A hot weekend is being prepared due to the improvement of weather and, above all, the second round of presidential elections, which will decide who will be the head of state for the next 5 years. The polls do not answer who will win (we collected those from the last hours here).
In the last hours, the financial markets show that investors are choosing strategic positions so as not to wake up with a very depleted portfolio on Monday. The Polish currency is weakening on the currency market, and euro and dollar courses go up.
“The second round of elections is not only a political event. It is also key gameplay from the point of view of financial marketswhich may result in a rapid change in the valuation of the zloty and the dollar and euro courses, “warns Łukasz Zembik from Oanda TMS Brokers. He expects that Rafał Trzaskowski's winning script for Zloty would be a positive scenario for the zloty.
The first part of the session on the Warsaw Stock Exchange looked similar. Already in the morning the main indexes were in the minus. In the case of WIG20, the declines were at 0.7 percent. Around 13. deepened to 1.5 percent.
WIG20 index on the halfway point of the Friday stock market session
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STOOQ.PL
Warsaw Stock Exchange is the worst in Europe
If worse moods remain until the end of the day, this will be the second clearly inheritance session in a row. This would show nervousness in connection with the uncertain result of the presidential election.
It is worth noting that The Polish stock exchange from the WIG20 index perspective is the worst in Europe on Friday. In the vast majority of countries, the quotations are green, which means increases in the valuations of companies. These are not big increases, but still.
The main indexes of European stock exchanges on Friday
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Inwestinfo.pl
The Warsaw stock exchange before the presidential election
Returning to the Warsaw Stock Exchange, it is worth noting that among the largest companies They lose their value strongly, among others shares of state -owned companies. Polska Grupa Energetyczne (PGE) is 5 percent on the downside. Over 2 percent under the line is PKO BP. There is also a lot of pessimism among mBank shareholders (-5 percent), as well as Orange and LPP (they lose over 2 %).
Among the smaller companies, the: Urteste (-10 %), Game Operators (-7 percent) and Columbus (-6 %) are negative. In fact More than half of the WSE companies shine in red.
At the same time, approximately every third company manages to avoid sales. In WIG20, Orlen and CD Projekt are minimally above. The stars are Inc (+25 percent) and EUCO (+21 percent).
At the semi -session, the value of purchase and sales transactions in Poland exceeded PLN 1 billion.
