Rocket acceleration of Polish indexes. Stock exchange with new peaks, and WIG20 the most powerful in Europe
A week on the WSE ends with a strong accent on the side of bulls. All main indexes checked in at the highest levels of bull market, which means a dozen -year WIG20 record, as well as historical records of small and medium -sized companies and a wide market. The demand was particularly visible at the largest banks, but most large companies recorded clear increases, and WIG20 itself was on Friday the strongest index in Europe.
On Friday, WIG20 gained 2.68 percent on the WSE, but all week went up only by 0.13 percent. by declines on Monday and Tuesday. The Friday growth was positioned by WIG20 as the most powerful base index in Europe, where there was moderate good investment moods. DAX gained 0.6 percent, CAC40 gained 0.7 percent The British FTS100 grew by about 0.2 percent
Small decreases in the S&P and Nasdaq at the beginning of the session were observed in the US, but then the indexes made up for losses. Thus, the parquet in Warsaw was again distinguished by a relative force, as for most of the year in which the WIG20 return rate is already nearly 30 percent. This is by far the most of the main indexes in the world.
The increase was led by WIG20 for a new bull market record at 2846.41 points. It was the highest since June 2011. WIG, in turn, gained 2.21 percent on Friday, to 103,247.39 points, and in the whole week increased by 2.02 percent. He broke the record at closing prices and during the session (103 367.94 points).
It was no different from MWIW40, which gained 1.33 percent on Friday. up to 7,888.14 points, and in trade was even at 7,899.75 points. In the whole week it increased by 1.47 percent. SWIG80 finally gained 0.54 percent at the session, but 2.39 percent In the whole week, which ended at 28,730 points. – At most in history. The turnover on Friday amounted to over PLN 2.24 billion, of which companies from WIG20 were responsible for PLN 1.87 billion.
“Many current increases can be clarified by a relief resulting from the pause in the customs of the trade agreement between the USA and Great Britain. Looking at recent reports, there is a feeling that the worst is behind us,” said Thomas Bernier from the Lazard Freres Gestion office Paris. He added that he is more optimistic about the prospects of European markets due to the improved macro image.
“Risk appetite remains strong, which can be seen especially on cryptocurrency notes – Bitcoin gained almost 6 % yesterday and broke the level of 100,000 USD, Ethereum increased by 21 percent.” – noted before the session Michał Kozak, analyst of the DI XELION Investment Analysis and Advisory Team.
Banks were particularly strong on the GPW, which was associated with the words of President Glapiński from the Thursday conference that cutting feet by 50 pb. does not mean the start of the cycle. On Friday, the most pigeon member Ludwik Kotecki said that the next actions should be more cautious and amount to 25 PB. “July is likely, but maybe we'll wait until September,” he said. This raised a zloty exchange rate, which supported the market sentiment of investing on the WSE.
The PKO exchange rate gained 4.99 percent, Pekao went up by 4.33 percent, and Alior by 4.22 percent. MBank (2.97 percent) and Santander (1.48 percent) have gained a little less, but together with the growth of banks from lower segments of the WIG-Banki market, he went up by 3.7 percent.
Strong demand was also for clothing companies like LPP (4.73 percent) and CCC (4.52 percent). Thus, the WIG-WIG-WIG-WIG-index was the strongest in the group of subindeks, with an increase of 4.42 percent. Lowering the feet is more money at the disposal of consumers, which according to experts can be supported by commercial companies, depending on the condition of buying portfolios.
In WIG20, the increases were wide and covered 18 companies. Only Dino (-1m26 percent) were under the line, which, however, during the session improved the historic peak of PLN 560.80. A small group of companies under the line completed the values of CD Projekt (-0.69 percent).
In the wide market, it is worth mentioning XTB (1.81 percent, which also improved the peak, and during the session it was announced that the broker became a leader in Poland in terms of the number of brokerage accounts. After publishing the results for the first and sq.
The session had a general positive overtones because the increases were of nearly 52 percent. companies at 39 percent on the downside. It is worth emphasizing that 28 values were recorded by at least a year's maxima, which in many cases were historical peaks. Strong increases included, among others Raen (37.03 percent), Xplus (29.73 percent), EC Będzin (26.91 percent) or Rafamet (19.44 percent).
Michał Kubicki
