The Friday session ended with the discount of the main indexes of the Warsaw Stock Exchange. Among the general weakness of our market, trade in WIG20 was dominated by KGHM shares, whose course exceeded the July peaks at times. Among the smaller companies, the attention of investors focused, among others in Lubawa, Apator and Creotech.
Until the middle of the day, the Friday session passed without major emotions and a strong direction, but in its second part the WSE indexes underwent supply. WIG20 lost 0.67%, withdrawing to 2836.58 points. WIG was in debt to 107,307.28 points, losing 0.64%, and MWIG40 withdrew by 0.92%. SWIG80, which gained 0.44%, did not give in to decreases.
In the perspective of the entire last week, WIG20 gained 0.30%. Therefore, the Polish stock exchange was in a visible side trend, counting on stimuli for further increases. In the coming week, it may prove to be a Fed interest rate reduction.
“If you manage to maintain a momentum and break the resistance in the medium -sized EMA50 and EMA20 region, located in the range of 2,875-2.900 points, this can open the way to further increases. Currently, the moods on the market are carefully optimistic, and WIG20 has a chance to continue the reflection” – commented on Friday.
The value of turnover on the WSE amounted to PLN 1.63 billion, of which approx. PLN 1.35 billion concerned companies from the WIG20 index. Investors mainly traded in KGHM shares (PLN 295 million), PKO BP (PLN 196 million) and PZU (PLN 187 million).
As we mentioned at the outset, KGHM shares, which increased by 3.96%, did the best in the WIG20 index. At the best moment during Friday's session, their course exceeded PLN 140, being at the highest level since March. The company's quotation is influenced by the situation on the copper market. From Thursday, the price of metal has anchored over $ 10,000 per ton.
Among the blue chips, drops saved only one more company, i.e. a raven, whose shares gained 0.41%. Near the reference point with a loss of 0.07% session ended with PZU quotations.
On the other side of the index there was Pepco, discounted by 3.04%. The qualities of Orlen, which gave 1.65%, also did poorly.
The shares of almost all largest banks from WIG20 lost more than the index. 1.44% gave the ALIOR course, 1.37% of Santander got cheaper, PKO BP and Pekao lost 0.99% and 0.86%, respectively. MBank managed best, whose shares fell by 0.54%.
In the mWIWI40 index 5.07%. The qualities of Develia (+3.76%) were in second place in the group of medium -sized companies.
Switching to a wider market, Apator's actions, gaining a positive recommendation from the Pekao Brokerage Office on the wave of 8.56%. His analysts issued the “Buy” recommendation and set a 12-month target price for the company's papers at PLN 28.50 per share (30% above the current level).
9.40% gained molecure shares, but in this case the increases were not accompanied by new publications or messages on the company's ESPI channel. The podium of the strongest qualities in SWIG80 was closed on Friday by Ailleron papers with an increase by 6.05%.
The Polish Agency for Enterprise Development said that the projects of XTPL and Creotech were qualified to the second stage of the competition organized by European funds for the modern economy (Feng). Creotech shares gained 3.35%on Friday, and XTPL quotes increased by 0.61%.
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