New records on the WSE and possible sale of power plants. However, the session in red, despite the growth of banks
The Wednesday session at the WSE ended in decreases in indexes of large and medium -sized companies and up to its increases. It was not without records that broke mWIG40 and sWIG80. The declines of individual on industry indexes were so wide that they could not balance them with the increases of banks. The ZEPAK course was distinguished, after speculation about the sale of one of its power plants.
This is not often a picture when, despite the increase in the banking sector, WIG20 and WIG end the sessions in the minus. This time, the width of the supply in WIG20 prevailed the scale of trade on banks (WIG-Banki +0.52 percent), all the more so because the increases concerned three out of five largest lenders. The moods on European stock markets were mixed (DAX -0.2 percent, CAC40 -0.5 percent, IBEX35 +0.4 percent), but the Wall Street indexes tried to grow (S&PC 0.1 percent, Nasdaq 0.5 percent). The session on the WSE should be picked up as a consolidation after a period of recent increases, which have led the WIG20 index to the new bull market peak.
On Wednesday, WIG20 lost 0.62 percent, WIG was lower by 0.45 percent. In the morning MWIG40 grew and set a new historic peak at the level of 8 137.57 points, from which he went back for the rest of the day, losing 0.33 percent at the end of the session. An increase of 1.08 percent The day ended with SWIG80, which recorded by the entire session quite flatly broke the record currently of 29,155.97 points. Turnover on the wide market amounted to PLN 2.17 billion, of which PLN 1.7 billion concerned WIG20.
In WIG20, only four companies were increasing: PKO (0.97 percent), Pekao (0.39 %). mBank (0.17 percent) and Dino (0.18 percent). Compared to the first two catalysts, PKO's results could be slightly above expectations and the extended PZU and PFR agreement regarding joint investment in Pekao shares.
Other large companies were listed under the line, and the largest discount concerned the Żabka Group (-3, 89 %), which this week showed a net loss in quarterly results. Allegro (3.73 percent), PGE (-2.89 percent) and CD Projekt (2.82 percent) Without the average demand, there were companies with WIG20-CCC (-0.7 percent) and Budimex (-0.67 %), which will include MSCI indexes as a result of a quarterly revision. Although the morning brought increases in their courses, the finale turned out to be under the line.
Apart from them, Bank Millennium (2.43 percent) will also enter the MSCI Poland index, where the positive reaction of investors has already appeared. In addition, diagnostics (2.95 percent) will be included in the MSCI index of small companies (MSCI Poland Small Caps). The changes will come into force after the session on May 30.
However, the most attention on the market was paid by ZEPAK energy course (30.21 percent). Increases were explained not only by a new high recommendation for the company issued by BM Pekao, but above all by its justification. The target price was set at PLN 37.9 per share, which gave the potential of an increase of 101 percent, and this is because, according to analysts, the key factor unlocking the company's value may be the sale of the Adamów CCGT power plant with a capacity of 562 MW, which according to their assessment can be sold at the end of June for PLN 1.7 billion. The course ended the session at PLN 25.
In addition, the results were reported by Bank BNP Paribas (0.48 percent). Creepy Jar (2.47 percent) estimates that in the first quarter of 2025 he had a net profit by 51 percent. rdr. In turn, Asseco Poland (-1.04 percent) announced the planned payment of a dividend of PLN 3.94/share. Capitei increases (45 percent), i.e. the former GetBack, took place without new information in ESPI.
The debut of Mazop Group (-12.4 percent), dealing with packaging production, took place at NewConnect.
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