 17th. It’s up 0.53 per cent d/d and up 4.29 per cent y/y.

BUX (of Budapest) increased from 40470.00 index points Friday, June 14th to 40588.18 index points Monday, June 17th. It’s up 0.29 per cent d/d and up 10.7 per cent y/y.

OMXR (of Riga) decreased from 1078.32 index points Friday, June 14th to 1073.19 index points Monday, June 17th. It’s down 0.51 per cent d/d and up 2.20 per cent y/y.

OMXT (of Tallinn) decreased from 1251.15 index points Friday, June 14th to 1249.63 index points Monday, June 17th. It’s down 0.51 per cent d/d and down 0.74 per cent y/y.

OMXV (of Vilnius) decreased from 671.44 index points Friday, June 14th to 670.03 index points Monday, June 17th. It’s down 0.25 per cent d/d and down 6.32 per cent y/y.

PX (of Prague) increased from 1050.88 index points Friday, June 14th to 1051.46 index points Monday, June 17th. It’s up 0.06 per cent d/d and down 2.22 per cent y/y.

RTS (of Moscow) decreased from 1346.98 index points Friday, June 14th to 1341.05 index points Monday, June 17th. It’s down 0.44 per cent d/d and up 17.5 per cent y/y.

SAX (of Bratislava) closed at 344.81  index points Friday, June 14th. It’s the same result as Monday’s. It’s 0 per cent change d/d and up 5.60 per cent y/y.

SOFIX (of Sofia) decreased from 578.60 index points Friday, June 14th to 578.00 index points Monday, June 17th. It’ down 0.12 per cent d/d and down 9.31 per cent y/y.

UX (of Kyiv) closed at 1647.16  index points Friday, June 14th. It’s the same result as Monday’s. It’s 0 per cent change d/d and up 2.70 per cent y/y.

WIG20 (of Warsaw) decreased from 2286.46 index points Friday, June 14th to 2276.60 index points Monday, June 17th. It’s down 0.43 per cent d/d and up 5.84 per cent y/y.

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