The Monday session brought a continuation of the reflection on the Warsaw Stock Exchange. The increases in the main WSE index took place at the increasing courses of most companies from WIG20. The expert points out that a greater relaxation can be brought by Wednesday after voting on the vote of confidence in the government.
Already on Friday afternoon there was a desire to reflect WIG20, which in the first part of the previous session went down around 2650 points. It ended with a reduction in the discount caused by the Marshal Hołownia, but on Monday the result of the continuation of the relief was the increases. Importantly, counted despite the declines at DAX and CAC40, but with the accompaniment of increases at Wall Street, where the indexes climb towards historical peaks.
On Monday, WIG20 gained 1.22 percent After the session under the control of demand, WIG increased by 1.06 percent. And he returned above the level of 100,000. points In turn, by 1.11 percent mWIG40 increased, and SWIG80 was under the line after a decrease in 0.33 percent. The rotation in the wide market amounted to PLN 1.77 billion, of which PLN 1.54 billion concerned companies from WIG20.
“As for WIG20, we are at an interesting moment that looking in a monthly period, we tested the summit from January 2018, i.e. 2650 points last week. And in this moment it is important support. This is the achievement of defense of this support and the exit above the psychological level of 2,700 points. On the other hand, such a key limitation, when it comes to WIG 20, there is a level of 2914 points. We also have a fairly wide range of consolidation.” Business Sobiesław Kozłowski, director of the Noble Securities Analysis and Advisory Department.
According to the analyst, the key to answering whether WIG20 will go more towards this year's summit, or cooling, there will be the behavior of banks and whether the ideas that Marshal Hołownia signaled, about banks or perhaps developers, materialize. “More can be said after Wednesday's expose,” said Kozłowski.
In WIG20, 18 companies have been increasing. After the Friday sales caused by the interview of the Sejm Marshal Szymon Hołownia and threats of banking tax on “extraordinary” profits, the largest banks tried to reflect. PKO gained 2.03 percent, Pekao went up by 1.4 percent, and mBank by 2.04 percent. The entire WIG-Banki bounced 1.53 percent After a decline by nearly 1.8 percent on Friday.
Other companies also included reflection, whose quotations were offended in recent days. The most powerful of this group gained a Budimex course (4.23 percent), which for the previous 9 sessions, up to 8 finished. Also, the Kruk course moved boldly up (2.57 percent) after several consolidation sessions in the area of over a month's minima. The CCC exchange rate (1.49 percent) reflected after a series of inheritance sessions, in which the exchange rate fell below PLN 200 for the first time since early April. At the end, PLN 200.70 was already paid for one footwear giant, which will show the results for the first quarter of the financial year this week. In WIG20, there was only the Allegro (-0.24 percent) course under the line, and Kuyrs Orange remained neutral (0.0 %).
On the upward path there is a PGE course, which gained 2.09 percent on Friday. and 3.14 on Monday and CD Project with an increase of 3.2 percent. On Friday and 0.26 percent On Friday, information appeared that Citi raised a recommendation for PGE, and the target price of the shares was set at PLN 10.80. The energy industry is this year's HIT on the WSE.
From the wide market, it is worth paying attention to the 11 bit studios course (3.76 percent), which is gaining before the premiere of the game “The Alters” planned for Friday. In turn, Cyber_Folks (2.42 percent) gained after information about the acquisition of the Romanian hosting company Hosterion for EUR 6.7 million. After a strong Piątkowynm rally up the Sphinx Polska course, after information about taking action to sell the Sphinx restaurant chain, on Monday the company's course was significantly corrected by falling by 11.86 percent.
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