During the Wednesday session, the main indexes of the Warsaw Stock Exchange tried to make up for the last losses, but the demand force clearly decreased at the end of the session. Among the largest WSE companies, Orlen and KGHM have strongly gained, which is favored by the situation on the copper market.
On Wednesday, September 3, the WSE indexes followed in the footsteps of most global markets, on which increases dominated. When the session ended in Warsaw, DAX gained 0.49%, CAC40 grew by 0.84%, and S & P500 and Nasdaq increased by 0.54%and 1%, respectively.
The event of the day on the macro side, in Poland, was the September interest rate reduction by 0.25 pb. made by the Monetary Policy Council. Following this, loans, installments will fall, and creditworthiness will increase.
Although the balance of the session came out, the reflection on the WSE turned out to be modest. The scale of growth on the Polish stock exchange clearly weakened at the very end of the session. As a result, WIG20, which previously gained about 1% and fought to exceed 2,800 points, ended trade, increasing by 0.44% and stopping below important resistance.
WIG gained 0.50%, checking at the level of 104,458.97 points. MWIG40 strengthened by 0.87%. SWIG80 has grown by 0.24%.
The value of turnover on the WSE amounted to PLN 1.71 billion, of which approx. PLN 1.49 billion concerned companies from the WIG20 index. Investors mainly traded in Orlen shares (PLN 307 million), PKO BP (PLN 291 million) and Allegro (PLN 171 million).
Among the largest companies from the Warsaw stock exchange, Orlen shares grew the most on Wednesday, which increased by 2.48%. At the end of Tuesday's session, the company announced the plans of the Polish Press Group restructuring and sale plans. On Wednesday, in turn, she provided data on the model refinery margin for August, noting its decline in relation to July.
KGHM ratings, which gained 2.37%, were the second highly more expensive Vigor in WIG20. The company's shares follow in the footsteps of a copper course, which broke the level of $ 10,000 per ton on the London Stock Exchange on Wednesday. On Wednesday, PGE papers with an increase of 1.79%took third place on the podium.
The mixed image was presented by the banking sector. PKO BP (+0.67%) and Alior (+0.63%) ended in the plus of the session, but mBank (-0.28%), Pekao (-1.01%) and Santander (-1.17%) ended under the line. The WIG-Banki sector index lost 0.14%on Wednesday, which shows that the industry still cannot shake off after turbulence from the end of August.
AB (+4.65%) shares (+4.65%) stood out in the group of medium -sized companies, whose management adopted dividend policy on Tuesday for the 2024/2025 – 2027/2028, recommending the separation between 60% of profits between shareholders.
Vercom, whose shares increased by 4.17% after presenting the results for the second quarter. The company generated a net profit of PLN 22.6 million in it. The company's management also announced a purchase of own shares.
2.53% were gained by Azoty Group shares, which announced the extension of the Azoty Polyolefins Group with banks until 12 September.
In the SWIG80 index, the qualities of the bumech, which gained 13.56%, increased the most. The company announced on Wednesday about the conclusion of a cooperation agreement with the South African OTT Technologies. Thus, its announcement of entering the defense sector begins to take real shapes.
4.03% of the shares of the Environmental Protection Bank, which was the second strongest company in SWIG80.
An interesting movement could be observed at the Bloober Team shares, which first increased by 6% after the publication of the interview of the president of the PAP Biznes company, and then be discounted by 2.73%, landing at the end of the index.
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