publication
2025-08-13 17:08
The Wednesday session at the Warsaw Stock Exchange was dominated by two large companies. PKO BP shares were expensive after the publication of six months, and last year's dividend was cut off from the Orlen course. WIG20 ended the day under the line despite the greenery of increases on the base markets.
It has been known for weeks that it would be a hard day for WIG 20. It is about pure mathematics and the way of calculating this benchmark. Because WIG20 is a price index (just like mWIG40 and sWIG80), it is a routine procedure for cutting off such a large dividend from such a “heavy” company as Orlen usually brings this index to the line. Anyway, it was similar on August 4, when only cutting down the dividend from the PKO BP course translated into the loss of about 1%by WIG20.
Today WIG20 has been “relieved” by nearly PLN 7 billion (i.e. PLN 6 per share) of the dividends of Orlen. With over 12 % weight of this company in the WIG20 index, this translated into a loss of nearly 0.9 points. percent Already at the start of today's session. But cash from Orlen will go to the brokerage accounts of investors only on September 1.
Hence, the Wednesday decrease in WIG 20 should not particularly worry about investors. Our front index ended on Wednesday at 2,997.03 points, which meant a regression by 0.57%. So without the “Orlen effect” it would even be an upward session. The turnover on the Main Square was calculated at PLN 1.87 billion, of which PLN 1.62 billion fell on companies from WIG20.
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And there, the exchange of shares focused on the already mentioned Orlen (PLN 276 million trading) and on the value of PKO BP (PLN 323 million). The shares of the largest Polish bank increased by over 2% after the publication of the report for the second quarter. PKO BP net profit turned out to be clearly higher than the market consensus, located within the boundaries of the most optimistic forecast. In the first half of 2025, the PKO BP Group generated PLN 5.13 billion in net profit – 16.7% more than a year ago.
Instead, the publication of preliminary respect for Poland's domestic product for the second quarter underwent a publication of preliminary respect of the Polish gross product. As expected, the annual GDP growth accelerated to 3.4% relative to 3.2% recorded in the first three months of 2025. It may not be an excessively sensational result, but economists quite unanimously count on the better half of the year. Such forecasts support the scenario of the continuation of the bull market on the WSE – at least until the end of this year.
In industry terms, energy was poor today. PGE shares were overestimated by 1.7%and Tauron by up to 5%. The WIG-Energia index made a 2.2%decrease. Let us just remind you that this benchmark is the industry vice-leader of this year's Hossa on the WSE and despite the recent declines this year he records an impressive, over 74 % return rate.
For the order, let's also add that the so -called second line. mWIG40 scored a decrease by 0.5%and SWIG80 gave 0.2%. For about three months, both of these indexes have been clearly weaker than WIG20, on which cards are distributed foreign capital. And this one did not have too many reasons to complain on Wednesday, because the main indexes in Europe shone green, and the session at Wall Street began with a slight improvement in historical records from the previous session.
