Indexes on the WSE continue the upward movement initiated on Monday before noon. While the day before could not end the session in the plus, on Tuesday the quotations were covered with juicy greenery. The parquet in Warsaw responded to the reflection of the base markets, which valued new news from the US clutch front with the whole world.
WIG20 gained 3.15 percent, WIG was above 3.06 percent However, MWIG40 gained 3.15 percent on Tuesday, and SWIG80 grew by 2.32 percent. Turning in the wide market amounted to PLN 2.35 billion, of which PLN 2.04 billion concerned companies from WIG20.
As announced, new duties' duties imported to the USA will enter into force on April 9, but in the markets there are hopes that the United States will reach trade agreements, which will ultimately reduce the announced tariffs.
On Tuesday, Trump wrote on Truth Social that he had a “great conversation” with the President of South Korea and that China “also wants to conclude a contract.” In turn, the treasury secretary Scott Bessent said the same day that about 70 countries turned to the USA to negotiate trade agreements. This is a package positively received by information markets, in addition verified as opposed to Monday fake news that introduced chaos to Wall Street. After a few days of breakdown on the market, investors began to boldly buy heavily discounted shares.
“It seems that there is a chance for a moment of peace. I suppose that in the coming days there will be information about conversations with less important trading partners. The market probably also breathed a sigh of relief, because it does not indicate that in Europe there is agreement on more decisive retaliation,” Kamil Cisowski, director of the DI Xelion investment team told PAP PAP.
The session in Asia has already shown that it could be a day with clear growth. Japanese Nikkei225 gained over 6 percent after Prime Minister IShiba announced that he would set the right ministers to continue the dialogue with American counterparts, with which he talked personally about mutual trade relations. The EU does not want to go to the collision, which offers zero mutual rates. In Europe, indexes have been growing within 1-2 percent from the morning, but still accelerated when the box office trade at Wall Street was opened. There, S&PC gained over 3.7 percent, and in the moment of the end of trade in Warsaw about 2.9 percent. At that time, DAX grew by 3 percent, CAC40 and FTSE100 by approx. 2.9 percent And the main indexes, among others in Austria, Belgium or Switzerland between 3.5 and over 4 percent
The course of the day on the WSE was similar, although good moods could again be disturbed by the morning message of the stock exchange about the occurrence of extreme market conditions, which ended with an hour suspension of quotations on Monday. This time it was different and around the south of the WSE canceled the alert. Especially for Bankier.pl were by the GPW, and now a member of the Stock Exchange Council- Wiesław Rozłucki- explained in an interview with Andrzej Stec that the reason for the Monday suspension of trade was an avalanche of orders from HFT (High-Frequency Trading).
We would like to remind you that although it was only Tuesday's session that brought an increase in the main world indexes, it was already on Monday to make up for the loss, after in many cases the benchmarks ventured into the bessa area, understood as a 20 % disc. From the last peak.
In WIG20, the increases concerned almost all values. Under the line there was still an Orlen course (-0.1 percent), with a miserable reflection of oil prices, which still remained at the lowest levels from spring 2021. The rest of the largest companies experienced the mostly strong increase in share prices. Courses as many as 18 companies grew by over 1 percent, of which 15 scored at least 2 % an increase. Santander (6.53 percent) and CCC (5.92 percent) grew the most. Nearly 5 percent They gained PZU shares, and over 4 percent CD Projekt, PGE, and Allegro. All banks were strong, which gained 3.97 percent. In addition to WIG-IT (4.13 percent) and Wig-Media (397 percent), he was distinguished by the largest increases at definitely the highest turnover (PLN 739 million).
KGHM gained 0.6 percent Up to PLN 110.75, although copper also did not benefit from improving the moods and in the afternoon it was listed even under the line. According to the Bloomberg agency, the Erste Group analyst, he raised his recommendation for KGHM to “hold” with “sell”, and the target price of the company's copper company was set at PLN 111. On Monday, in turn, the wide market learned that DM BOŚ analysts in the report of March 30 reduced the target price of KGHM shares to PLN 120 and a recommendation to “Sell” with “Buy”.
From the wide Votum market (6.65 percent), it announced that the company's management wants a total of PLN 44.9 million to spend a dividend, i.e. PLN 3.74 per share. In turn, XTPL (7.35 percent) sold its device for nanodruk to the University of Massachusetts at Lowell in the USA. Benefit Systems (2.5 percent) confirmed the results of the results in the fourth quarter. However, UNIBEP (3.06 percent) informed about winning the tender for the construction of the WAT building in Warsaw.
Finally, news from NewConnect, where the company debuted, organizing and presenting the exhibitions of mockups of the city. The exchange rate at the opening on the first day of quotations increased by 18.41 percent. up to PLN 37.89. At the end of the day, the course gained 27.28 percent. up to PLN 40.73.
Michał Kubicki
