WIG20 in the shade of the dividend PKO BP. The WSE did not flow on the upward wave

Cutting out a large dividend from the PKO BP action course meant that the entire WIG20 ended the Monday session under the line. But even without this factor, our stock exchange came out pale today against the background of intensively doing their Friday losses of foreign markets.

WIG20 ended a Monday session at 2,880.23 points, which meant a loss of 0.16%. During the day, however, the declines were deeper and in this way WIG20 reached the lower limit of July consolidation after he was testing a round level of 3,000 points on Thursday. So, in the basis of technical analysis, we found ourselves in a key place-breaking the zone 2830-2850 points would open the way to continuing the correction.

Disputation of the dividend from the PKO BP share course was considered a dispute. The values of the largest Polish bank were today listed without the right to participate in the division of last year's profit in the form of PLN 5.48 per share. And because WIG20 is a price index, this type of operation reduces its value. In this case, it was a considerable effect, because PKO BP has almost 15%share in the WIG20 index portfolio, and the dividend rate itself was as much as 6.75%.

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The scale of the impact of this event is best seen after the behavior of WIG, which gained 0.84%. WIG is an income index – that is, it also includes income received by investors from dividends received or rights. Thus, the operation of “Dividetry Division” PKO BP reduced the daily dynamics of WIG 20 by nearly one percentage point. Instead, the actions of the other banks went up to 1-2%, opening the list of the most expaining blue chips. WIG-Banki grew by 1.74%.

But even taking into account this event, the Polish dance floor presented poorly against the background of the base markets. For increases in Paris, Frankfurt or Milan exceeded 1%. The Monday session at Wall Street began with over one percent increases. In the world, we had a relaxation after strong Friday falls, while WIG20 still deepened the Friday discount.

– Both on American stock exchanges, which give the tone to the whole world and on the Warsaw Stock Exchange, we have been a correction from the second half of last week from the second half of last week. At the moment, we can wonder if these are only short -term declines, or will turn into something longer – Przemysław Smoliński, BM PKO BP analyst, told PAP.

The so -called second line. mWIG40 gained 0.87%, and SWIG80 barely moved, growing by a modest 0.44%. The turnover, which was summarized in the wide market, were also characteristic, which was summarized on the wide market at less than PLN 1.3 billion.

Among the smaller companies, a correction was caught on the bumech actions, which got cheaper by more than 13% after nearly 90% increase from previous two sessions. The catalyst for such strong increases was to sign a letter of intent regarding the production of armored vehicles.

On the opposite side of the market there were Coal Energy, who is growing by over 10%. The Ukrainian company listed on the Warsaw Stock Exchange would be interested in the extraction of coal in Poland – he said “Puls Biznesu”. However, for now everything is in the concept and preliminary declaration phase.

XTB shares increased by more than 3%, despite the fact that in the morning the broker informed its clients about technical problems related to the placing of orders for shares and ETFs listed on the WSE.

KK

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