– Punction of 100,000 Point through the WIG index can be considered a historic moment for the Polish stock exchange. The wide index of the dynamic reflection climbed the highest levels in history, while piercing the psychological barrier. It is worth remembering, however, that this movement is primarily due to the loosening of investors' fears of a geopolitical situation – said Turski in an ISBnews conversation.
He added that the Polish stock exchange still remains dependent on sentiments in relation to foreign stock markets, and our market remains in the basket of more risky markets. -Hence, in the case of investors reversed from risky assets (“Risk-off” strategies), they reflect on the listing of Polish indexes even in the absence of clear premises for the weakness of Polish companies-said Turski.
As he pointed out, a great example was a strong discount of turbulence related to the duties imposed by the US President Donald Trump, despite the fact that they directly did not pose such a strong threat to Polish companies as for their foreign counterparts.
– The more so it can be enjoyed by the fact that in recent weeks the Polish stock exchange has made up for losses and returned to stronger increases. In a short term, we see the risk of making profits on Polish blue chips in the face of the very dynamic movement of the WIG20 index, which at the same time approached this year's peaks. Such a zone seems to be a comfortable place to close the position by some investors, which can be supply pressure to the Polish market – said the XTB expert. The WIG20 index has gained from the beginning of the year, i.e. for four incomplete months, as much as 27 percent, and WIG over 26 percent.
In addition, the situation on the Polish banking market remains an important question. In view of the increasingly likely reduction of interest rates in Poland, the results of financial institutions will most likely deteriorate in relation to the record last year, which may be a negative impulse for the largest sector on the Polish capital market – added the analyst. On Friday, Alior Bank gave the results that disappointed investors and indicated how much its interest result may decrease in the event of 1 percentage rates.
The index exceeded the historic level of 100,000 On Thursday around 16.30. At the closure of the quotations, it increased by 0.44 percent. In view of the previous closing and reached 100115 points, which was a new record of all time. On Friday, a moment after opening, he reached the new peak around 100,700 points. Around 13.00 index slightly reduced and amounted to 100070 points.
