During the analysed 12-month period of 2022, the highest price that investors were prepared to pay for the Company’s shares, PLN 182.20, was recorded on 24 March. The subsequent falling trend that lasted for several months meant that on 28 September the share price of KGHM Polska Miedź S.A. reached its minimum at PLN 84.22. At the end of the year, the Company’s share price began to rise, and at the close of trading on 30 December it stood at PLN 126.75. Nevertheless, the share price of the Company fell by 9.1% compared to the share price from the last trading day of 2021.
KGHM Polska Miedź S.A. at the Warsaw Stock Exchange
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KGHM Polska Miedź S.A. debuted on the Warsaw Stock Exchange (WSE) in July 1997. The Company’s shares are traded on the primary market of the WSE in the continuous trading system and are a component of the WIG, WIG20 and WIG30 main indices as well as the WIG-ESG index published since 3 September 2019, comprising listed companies which adhere to the principles of corporate social responsibility.
KGHM Polska Miedź S.A. is also a component of the sector index WIG-Mining and is a component company of the prestigious FTSE4Good Index Series. The FTSE4Good Index Series is part of the group of ethical investment indicators, reflecting criteria of corporate social responsibility and ESG risk management.
The year 2022 brought a general deterioration of sentiment on the stock exchange due to existing uncertainty as to the development of the global macroeconomic situation in reaction to the armed conflict resulting from Russia’s aggression against Ukraine and the continued consequences of the coronavirus pandemic.
The aforementioned factors also had a significant impact on the price of copper – the Company’s main product – which fell to 8,387 USD/t, or by 13.5% compared to the price at the end of 2021, alongside an increase in the average USD/PLN exchange rate by 8.4%.
The effects of the macroeconomic situation were also reflected in the stock market indices WIG, WIG20 and WIG30, which decreased respectively by 17.08%, 20.95% and 20.88%. A similar situation prevailed in terms of the London-based FTSE 350 mining index – comprised of companies from the mining sector listed on the London Stock Exchange – which from the start of the year fell by 43.3% compared to its level at the end of 2021.
Key share price data of the Company on the Warsaw Stock Exchange in 2021-2022
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Ticker: KGH, ISIN: PLKGHM000017 |
Unit | 2022 | 2021 |
| Number of shares issued | million | 200 | 200 |
| Market capitalisation of the Company at year’s end | PLN bn | 25.4 | 27.9 |
| Average trading volume per session | shares | 727,127 | 584,783 |
| Turnover | PLN million | 23,189.58 | 26,308.89 |
| Change in share price from the end of the prior year | % | -9.1 | -23.8 |
| Highest closing price during the year | PLN | 182.20 | 223.80 |
| Lowest closing price during the year | PLN | 84.22 | 133.10 |
| Closing price from the last day of trading in the year | PLN | 126.75 | 139.40 |
(source: proprietary material, WSE Statistic Bulletin for 2021 and 2022, Bloomberg)