WIG20 is slowly backing you, a raw material with a discount of 23 percent. Dividend swirls on the WSE
The session did not bring much emotion on indexes outside individual cases of investors' reaction to stock exchange reports. A strong energy week emphasized PGE's growth after the results. The Dino course backs up despite the higher profits. A small raw material company may soon disappear from the stock exchange, which means that investors sell its shares as soon as possible.
On Friday, WIG20 lost 0.17 percent on the WGW, but throughout the week he gave 1.12 percent. WIG, in turn, fell on Friday 0.08 percent, to 103 150.46 points, and in the whole week he gave only 0.09 percent. We remind you that it is an index from which dividends are not Lower market segments also influenced a better attitude.
mWIG40, which gained 0.11 percent on Friday up to 8007.87 points, increased by 1.52 percent throughout the week. SWIG80 also gained 0.11 percent at the session, but only 0.58 percent In the whole week, which ended at 28,897.67 points The turnover on Friday amounted to over PLN 2 billion, of which WIG20 companies were responsible for PLN 1.63 billion.
“From the turn of April and May on the Warsaw Stock Exchange we have a slowdown in the dynamics of growth. This is particularly visible in the case of WIG20. While MWIG40 and SWIG80 have returned to increases after a symbolic correction at the turn of April and May, WIG20 has not managed to permanently overcome the maxims from the end of April. Medium and small companies are still visible, but the biggest ones can be seen. Przemysław Smoliński, BM PKO BP analyst.
In his opinion, the weakness of WIG20 is visible when comparing this index with the S&P and DAX. “WIG20 in this trio is definitely the worst,” he said. As he assesses, the risk of starting correction is growing.
“It seems that investors playing on the largest companies are already tired of existing, strong increases. It always comes to the moment when the valuations are high enough that demand begins to weaken and the supply appears. This is slowly starting to happen in the case of WIG20, there is a change from a strong advantage of demand for the advantage of supply,” said Przemysław Smoliński.
“I would not expect a permanent reversal of the trend yet. In my opinion, the first target level would be around 2,680-2.700 points as long as WIG20 stays above this zone, the declines would be short -term, only the descent below could indicate a stronger, medium -term down movement” – he added. According to the analyst, Friday's declines do not yet indicate the start of such a correction.
In WIG20, the qualities of PGE (6.36 percent) stood out, gaining for a long time on the wave of positive sentiment to the energy sector, and on Friday conquered with great results for the first quarter.
CCC shares (2.32 percent) were still strong, and the Santander course (1.71 percent) performed preferably from large banks. Orlen (0.96 percent) and several banks were doing well: Alior (0.61 percent) Peako (0.5 percent). In total, there were 11 companies on WIG20, including Allegro, PZU, CD Projekt, Budimex and Orange. The mBank exchange rate (0.0 percent) was neutral.
The worst in the portfolio was the Dino course (-6.37 percent), which was explained by the implementation of profits, recorded around the record records after the results. The report for the first quarter of 2025 showed a JD net profit of PLN 311.2 million against PLN 295.2 million a year earlier. The PAP Business consensus assumed PLN 292.3 million net profit. Although the profit was better, it offended the low growth of comparable sales (LFL at 0.5 percent).
From the other inheritors in WIG20, he even reduced the LPP exchange rate (-1.82 percent). Other companies donated between 0.7 percent KGHM was again under the line (-0.28 percent). The president of the company Andrzej Szydło announced that KGHM currently needs development investments, hence the board's decision that he does not recommend dividend payment for 2024. In the future, the copper group is ready to talk to investors about the possibility of sharing profit.
The discount of Serinius (-23.08 percent) stood out on the wide market after information about the purchase of the company by Xtellus and the approval of the agreement by the court, which will result in the collection of a company's shares from the stock exchanges in Sydney, London and Warsaw. “It is expected that, provided that the system entered into force on May 19, 2025, the withdrawal of the Serinus shares from trading on the AIM market will enter into force at 7:00 on May 20, 2025. In addition, on May 20, 2025, on the Warsaw Stock Exchange, a request for the withdrawal of Serinus shares from the market will be submitted on the Warsaw Stock Exchange.” Earlier, the sales announcement stated that the entire emitted and future Serinus share capital at around 5.1 million pounds was valued.
In the group of companies listed in the MWIG40 index, 11 bit studios (-3.68 percent) after the first quarter results stood out negatively. On the other hand, in SWIG80 Arctic Paper (-7.55 percent), where the results were shown on Thursday before the session, but later it was announced that the management was recommended that the dividend fails to pay for 2024. Although he wanted to pay PLN 0.7 per share in February. In this segment, however, Bogdanka (3.5 percent) had an increase after the results, who maintained her dividend policy assuming the recommendation by the management board for dividends up to 50 percent. net profit.
Michał Kubicki
