The first session of July Anno Domini 2025 passed most of the time on small changes in the main indexes from the WSE. The result of the session, however, fell on WIG20 and WIG with daily minima. Before this happened, the wide market index managed to improve the session record of all time. Attention was drawn to the sale on shares from PAK controlled by Zygmunt Solorz.
Markets observe how trade agreements between the USA and their partners are shaping, because Trump's 90-day suspension of his highest tariffs is to expire next week. This week, the data from the American labor market will definitely pay attention, i.e. one of the two areas of responsibility (next to the inflation level) of the Federal Reserve. On Tuesday, on the macro section, investors received a surprisingly poor reading of industrial PMI from Poland. The second month in a row for the ECB was eurinflation. The new minima for many years deepened the dollar, but from the south the USD/PLN exchange rate began to reflect, which, however, was a derivative of correction on the EUR/USD pair.
In global markets, the session was calm. Coried the recent increases in Wall Street indexes. At the end of the session in Warsaw, Nasdaq gave around 0.8 percent, but S & P500 lost only 0.2 percent. DAX reduced by 0.8 percent And it was with the German index that the WIG20 correlation was visible, which began to move away from the neutral levels in the last hour of the session, ending at the daily minima. In the afternoon we had the speeches of central bankers (including Ch. Lagarde and J. Powell) at a conference in Portuguese Sintra. The head of the Fed said that it is now a good idea to wait with the stings and find out more about the impact of customs duties.
Ultimately, WIG20 gave 0.66 percent With WIG decrease by 0.47 percent The oldest Polish index climbed in the first hour of the session at 105 315.63 points, which is a new historical record. WIG20 had a chance for the bull market (not to be confused with the historical record), but less than 35 points was missing. MWIG40 gained 0.17 percent at the end of the day, and SWIG80 gave 0.62 percent, confirming the last breath of larger companies. Turns on the wide market were counted at PLN 1.96 billion, of which PLN 1.58 billion concerned WIG20.
Although investors are now entering the second half of the year with actions at record high levels, some remain optimistic that the market may increase even more in the coming months.
We think it will be a wider revival. I think that with the Fed reduction in the second half of this year or next year, we can see a gradual revival, because now there is quite a lot of accumulated demand, especially in those percentage -sensitive parts of the market – said Mike Wilson, the main strategist of American shares and the director of investment in Morgan Stanley.
The Morning Reading of the PMI indicator for the Polish industry was in the Center for National Investors. “The data turned out to be clearly weaker than the market consensus – the June PMI amounted to only 44.8 points, regarding expectations of 48 points, the publication may raise concerns about the country of national industry, the more that the authors of the study indicate weakening market conditions and business optimism in the environment of uncertainty related to geopolitics and the influence of American cells (which influence the Polish economy (which influence the Polish economy (which influence the Polish economy Indirectly by participating in the EU export to the USA) ” – wrote in a comment for PAP Biznes Arkadiusz Banaś, an analysis expert in the Alior Bank Analysis and Advisory Team.
On Tuesday, from the beginning of the session, the energy segment did the best, but WIG Energia, like the entire market, caught breathlessness in the second part of the session and gained 1.15 percent. Ultimately, the PGE exchange rate gained 1.36 percent, and Enea gained 5.01 percent, and Tauron gained 0.95 percent. However, the exchange rate with PAK (-19.69 percent) was the most, when it turned out that the threads from the sale of the PGE group gas power plant. In mid -May, the potential sales of the Adamów CCGT power plant for a respectable value of PLN 1.7 billion stood for a new high recommendation for the company with PAK issued by BM Pekao. After making it public only at one session, the course with PAK gained over 30 percent. The greatest shareholder with PAK is one of the richest Poles Zygmunt Solorz together with related entities, and Tuesday discount meant that only due to shares in the energy company's value of his assets dropped by about PLN 190 million.
Orange (1.55 percent), LPP (1.4 percent) and Żabka (1.16 percent) were more strongly up in WIG20. Orlen and KGHM courses have gained less than 0.5 percent. The Pepco course (0.0 %) was neutral. The largest discount in the Blue Chips basket concerned a budimex (-2.48 percent). CD Projekt (-1.71 percent), Allegro (-1.63 percent) and Alior (-1.44 percent) Over 1 percent They also gave the prices of CCC, Pekao, Santander, PZU and PKO shares. The banks were under pressure, but in recent days they gained strongly, so decreases should be considered a natural correction. WIG-Banki gave 0.98 percent on Tuesday Tomorrow, banks are waiting for the MPC decision on interest rates, and on Thursday the conference of the President of the NBP prof. Adam Glapiński. Although the cut one month ago by analysts was postponed to September, there are also voices that in July the MPC will reduce interest rates again (in sowing no decision meeting).
From the wide market, it is worth paying attention to the PGM SA (13.99 %) course, which after a message on the decision to restart and develop the ability to produce large -scale production of anti -personnel by the subsidiary. More about NewConnect military star in tomorrow's article at Bankier.pl.
Mku
