GPW brake banks. “Domański's tax” is still reflected in hiccups

publication
2025-08-18 17:10
The Monday session at the Warsaw dance floor ended with small increases in the main indexes. The balance of the day would be much better, were it not for the cheap shares of banks, which were most likely harmed by ministerial plans to introduce a new tax.


After the negative opening of WIG20 for most of the day, he balanced near the Thursday closing course. Only the last two hours of trade have brought a delicate advantage of the demand and turned the stock market benchmarks above the line. WIG20 managed to gain 0.42%, but remained below the border of 3,000 points.


– In the first half of August, WIG20 broke both the last local maximum and, more importantly, the upper limitation of the long -term growth channel, suggesting further increases as part of a long -term trend. However, after a few days of consolidation in the second half of last week, he retreated below these broken resistance, starting correction – Przemysław Smoliński, BM PKO BP, told PAP Biznes.
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Banks' weakness was visible from a distance. The sector WIG-Banki gave 0.4% and outside the niche Wig-Leki was the only such clearly lowering industry index. Let us add that on Thursday (on Friday the session was not on the occasion of the Polish Army Day) WIG-Banki scored a decrease by 2.1% after the statements of Minister Andrzej Domański about the introduction of another tax on the banking sector.
On Monday, the market apparently still reacted to these reports. It is still unknown what tax is about and what the amount will be. It is speculated that it is about the previously announced tribute from revenues from the interest rate on the mandatory reserve, which would deprive banks of about PLN 2 billion in 2026 alone.

In addition to the banking sector, however, the greenery of growth dominated. Among the Blue Chips, CD Projekt (3.4%), before Dino (2.5%) and Orange Polska (2.6%) were the most gaining value. Among the slightly smaller companies, they stood out with PAK (+5.8%) and autopartner (+4%).
In turn, Echo Investment, who increases 6.7% of the qualities of 6.7%, splashed in SWIG. The developer company announced the sale of its institutional rental business for PLN 2.4 billion. The buyer is Vantage Development, a company belonging to the German Tag Immobilien Group.
Attention was also drawn to over a 15 % shot of the SA course. During the session, the company announced the revenues for July, which amounted to almost PLN 3 million and was more than twice as high as a year ago.
mWIG40 scored an increase of 0.89%, while SWIG80 managed to improve only by 0.19%. WIG recorded an increase by 0.50% and still remains close to the range of all -time peak last Wednesday. Turnover on the wide market on Monday was summarized at PLN 1.7 billion.
Globally, the results of the Friday Trump-Putin peak went without much echo. The war in Ukraine is still going on and does not seem to be going to the end. Tonight, the President of Ukraine Wołodymyr Zelanski with US President Donald Trup will talk about its end. Theoretically, even long -term suspension of weapons unfavorable for Ukraine in a short term could increase the valuation of shares on the WSE. For now, however, there is no greater chance for this.
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