WIG20 defends itself against the inheritance series on the stock exchange. Thirteenth inheritance Rafako session in a row, 90 % exchange rate lower
The start of the new abbreviated stock week brought an attempt to catch your breath after a series of three inheritance sessions on WIG20, which in the shadow of the growth of aversion to risk in global markets due to the conflict of Israel and Iran. However, the index of large companies from the Polish stock exchange gained only minimally, although in the base markets the reflection was more clear. The thirteenth inheritance Rafako session, whose course is heading towards historical minima, paid attention to the WSE.
WIG20 gained 0.27 percent, interrupting a series of three inheritance sessions in a row. WIG was higher by 0.22 percent, with an increase in mWIG40 by 0.2 percent and a decrease in SWIG80 by 0.18 percent The turnover was smaller than usual this year and on the wide market they were counted at PLN 1.68 billion, of which PLN 1.4 billion concerned companies from WIG20.
The current week on the WSE is shorter, due to the holiday of Corpus Christi falling out on Thursday (no session). The week will end on Friday, when investors' reactions to the Wednesday decision of the Fed, Thursday Bank of England and Switzerland, as well as variability caused by settlement on the term market. All this investors will value, listening to new news from the Middle East.
Monday showed that the risk of greater turmoil on financial markets related to the exchange of fire between Israel and Iran, perhaps it is not as big as was afraid, or at least the investors temporarily stopped paying as much attention to them as at the beginning of Friday's military activities by Israel.
The weekend, counted according to art from Friday evening, brought Iran's answer, but as experts indicate, it did not cause much damage to Israel. There were calls for mediation. The President of Iran Masud Pezeszkian assured that the country did not seek to have nuclear weapons, but Israel continued to pursue its goals and informed on Monday that he achieved “air advantage” over Iran.
“The range in which warfare can spread is probably dependent on the involvement of the US/Russia in the coming weeks and days,” wrote Ed Mills, politics analyst at Raymond James in Washington.
At the start of the new week over 1.1 percent It lost gold, and over 4.5 percent Oil what revealed a decrease in risk aversion. This was also seen in the stock markets. The TA-35 index, grouping the largest Israeli companies from the Tel Aviv Stock Exchange, despite Izreal's bombings, gained 0.47 percent at the session on Sunday. and gained about 1.8 percent on Monday. DAX grew by about 0.9 percent, just like CAC40. On Wall Street, S & P500 (approx. 1.2 percent) or Nasdaq (1.5 percent) gained even more. On their background WIG20 looked relatively poor, although in the morning it gained over 1.1 percent. However, this increase was quickly returned, and most of the day consolidated slightly above the level of 2,700 points.
In WIG20, 13 companies have completed the green session. Under the line there were CD Projekt (-2.25 percent), CCC (-2.59 percent), budimex (-2.22 percent) and minimally allegro (-0.47 percent), PZU (-0.27 percent), mBank (-0.21 percent) and Kruka (-0,15proc.). The leader of the growth was the qualities of PGE (2.81 percent), reflecting after Friday's sale, when they were discounted by nearly 11 percent. Clear increases were also seen in Dino (1.46 percent) and Orlen (1.73 percent) actions. Slightly lower increases were at KGHM (1.05 percent), Pepco (0.98 percent), Żabki (0.84 %), Kęty (0.84 %) and Orange (0.83 percent), Alior (0.83 percent) and LPP (0.82 %). Santander, PKO and Pekao shares gained less than 0.1 percent It is worth noting that in the case of Orlen on Friday, two members of the company's management board informed about the purchase of the company's shares.
From the lower market segments, the 11 bit studios exchange rate (4.48 percent) was again strong, which gained after the premiere of The Alters and the weekend reception of the title by players. At Steam, the game collected very high reviews, and the players of players, i.e. users of the platform playing at the same time, amounted to over 18 thousand. people. On Monday, the Erste Group analyst Krzysztof Tkocz increased the recommendation for 11 bit studios for “Buy” from “Akumuluj”. The target price was set at the level of PLN 296, which gives 30 percent. Potential of growth against the last course.
It is worth paying attention to Columbus' (-1.72 percent), on which the message of the new board of Saule (trade suspended for the lack of an annual report) showing the opening report, which shows that the commercialization of peroskite cells requires huge capital expenditure and years of work. Columbus is the second largest shareholder of Saule, where in May there was a “earthquake” related to a financial collapse, a departure of the research team and a sharp conflict between the co -founder Olga Malinkiewicz and investors.
The biggest discount on the Main Square was again experienced by the Rafako (-36.22 percent) course, which the session ended at PLN 0.1620. The historical minimum of December last year is PLN 0.1276. It was the 13th session in a row, in which the exchange rate scored a daily decline and discount by 90 percent at that time. At the beginning of June, over PLN 1 was paid for shares. Over a month ago, in the first half of May, when I wrote about the situation of Rafako and the fact that in the whole slogan “Help Rafako” is not about saving the company itself, but jobs and assets, and trade in shares is speculation, the course was nearly PLN 1.26. So much for the shares was paid on May 28.
Michał Kubicki
