WIG20 turned over the abyss. Strong banks' increases and a successful debut of Arlen

It was an important session for the Warsaw dance floor. WIG20 in an impressive style defended the support line and at least for now dismissed the spectrum of deeper correction. Investors sought out banks' shares. A successful debut was made by a uniform producer using fashion for military companies.

After a definite Monday decline, the technical situation of WIG 20 was not particularly happy. The flagship index of the Warsaw Stock Exchange was below 2,700 points and arrived dangerously close to the support zone determined by the mid -session minima from May and June.

While the Monday discount was attempted to translate with American Iranian bombings and the threat of blockade of the Strait of the ORMUZ, both the oil market and the stock exchanges in the USA and Europe behaved very calmly. A dozen or so hours later it turned out why. US President Donald Trump announced on Tuesday on his Truth Social social networking site that the ceasefire between Iran and Israel began to apply. And although later there were reports of a break of the truce by both sides of the conflict, the markets decided that Trump would bring to the order of both.

At the WSE, this was revealed by the definite increase in the relief. WIG20 after a fairly monotonous session gained 2.57% and ended Tuesday trade at 2,762.70 points. It wasn't until the end of the session that the speed started. Finally, the owner changed shares for over PLN 2 billion in the wide market, of which PLN 1.75 billion fell on WIG20 companies. During Monday's declines, investor's activity was smaller than the average in recent months.

– For now, we are not talking about the return of the upward trend. These are short -term movements. WIG20 remains in consolidation for several weeks and even closer to its lower restriction than to the upper one – Przemysław Smoliński, BM PKO BP analyst, told PAP. According to Smoliński, the upper limitation of consolidation is about 2.860 points, while the lower 2,650 points. And only overcoming this first level could be interpreted as a signal of a long -term growth trend return.

Banks' shares were the brightest market segment today. The Pekao course went up by 6.25%, PKO BP shares went by more than 6%, and mBank by 5.8%. The WIG-Banki index crowned the day by an increase of over 5% after it lost over 11% from the beginning of June to the end of the Monday session.

A quite successful debut was made by the producer of uniforms for the army, police or fire brigade. Arlen's actions during their first session increased by 7.2%. It is worth adding that the money from IFO did not go to the company, but to its main shareholder. However, this debut showed how strong the demand for the actions of issuers associated with the arms industry and can earn on the growing portfolio of orders for the army throughout Europe.

Meanwhile, we received a report on May retail sales in Poland from the macroeconomic front. Although the increase in sales was clearly weaker than in April (where the calendar effect decided), economists were satisfied with the continuation of the growing dynamics of furniture, household appliances and RTV.

Without much echo, the decision of the CD Projekt, which decided to pay PLN 99.9 million dividend from net profit for 2024, which gives PLN 1 per share. That's the same as a year earlier. CD project shares increased by 1.7%.

KK

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