In the absence of investors from Wall Street and London City, the Session on the WSE ran under the dictation of stock bulls that dominated the course of trade. Companies from WIG20 completed a set of greenery, and the details of strong macro data stood out especially to the stock exchange. The general sowing sentiment improved after another return of Donald Trump on the front of customs wars, and perhaps also due to the new valuation of the candidates in the second round of presidential elections.
WIG20 gained 2.76 percent on Monday And he was the most growing index in Europe. WIG went up by 2.34 percent, with an increase in mWIG40 by 1.34 percent. and swig80 by 1.14 percent The rotation in the wide market amounted to nearly PLN 1.3 billion, of which PLN 1.04 billion concerned companies from WIG20.
On the occasion of the Spring Banking Day in Great Britain and the Memorial Day in the USA, the Stock Exchange in London and New York did not work on Monday. The absence of the main playmakers in global markets translated into smaller speed, but at the same time allowed the WSE to follow its path without market guides. The fairly strict WIG20 correlation with the German DAX, which also gained stable throughout the day around 1.5-1.7 percent, was clearly broken in recent days. Over 1 percent CAC40 and Eurostoxx50 also grew.
First of all, the mood improved the information that Donald Trump decided to stop applying 50 % by July 9. customs duties on goods from the EU. On Friday, on the occasion of the announcement of this rate, I reminded that Trump could easily withdraw from everything that partly happened two days later. Secondly on Monday, the CSO data about domestic retail sales surprised very positively, which conquered the ratings of commercial companies present in WIG20. The index itself from the March annual revision can be safely called WIG-Consument.
Thirdly, one cannot pass by the political events of the weekend (presidential debate, Trzaskowski's grilling by Mentzen, the famous beer of Trójka Sikorski-Trzaskowski-Menzten. Marsza support), which results in a survival increase in the chance of Rafał Trzaskowski's chance to win in the second round (PolyMarket, Pollter, Opinia24, Ibris) Foreign capital, which a week ago, due to the results of the first round, reacted with the discount of Polish assets. This time they stood out from the market, and it's not just about the WSE, but also about the zloty, which gained over 0.5 percent to the dollar, about 0.4 percent to the euro. And it was clearly stronger than the region's currencies (CZK, Huf, Ron).
WIG20 we had a set of greenery with a clearly better form of retail companies after CSO data on sales for April. CCC shares gained 4.21 percent, LPP went up by 4.03 percent. The Pepco exchange rate increased by 3.89 percent, Dino by 3.34 percent, and frogs by 3.24 percent. Kruk (5.46 percent) and mBank (4.4 %) gained the most in the wallet. Orange (0.84 percent) and CD Projekt were relatively weaker, which were the only ones who gained below 1 percent.
Przemysław Smoliński, BM PKO BP analyst, told PAP Biznes that while in a short term such a reflection looks nice and optimistic, in the medium -time market the market is in consolidation.
“It was only to overcome the summit at the beginning of May could suggest a lasting return of growth, or even in this case the return of a long -term upward trend. These are around 2,900 points” – said Przemysław Smoliński.
“At subsequent sessions, movement towards the summit at the beginning of May may be continued, but only its defeat would confirm the change in the trend in the medium period,” said Przemysław Smoliński.
From the wide market it is worth noting polymex increases (22.14 percent) in response to published results for the first quarter. The march up after disclosure of information about the signing of the letter of intent regarding the new investor continues the Kultronics course (16.57 percent). The Polish Media PMPG (20.87 percent) course, which plans the debut of Orle Piórka Piórka Publishing at NewConnect, distinguished. Torpol (2.07 percent) increase in revenues by 48 percent Growth in terms of rdr – results from the financial report. In turn, Amica's qualities fell by 5.62 percent. In response to quarterly results and PLN 6.7 million, JD net loss, compared to PLN 3.1 million in profit in the same period a year earlier.
Michał Kubcki
