Rally on JSW actions. Energy companies are growing when the announcement of the new department appears
After two inheritance sessions, the WSE indexes returned to the upward path and ended on Wednesday in green. PGE and LPP shares were the best of the Blue Chips, and Orlen's quotations were on the other side of the market.
Wednesday brought a return to the Warsaw Stock Exchange, although the advantage of demand over supply has been systematically melting since the third hour of the session. Basic markets behaved similarly, where the German Dax, gaining in gusts of 1.20%, increased close to 0.67%closure. Without fireworks, a session in the United States also began, where at 17:00 Polish S&P and NASDAQ time gained 0.29% and 0.12%, respectively.
WIG20 ended trade, gaining 0.59% and reaching up to 2,946.62 points, WIG strengthened by 0.54%, reporting at an altitude of 107 975.62 points. MWIG40 and sWIG80 gained 0.39% and 0.47%, respectively.
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The value of trading on the Warsaw stock exchange amounted to PLN 1.93 billion, of which about PLN 1.64 billion concerned companies from the WIG20 index. The highest value of turnover took place at PKO BP (PLN 423 million), Orlen (PLN 213 million) and KGHM (PLN 140 million).
The most important political event of the day, which could have influenced the preservation of the shares of some companies (especially those with the participation of the Treasury) was the reconstruction of the government of Prime Minister Donald Tusk. The current Minister of Finance Andrzej Domański became “Superministre” from finance and economy. The Minister of State Asset said goodbye to the portfolio Jakub Jaworowski, who will be replaced by Wojciech Balczun. The new Ministry of Energy was covered by Miłosz Motyk.
PGE shares gained 4.12%on Wednesday, which was the highest result in the WIG20 index. The qualities of smaller companies from the energy sector were also expensive, which indicates that investors can look at the hope of establishing the deposed of the ministry. Tauron and Enea's quotations have grown 2.67% and 2.33%, respectively.
LPP (+2.27%), KGHM (+1.92%) and Kruk (+1.70%) were also doing well in the Blue Chip index on Wednesday. Copper prices increased intensively this week, returning just below the level of $ 10,000 per ton.
0.84% gained Pekao's quotations. The Ministry of Finance is working on legislation, which is to secure the State Treasury shares in the bank against sales. New regulations regarding the restructuring of financial groups are to be introduced, including the possibility of connecting banks with other companies in the capital group, which corresponds to the plans to connect Pekao with PZU – he reported “Puls Biznesu”.
Orlen shares were the most discounted on WIG20 on Wednesday, which withdrew by 1.11%. 0.64% lost the value of Orange shares, whose offers were taken by UOKiK. The office did not like the company presenting discount prices, as if they were permanent prices, for which it may be punishable by up to 10% of annual turnover. T-Mobile was also found in the COKiK crosshair for the same practice.
Among the medium -sized companies, JSW shares included another strong session, which gained 5.31% on Wednesday and have grown by 20% from Monday. In recent days, information on the Appeal of Trade Unions has positively influenced its listing for the company and its employees with protection in the amendment to the Act on the functioning of hard coal mining, which could allow for reduction of employment.
On Wednesday, JSW announced the launch of the MetH2GEN research and development project, which aims to simultaneously reduce methane hazards in mines and transform waste methane into hydrogen. The project was co -financed by the European Union.
The Azoty Group has gained 4.08%. PAP Biznes announced on Tuesday about the company's concluding a preliminary agreement with banks financing it. In addition, unofficial information appeared that the State Treasury is considering recapitalizing the Azoty Group for an amount of up to PLN 1.6 billion.
In the group of small companies, the attention of investors could draw a shot of Molecure. The company's shares gained over 12.54%on Wednesday, which was not accompanied by new messages on the company's ESPI channel. Medicalgorithmics's qualities have strengthened 6.45%. The company announced integration with one of the key customers in the USA. On the news about a new order for research work worth approx. PLN 11.9 million, Selvity shares have grown by 6.39%.
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