On the stock exchanges, the reflection of the softening of the US hard attitude in its customs policy is underway. On WIG20, as on other main basic indexes of Europe, this meant a return to major changes. The result is an increase in blue chips above 2600 points, from which a wave towards the new Hossa peaks started in March. Experts warn, however, that reflection can only be a correction of strong declines.
Shortly after the day of liberation, i.e. the announcement of Drakon's import duties on April 2, WIG20 lost almost 450 points. in the next three sessions. He has already done over 312 points, as Donald Trump's withdrawal of cancer is observed from his ideas about trade with the whole world. First, he suspended for 90 days the duties announced a moment earlier towards most countries and raised to 145 percent duties on goods from China.
Then on Friday he announced his optimism, what is China to seek agreement with the USA, which was enough for a very good session in the US at the end of the week. After her in the evening, it turned out that from the list of articles covered by new duties towards China, smartphones, computers and other electronic devices were excluded, which markets began to discount on Monday. In Asia, Nikkei gained 1.2 percent, Hang Seng 2.4 percent In Europe, at the time of the end of trade in Warsaw, Dax grew by 2.9 percent, and on Wall Street Nasdaq gained 1.6 percent, and S & P500 1.4 percent.
Good moods in the short stock week (no session on Friday) also prevailed on the WSE, where a large WIG20 correlation with German DAX has been visible for several days. On Monday, WIG20 gained 3.12 percent, and WIG 2.9 percent The sector of medium -sized companies with an increase in mWIG40 by 2.57 percent was also strong. Behind the leaders of the increase was swig80, which gained 2.1 percent. Therefore, major changes have returned on the market after a slightly conservative Friday session with results within 1 percent. Monday's turnover was lower than in recent days, when they exceeded PLN 2 billion and summarized at PLN 1.45 billion, of which PLN 1.2 billion concerned companies from WIG20.
“At present, this traffic today and this last weekly movement should be interpreted all the time, however, in terms of corrective movement, not a permanent return of increases,” Przemysław Smoliński, BM PKO BP analyst, told PAP.
Smoliński believes that investors now have to be patient and give the market time to calm down, catch a certain balance and only when the markets catch it, observe which direction the indexes will turn to, whether they return to these quite freshly started declines, or will continue growth trends from earlier months.
“Such a level in the case of WIG20, which I would look at, are around 2,700 points. As long as the index is below this level, I would definitely describe this move as a correction movement. However, the exit above 2,700 could suggest that something more positive is happening on the market in a slightly longer horizon. We will also have short -term corrective growth, and what will it come out, Watch at subsequent sessions, “he added.
The level of 2600 points, where the WIG20 index has now arrived, which in a month in February and March was a place to balance the power and supply forces, which eventually gave way to the former. Thanks to this, March 18 WIG20 reached a new bull market peak at 2,827.92 points. Trump's customs war and a change in the RPP rhetoric regarding interest rates since then have translated into a 19 % correction from the summit. Much, as you can see, will depend on the situation in the external markets with which WIG20 is currently heavily correlated.
Meanwhile, Monday brought Dino (4.46 percent) results on the WSE with an increase in sales dynamics in the last quarter of the year. In turn, the PGE Management Board (0.90 percent) recommends not paying a dividend for 2024, which, however, is not surprising, in the face of a very long history without the division of profit dating back to 2015 (the last dividend). The strongest company in the portfolio was the values of Budimex (8.62 percent), for which the last message comes from Friday and concerns the highest assessment of the offer in the GDDKiA tender for the amount of PLN 312 million and results in accordance with estimates.
The banking sector was strong, which, despite the announcement of the reduction of the foot at the May MPC meeting, is growing at the wave of growing amounts of risk on global markets. Banks are to be well prepared for lower interest rates, and results from expert opinions. On Monday, Santander gained 3.87 percent, Alior, 3.48 percent, and PKO and Pekao just over 3 percent. The most powerful of this group was mBank with an increase of 4.45 percent. At 4 percent He also gained CD Projekt Course (3.99 percent). In total, all courses in WIG20 shone green on Monday, and the weakest turned out to be Orlen with an increase of only 0.87 percent. The company will show an annual report on Tuesday.
On the wide market, Mabion's stock exchange messages (14.57 percent) have echoed, which established a strategic cooperation with the German company Sartorius STEDIM Cellca aimed at joint commercialization of services and the implementation of projects jointly. The first of them was also announced; worth over PLN 18 million.
In addition, ATAL (0.33 percent) informed about the conclusion of only 348 development and preliminary contracts in the first quarter, which means a decrease of over 50 percent. Year on year and KDK and firmly affected the result of the current industry on the WSE. Lubawa improves record records after a growth by 13.89 percent. The annual maxima on Monday improved, among others Develop shares (3.13 percent), Orange (2.53 percent) or Zrembu (6.96 percent). In total, 7th values from the Main Square, where 56 percent raised courses. companies, at 31 percent Under the line.
Michał Kubicki
