The new index will soon replace WIG20, and will cover the 30 largest and most liquid companies across 13 industries. The chemical sector will be represented by Grupa Azoty and Synthos. 

“The launch of the WIG30 index and Grupa Azoty’s place in its composition is excellent news for us, and also for our shareholders. Becoming a part of WIG30 will, most probably, further boost trading in Grupa Azoty shares, and allow us to achieve in just a few weeks one of our main strategic objectives: to become a constituent of the WSE’s main index”, said Paweł Jarczewski, President of Grupa Azoty.

Authors of the index decided that no more than seven companies from every exchange sector would be included in WIG30, based on their liquidity and capitalization, and that the share of a single stock in the index’s capitalization would be capped at 10%. Thus WIG30 will better reflect the current size and diversity of the Polish market, also providing additional exposure to the ten newcomers.  

“I believe that their presence in this blue-chip group will create interesting opportunities, both for the companies and for investors. I hope that the companies take proper advantage of the new potentials they find by being here,” said Adam Maciejewski, President of the WSE Management Board.

“Over the five years of Grupa Azoty’s presence on the WSE (following the June 30 2008 flotation), we have consistently implemented our business vision, significantly increased our value, and have become a force driving the consolidation of the Polish fertilizer and chemical industry. We are now focusing on further expansion of the Group and on ensuring quality growth through organic development and efficiency-oriented investments, cost optimisation, and leveraging of synergies – in short, we are building the Polish national chemical champion,” added Mr Jarczewski.