Three witches on the Polish stock exchange did not charm the market. Small companies mountain
Three Walki day on the Warsaw Stock Exchange was without major emotions and a strong direction, maybe outside the index of small companies. WIG20 completed the fourth inheritance session in a row, again gently retreating towards 2800 points.
The third Friday of the last month of the quarter is a session, after which a series of three derivative instruments expire simultaneously: this is timely contracts and stock market options indexes and options for shares. “Three Witch Day” is also called because things can happen on the market then, difficult to clarify from the perspective of market foundations.
Options and contracts are instruments with a specific expiry date, and when all at once expire, investors decide whether to close their positions or “roll” them for the next months. Therefore, on the day of three witches, we usually see increased turnover on the stock exchanges and unusual movements of courses, especially in the last hour of the session.
The September day of three witches on the WSE did not abound in emotions by most trade. Almost the entire session ran calmly, and the indexes balanced near the starting point. Dynamics changed after 15:30, when the supply and the index prevailed below the support of 2800 points in WIG20.
Ultimately, WIG20 lost 0.24% and ended the session at the level of 2802 points. WIG withdrew by 0.17% to 105 380 points. MWIG40 was overestimated by 0.40%, while SWIG80 broke off the trend again, gaining 1.19%.
At 16:00 the value of turnover in the WIG20 index barely exceeded PLN 1 billion, which was an extremely modest result, as for the last third five of the last months of the quarter. However, until 17:00 this result rose to PLN 2.43 billion. The value of turnover all over the WSE amounted to less than PLN 3 billion. The largest traffic was recorded on PKO BP (PLN 381 million) shares of Orlen (PLN 321 million) and Allegro (PLN 263 million).
Żabka's actions jump, the leader of the last session closes the stake
In the WIG20 index, the second successful session in a row included the qualities of Żabka, which gained 1.15%. KGHM actions with an increase of 0.82%took second place among Blue Chips. According to Citigroup analysts, copper prices are heading towards careful closing of 2025, but next year there will be a more decisive increase and can reach USD 12,000 per ton.
In addition to the mentioned sessions, Budimex (+0.77%), Kęty (+0.66%), Pekao (+0.65%), Santander (+0.56%), Orange (+0.52%), PZU (+0.47%), PKO BP (+0.43%), Alior (+0.24%) and Kruk (+0.02%).
CD Projekt's actions that lost the least in WIG20 2.89%. On Thursday, the company was a leader in increases among the largest WSE companies. The next session was cheaper PGE qualities, discounted by 2.17%.
Huuuge promises dividends
Huuuge shares gained the most on Friday among medium -sized companies, which strengthened by 5.45%. The group presented the results for the second quarter, in which it generated a net profit of USD 17.3 million. Although it was almost USD 1 million less than the analysts expected, the group could convince investors announced by dividend policy, in which they intend to give shareholders to 50-100% of free cash flows generated in a given financial year.
What's more, DM Noble Securities analysts in the report of September 18 increased the target price of Huuuge shares to PLN 27.8 from PLN 25.4 previously, while maintaining the recommendation “Buy”.
Newag (+1.45%) also received a new recommendation, the analytical coverage of the mBank brokerage office. The rolling stock manufacturer received the “Buy” indication with the target price of PLN 98 (18% above the current level.
Changes in MWIG40 and SWIG80 indexes
Echo Investment (+7.14%), which presented the results. In the second quarter, the developer recorded PLN 113.6 million net loss (PLN 16 million less than the analysts expected). The company's management announced that it is planning to sell further assets in the commercial sector, and wants to reinvest, spend on dividend and reduce debt.
Her last session in the SWIG80 index scored diagnostics, losing 3.01%. Already on Monday it will be among the medium -sized companies, replacing in MWIG40 Celon Pharma (0.0%). This is not the end of the castle, in addition to Celon Pharma, Dadelo (+0.32%) will enter the SWIG80 index, and will leave him MLP Group (-9.76%).
Answer won the wide market of investors, whose shares gained 7.59%. According to the presented financial statements, the company generated PLN 6.5 million in net profit in the first half of the year. For comparison, Answer recorded PLN 21.8 million in the same period last year.
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