Black Friday on European stock exchanges. Poland at the forefront of the great sale of shares
The largest Polish company in terms of stock exchange value, i.e. Bank PKO BP loses as much as 8.4 percent at the Friday session, And for a moment it was at the level of PLN 65.34 per share, the lowest from February six this year. On Thursday, he was worth PLN 89.9 billion to go down to less than PLN 82 billion on Friday. And until recently we wrote that he had broken a record PLN 100 billion.
Investors in panic caused by events in other markets after Donald Trump sell out what they recently had substantial profits. The leading, inheritance places from the WIG20 companies are more banks: Alior (-8.6 percent), mBank (-7.9 percent), Pekao (-7.4 percent) and Santander BP (-6.4 percent).
European banks in danger
The name of the last of these banks also appears in the European context, because Spanish Santander, the main shareholder of the Polish bank, loses 10.5 percent. These are Therefore, the main one The IBEX 35 exchange index in Madrid is ahead of the fall in Warsaw, losing 6.4 percent. in the middle of Friday's session. And the declines on Santander's actions are not the largest in this index. Actions from other banks from the Iberian Peninsula: Banco de Sabadell (-12.9 percent), Unicaja Banco (-11.1 percent), BBVA (-11.1 percent) and Caixabank (-10.6 percent).
And these are not negative records on European floors yet. Actions in Milan are even faster. The FTSE MIB index loses 7.7 percent Here, banks were overtaken by the IVECO truck producer (-13 percent). And then … There are already banks: BPER BANCA (-12.7 percent), the oldest bank in Europe Banca Monte Paschi di Siena (-12.2 percent), still Unicredit (-11.6 percent) until recently present in Poland as the main shareholder of Pekao.
Declines of banks 'quotations are not only a consequence of investors' previous profits. After all Banks granted loans, including current exporters to the USA. If you start to show losses, they can stop paying off the debt. Such a bank monte Paschi di Siena was already in history over the abyss, now the nightmare can come back. The backward run he has thrown in the world economy by Donald Trump with his duties, can hit banks with great force.
They are still falling faster than Polish actions Austrian (ATX index -6.3 percent), Swiss (SMI -5.1 percent) and German (DAX -4.7 percent). In Austria, we have a bank at the forefront of the inheritance peloton-Erste (-8.9 percent), but there are still exporters, manufacturers of steel products: Schoeller -ugleckman (-8.4 percent) and Voestalpine (-8.4 percent).
In Switzerland, the largest declines are recorded UBS investment bank (-8.1 percent) and the SWISS RE insurance group (-8.1 percent), but the scale of the decrease in Logitech shares (-8.1 percent), a computer hardware manufacturer, including mice, keyboards, racing managers are identical.
At last In Germany, Deutsche Bank (-9.9 percent) records the largest declines in the DAX indexand then there is a manufacturer of engines for aircraft and turbines for MTU Aero Engines gas power plants (-8.7 percent), a manufacturer of turbine for windmills Siemens Energy (-8.8 percent) and the manufacturer of semiconductors Infineon (-7.8 percent).
The shareholders of car manufacturers suffered further losses in a row. Mercedes drops by 5.8 percent In the scale of the week it has already become 12.5 percent, Volkswagen loses 4.6 percent, respectively. and 11.6 percent, and BMW 4.4 percent and 10.4 percent However, the largest declines in a week were: Infineon (-17.5 percent, of which -8.5 percent on Friday) and Adidas (-16.2 percent, of which -4.7 percent on Friday).
Author: Jacek Frączyk, Business Insider Polska editor
