A modest session at the end of a successful week. Clothing with strong increases

Small changes to the main indexes were brought by a session on the WSE in the final of the week, which, however, brought strong increases. On the cheaper dollar in the eyes, importers from the clothing sector began to gain strongly.


On Friday, WIG20 gained 0.09 percent on the WSE, and went up by 2.9 percent throughout the week. WIG, in turn, increased by 0.34 percent at the session, to 103 728.06 points, and in the whole week it rose by 3.3 percent. However, MWIG40 gained 0.35 percent on Friday up to 7,912.16 points, when it increased by 4.3 percent throughout the week. SWIG80 gave 0.38 percent at the session and gained 0.6 percent In the whole week, which ended at 28,800.27 points. The turnover on Friday amounted to over PLN 1.59 billion, of which companies from WIG20 were responsible for over PLN 1.34 billion.
“The stock exchange has a very interesting period behind it. May we finished at the WIG20 level 2,770 points, while in June, for a large part of the month, it seemed that there was a risk of closing at a lower level. Meanwhile, the end of this week caused the entry higher and the month should be closed above 2,800 points. Noble Securities analyzes and advice.
“There is a saying 'Sell in May and Go Away', but at this moment it did not work. June we are finishing at a higher level than May, and statistically July is a good month
In his opinion, the Warsaw Stock Exchange is under the influence of the weakening of the dollar, which loses to the euro due to the uncertainty related to President Trump's policy.
“At the moment we have two opposing factors. On the one hand, it is uncertainty related to President Trump's customs policy. His decisions and pressure on the Fed regarding the reduction of percentage rates, as well as the possibility of quick presentation of the new head of the FED causes the dollar to weaken. When the aversion of global investors progresses, we have an increase at euro. It could be maintained, there is a potential to approach 1.2 and maybe even above ” – said Sobiesław Kozłowski.
“This translates into the strong behavior of the zloty, into USD/PLN we have 3.615, this is the lowest level from 7 years. If this would be confirmed in a weekly or monthly basis, then technically it would open the possibility to the level of 3.30, very distant from the current perspective. This is where we have good behavior of Polish actions, it also supports the quotation of Polish banks, despite the expected reduction of the reference rate by the reference. RPP ” – he added.
In WIG20, the qualities of clothing companies have maintained good form. On Thursday, one of the factors could be a reaction to H&M results, but also a dollar cheaper in the eyes is good information for imports, which are such companies as CCC (3.5 percent), LPP (3.26 percent), Pepco (0.94 %).
Allegro (2.23 percent) and Santander (1.9 percent) were also strong on Friday. Other banks such as Alior (1.58 percent) and minimally mBank (0.36 percent) and PKO (0.05 %) have also gained. In turn, just below the line was the Pekao course (-0.06 percent). In total, there were 7 companies in the downside. Orlen (-1.33 percent) correcting recent increases gave the most. Over 1 percent He gave the Kęty course (-1.2 percent). KGHM, PZU, PGE and Żabki courses were shining in red.
From the so -called The wide market was drawn to the discount of Pure Biologics (-22.71 percent), where the announced application for bankruptcy was announced. Rafako (-2.91 percent) informed just before the end of the session that it had concluded a lease agreement.
Mku




