The president of Orlen bought the company's shares. KGHM and Copper are growing through a disaster in Indonesia

Wednesday at the WSE began with a deep discount of indexes, but WIG20 ended it in the plus. KGHM's actions, whose competitor had an accident affected by the entire copper market, increased by over 7%. Orlen's quotations, whose president reported the purchase of papers of the company, was also doing great.

Wednesday's session began with a gap down on the WSE. However, the losses were made up for the entire session and so from -1.6% on WIG20 in the first hour of trade, an hour before its end it got -0.04%. The afternoon increase on KGHM listing played a lot of merit. Ultimately, the Blue Chip index gained 0.34% on Wednesday and thus defended the resistance of 2800 points.

WIG also went up (+0.62%). However, declines did not spare the indexes of small and medium -sized companies. MWIG40 lost 0.35%and SWIG80 withdrew by 0.82%.

The value of turnover on the WSE exceeded PLN 2 billion, of which about PLN 1.85 billion concerned companies from the WIG20 index. Investors mainly traded in Orlen shares (PLN 448 million) KGHM (PLN 380 million) and PKO BP (PLN 204 million).

Copper and KGHM shares are growing. President of Orlen buys shares

In WIG20, KGHM shares grew the most on Wednesday, which ended the session, gaining 7.17%. Parallel on the London Stock Exchange, copper was proud. The prices of the raw material jumped by over 3%, exceeding the level of $ 10,300 per ton (most in over a year).

The reason for turmoil on the market is the message of the FreePort McMoran group, which announced on Wednesday that he would not implement contracted supplies from the Grasberg copper mine in Indonesia. The reason turned out to be a force majeure and specifically a disaster in the facility. About 800,000 flooded several levels of the mine. tons of mud.

The second company in the index in terms of the increase was Orlen, whose quotations increased by 4.08%. According to the notification on the ESPI channel, the president of the group bought his actions. In 6 transactions made on September 23, Ireneusz Fąfara purchased a total of 575 Orlen shares at an average price of PLN 82.61 per item. The company also informed on progress in the construction of the “Nowa Chemistry” project installation.

In addition to the two listed leaders above 2%, Pepco shares increased (+2.71%) and PGE (+2.68%). 1.73% gained Żabka shares.

The banks, which were burdened with today's response of the Ministry of Finance, to the CIT increases for sector companies. The ministry defends his idea and rejected most of the reservations raised, among others by the Association of Polish Banks, KNF and NBP – he reported Puls Biznesu. “On the website of the Government Legislation Center, a bill has already appeared.

On Wednesday, PKO Bank Polski papers on Wednesday, which went down by 0.17% and ING Bank Śląski, who ended trade at the reference point. All the others were under the line, but the scale of the discount clearly melted in the session.

Ultimately, the WIG-Banki sector index was overestimated by only 0.22%. On the other hand, WIG-POYS (+6.81%), WIG-PALIWA (+4%) and WIG-Energetyka (+1.79%) were best coped among industry benchmarks.

JSW is a mountain in mWIG40, PCF falls through new actions

The increases in the MWIG40 index were led by JSW shares, which gained 4.40%. The company stated that its supervisory board agreed to discontinue the JSW investment certificates of the closed investment fund (FIZ) of the A series A in the amount of 33.613 and series C in the amount of 33,613 pcs with a total estimated amount of PLN 100 million.

Above 2%Wednesday was finished by two medium -sized companies: Tauron (+2.72%) and Coxel (+2.02%). Above 1% gained Asseco Poland, Grupa Azoty and Diagnostics.

PCF Group shares, discounted by 6.32%, were negative on the wide market. On Thursday, the WSE will hit the August PCF Group emission shares, which were sold PLN 3 each. The company's quotations have been discounted from Tuesday by over 20%.

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