Heavy companies accelerate the reflection. Investors sold rumors to tighten the screws to banks by the president
Almost 4 percent He reflected WIG20 from Monday minima, to which the index of the hardest companies was attracted by the correction from the turn of August and September. Banks are notifying a strong reflection, and investors do not seem to take seriously, rumors, that President Karol Nawrocki, not only through a higher CIT tax for banks, but will even propose his own project with even greater burden. The sector could support the conference of the President of the NBP.
Better moods are perpetuated in the markets and the reflection after declines from the end of August, the echo resounded at the beginning of September. Both on Wednesday and Thursday, stock markets in Europe and the US gained, conducive to reflection on the WSE. What is the right before investors Friday test and reaction to diligently tracked data from the American labor market, but it seems that the whole week will not end so badly. The Polish zloty remained stable on Thursday to both euros and dollar, although Jastrzębie in the pronunciation of the President of the National Bank of Poland could provoke the strengthening of the Polish currency.
At the end of the day, the Polish Blue Chips index gained 1.51 percent. And it was the strongest WIG20 session from August 7. Still on Monday, the index was 10 percent. Below the last summit bull market. From that moment he had reflected by 3.75 percent. WIG gained 1.47 percent on Thursday In turn, MWIG40 went up by 1.83 percent, and SWIG80 by 0.21 percent A strong increase during the Thursday session was not supported by turnover, which was counted on the wide market at PLN 1.5 billion, of which PLN 1.27 billion concerned companies from WIG20.
“Step by step we are growing up and this can be perceived positively. However, this is at the moment a rather corrective reflection after strong declines from earlier sessions. We are below various types of broken support. In the case of WIG20 we are below the local minimum from the beginning of August and as long as we remain below this level, this movement is only short -term, correction. Although at the moment it looks optimistic and it cannot be ruled out. sessions this growth will continue, “Przemysław Smoliński, BM PKO BP analyst, told PAP.
In his opinion, the resistance to WIG20 is about 2870 points. “It was only the output above this level could suggest something positive in the long run, but it would still be difficult to talk about the return of the upward trend. For now, there are no such medium -term purchase signals” – he said.
It can be hard for new peaks this year, because in recent weeks a lot has changed in the prospects of the banking industry. It is true that, despite the percentage reduction served by the MPC and the expected, the Thursday conference of President Adam Glapiński, talking about a cautious council, sounded Jastrzębio, which could be supported by Thursday's recording of banks, further rate reduction is not excluded, especially when the energy prices are frozen. It could be important that, according to BIK, the demand for housing loans in August increased by 52.5 percent. yard, and the number of applications for housing loans increased by 33.8 percent.
Above the sector hangs the specter of adverse tax changes in CIT taxes, and Thursday media reports suggested that in the president's environment there are voices that “banks should be tightened even more.” On Thursday, however, investors did not care about these speculations and concentrated the conference of the head of the Central Bank. It is also worth mentioning that in 2026 state banks may even be more willing to share profits in the form of dividend to meet the budget plan of revenues in this respect, about which more in the article “Orlen, PZU, or maybe banks and energy? Energy? The budget wants more than national champions”.
On Thursday, it was the State Baki who led the growth of WIG20. Pekao gained 3.95 percent, Alior 3.09 percent, while the PKO BP exchange rate went up by 2.76 percent. Over 3 percent He also gained a Dino course separating banks (3.03 percent). and over 2 percent mBank exchange rate (2.56 percent). In total, 18 companies were increasing in WIG20. Under the line there were only the qualities of Kęty (-0.06 percent) and KGHM (-2.05 percent), whose decline was with a clear discount of copper and silver.
The second line stood out the Tauron course (6.07 percent) reflecting with all the energy after recent declines. As I wrote, energy companies in the face of budget needs and government plans may return more broadly to the payment of dividends, and Tauron according to experts is a company that could do it even by PGE. However, Enea overtook everyone, who awarded the dividend this year.
It is worth noting that Asseco Poland shares (10.91 percent) have firmly reflected after publication better than the expectations of analysts results for the second quarter. The gruisy, however, optimism in the hearts of investors poured the information provided by Puls Biznesu that the dividend in 2026 may potentially reach PLN 1 billion only from the sale of own shares, and the net profit generated this year.
There is a rally on Bumech shares (10.41 percent), which yesterday announced a contract in the production and development of armored vehicles to the European market. He gained even more powerful euro exchange rate (23 percent) after a favorable recommendation of DM BOŚ issued for the first time as part of the stock exchange Analytical Support Program. Just before the premiere of the game “Cronos: The New Dawn” scheduled for September 5, and after the first reviews, he gained the Bloober Team course (4.12 percent).
Michał Kubicki
