WIG20 fails to approach less than 20-30 points to the level of 3000 points. Something is still not playing in the game level for the level of index seen last in May 2008. Thursday session ended with strong increases in banks, but also the next day of the ORLEN Action, whose course is heading towards the weakest week since the end of May this year.
WIG20 has been lurking for nearly a week to attack the level of 3000 points. Being from last Friday around 2950 points On Thursday, the session ended with growth again, but he cannot approach less than 20-30 points to the psychological border, behind which the historic peak from 2007 already appears on the horizon.
It seems that all circumstances are conducive to try to break above 3000 points, which may not be excluded in the coming days. On the base markets, the moods are positive, the indexes are growing, the dollar seems to be after a corrective reflection from the beginning of July, and yet we are dealing with consolidation at WIG20 at the bull market peaks.
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On Thursday, the session finally ended with a WIG20 increase by 0.74 percent. WIG was also above naturally, which gained 0.66 percent. In turn, MWIG40 went up by 0.7 percent. and SWIG80 gained 0.12 percent, improving the historic peak during the day, which is now 29,444.73 points. The rotation in the wide market amounted to PLN 1.55 billion, of which PLN 1.29 billion concerned companies from WIG20.
“Good moods after the American -Japanese agreement, which reduces the risk of customs tensions, which has been well received. On the other hand, a good sentiment is maintained to Europe, which is used by large companies,” Mateusz Chrzanowski, the Noble Securities analyst, told PAP.
“In the near future such a situation should persist. There are all the time voices that the dollar still has a space to weaken, which would be conducive to large listed companies,” he added.
The largest exchanges concerned Orlen (PLN 201.5 million), in which shares fell by 0.85 percent this time. And they already have three sessions in a row behind them. The last situation took place in April, when after the so -called The day of liberation served by Donald Trump, the course fell without interruption for five sessions. At the same time, Orlen is heading to the worst week on the WSE from this one ended on May 23 this year, when he gave over 2.5 percent. For now, this week, its discount reaches about 1.9 percent.
Undoubtedly, it was the largest brake of WIG20 growth on Thursday. Weaker at high speed around PLN 120 million were Dino shares (-0.14 percent), and KGHM survived quite neutral (0.04 percent). Pepco shares (-2.74 percent) were the worst in WIG20, where investors could get scared of the bankruptcy of a German company from the group. Over 1 percent CD Projekt (-1.28 percent) and Budimex (-1.01 percent) also fell. There were a total of 10 courses of the largest companies under the line, the same as in the plus.
The index increased was provided by an excellent attitude of banks, whose index gained 2.45 percent. In WIG20 itself, all large banks were distinguished by clear increases: Alior (3.64 percent), PKO (3 percent), Pekao (2.46 percent), Santander (2.32 percent), mBank (1.32 percent). Next week, the resulting season for the sector from the Millennium report publication begins through the reports of ING, mBank and Santander.
“It seems that this is the tilling of our market in their portfolios. In the case of banks, we enter the phase of percentage rates, which can negatively affect their results, and despite this banks hold on firmly” – said Mateusz Chrzanowski. On Thursday we had the ECB decision, which interrupted the cycle of cutting feet in the euro area.
On the so -called After a few days of dynamic increases, a wide market corrected down the course listed in the mWIG40 Jastrzębska Spółka Węglowa. The company's papers got cheaper by 1.67 percent From Friday, July 18, JSW increased by 22.6 percent. The Azoty Group (-2.81 percent) returned to the declines. This company gained over 4 percent on Wednesday, while in the previous seven sessions a total of 8.9 percent fell.
