PGNiG’S SHARE IN THE STOCK MARKET INDICES
| Performance of the Warsaw Stock Exchange indices including PGNiG stock | |||||
|
Index (points) / share price (PLN)*
|
Value
at Dec 28 2018 |
Value
at Dec 30 2018 |
Year low
2019 |
Year high
2019 |
PGNiG’s weight in index
at Dec 30 2019 |
|
WIG
|
57,691
|
57,833
|
54,846
|
61,925
|
2.49%
|
|
WIG20
|
2,277
|
2,150
|
2,047
|
2,414
|
3.48%
|
|
WIG30
|
2,582
|
2,472
|
2,348
|
2,764
|
3.23%
|
|
WIG-paliwa
|
7,998
|
6,489
|
6,215
|
8,529
|
17.49%
|
|
WIGdiv
|
1,070
|
1,051
|
980
|
1,148
|
9.28%
|
|
WIG-Poland
|
58,890
|
59,064
|
55,986
|
63,230
|
2.54%
|
|
WIG.MS-PET
|
10,590
|
8,316
|
8,002
|
11,411
|
25.42%
|
|
RESPECT Index
|
2,762
|
2,508
|
2,340
|
2,977
|
5.95%
|
|
WIG-ESG
|
10,000
|
9,980
|
9,436
|
10,733
|
2.38%
|
|
PGNiG
|
6.91
|
4.33
|
4.03
|
7.66
|
-
|
| Source: WSE – Warsaw Stock Exchange (Giełda Papierów Wartościowych w Warszawie) * PGNiG stock price and index values based on closing prices. Closing prices are not adjusted for ex-dividend. |
|||||
WIG is the first stock market index, calculated since April 16th 1991. Its base value was 1,000 points. Today, WIG comprises all companies listed on the Main Market of the Warsaw Stock Exchange that meet key index eligibility requirements.
WIG20 has been calculated since April 16th 1994 based on the value of 20 largest and most liquid stocks traded on the WSE’s Main Market.
WIG-paliwa is a sectoral index comprising WIG constituents classified in the ‘oil and gas’ sector. Its base date was December 31st 2005.
WIG-Poland (formerly WIG-PL) is the first national stock market index, published since December 22nd 2003. The index comprises solely Polish stocks traded on the WSE’s Main Market that meet key index eligibility requirements.
WIG30 has been calculated since September 23rd 2013 based on the value of 30 largest and most liquid stocks traded on the WSE’s Main Market.
The WIGdiv index was first published on December 31st 2010 with a base value of 1,000. It brings together companies that have regularly paid out dividends over the preceding five financial years.
The WIG.MS-PET index has been published since March 18th 2019, and it is calculated based on the value of five most liquid companies in the fuels, natural gas and chemical sectors.
Published from November 19th 2009 to January 1st 2020, RESPECT Index was an index of socially responsible WSE-listed companies adhering to the highest Corporate Social Responsibility (CSR) standards. The purpose of the project was to promote excellence in managing the economic, environmental and social performance in public companies.
The WIG-ESG index has been published since September 3rd 2019 based on the stock value of companies regarded as socially responsible, meaning those upholding the principles of corporate social responsibility, particularly with respect to environmental, social and governance issues. WIG-ESG is a total return index, reflecting the prices of constituent stocks as well as dividend income.
WIG-ESG includes WIG20 and mWIG40 constituents, which are the blue-chip companies listed on the WSE. The weights of WIG-ESG components depend on the free float adjusted by reference to ESG ratings and scores assigned for compliance with the Code of Best Practice for WSE Listed Companies 2016. The maximum weight of one company is limited to 10%, and the sum of all stocks with a weight above 5% is limited to 40%. The index data is updated every 60 seconds from the opening to the closing of a trading session.
One of the criteria used to determine the weight of a stock in the index is the company’s ESG rating assigned on the basis of reports prepared by Sustainalytics. Sustainalytics is a global provider of ESG research services providing ESG scores for companies that are derived by analysing publicly available data, including annual reports, non-financial information, and updates posted on the corporate websites. Sustainalytics’ methodology assesses ESG risks, measuring the exposure of the relevant industry to specific ESG risks and evaluating companies’ risk management performance.
Based on the findings of this analysis, 60 companies are divided into five groups, each assigned a different weight of the ESG factor, ranging from 0.6 to 1.0. PGNiG scored an ESG factor of 0.6.
The weight of each company in the index also depends on the degree of compliance with the corporate governance principles set out in the Code of Best Practice for WSE Listed Companies 2016. Based on the relevant statements published by the companies, the WSE assigns weights ranging from 0.85 to 1.0, depending on the number of standards applied and quality of reporting. PGNiG scored a factor of 1.0 for compliance with the Code of Best Practice as at December 28th 2019.