The session at the WSE ended in strong rise in banks, which immediately translated into a better attitude of the main indexes of the Warsaw dance floor. The index of large companies turned out to be the strongest, among which the Orlen course registered at most for nearly four years.
It seems that investors have missed the growth and after several weaker sessions on global stock markets set off to make up for losses. At least in Europe, where increases were much more convincing than on Wall Street. There, after a series of three in a row, a session performed by S&PC, the index of American Blue chips loomed on Friday, when trade in Warsaw ended within reference, while Nasdaq was under the line. In turn, the German DAX gained about 0.8 percent, and in a similar pace they gained indexes in Paris and London. WIG20 referred to its European counterparts, with a fairly clear correlation with DAX.
Markets have been waiting for inflation data from the United States for several days, which after publication on Friday proved to be in line with expectations. PCE in the USA in August amounted to 2.7 percent. RDR, against a consensus of 2.7 percent In the base terms, it amounted to 2.9 percent. RDR was consistent with expectations.
Finally WIG20 finished the session, gaining 1.23 percent, and throughout the week increased by 1.05 percent. In turn, WIG gained 0.96 percent at a Friday session to 106 570.62 points, and in the whole week increased by 1.13 percent. However, MWIG40 increased on Friday 0.34 percent. up to 7,782.73 points, when he lost 0.31 percent throughout the week The index of small companies SWIG80 also increased by 0.34 percent. At the session, but in the whole week, which ended at 29,995.16 points. He lost 1.09 percent The turnover on Friday amounted to PLN 2 billion, of which WIG20 companies were responsible for over PLN 1.77 billion.
“We are waiting for data that will be next week. When it comes to Poland, Tuesday's inflation data will certainly be very important, because they can influence the decision of the Monetary Policy Council at the October meeting. At the end of next week, there will also be very important data from the United States regarding the labor market. They, in turn, are critical from the point of view of the American Central Bank regarding whether to reduce the percentage rates,” Adamiak, director of the PKO BP market strategy office.
“I think that the next week should bring a continuation of the side trend when it comes to the economic situation on the Warsaw Stock Exchange.
Banks were strong on Friday from the morning. MBank (3.94 percent), Santander (3.55 percent) and PKO BP (3 percent) shares presented themselves best. The entire WIG-Banki gained 2.74 percent And he was the strongest sector index after he lost over 1.7 percent the day before. And he was the weakest.
The Orlen course gained 0.44 percent But it was enough to get for the first time in nearly 4 years (November 2021) above the level of PLN 89. The historic peak from 2017 is located at PLN 134.45, but this year the Orlen course impresses with dynamics. From January, the price of shares has already gained 103 percent. And not counting the dividend cut from the course (PLN 6 per share). The company is valued at over PLN 103 billion, which it did not even experience during the period of record profits for 2022-2023. On Friday, information appeared on the market that Orlen would strive for selling the Poczta of the Polish Company Orlen Paczka.
Orlen General Hossy on the stock exchange
There are several factors, and one of the first standing at the base of the entire movement could be the conviction of investors that you can eat a cake and have a cake.
In WIG20, it's worth paying attention to the LPP course (-0.56 percent), which slightly lost after publishing the results. The group after the first half of the year has PLN 10.5 billion in revenues and PLN 801 million of the net of the dominant unit.
Under the line in the group of the largest companies there were only the values of CCC (-0.45 percent), Kruka (-1.11 percent) and Dino (-3.3 percent), towards which an increased recommendation appeared in the wide market from Noble Securities, however, recommending “reduce” (previously “Sell”).
From outside the Blue Chip Group, it is worth mentioning the declines of Rainbow Tours (-3.22 percent), where investors could react weaker results. The company's exchange rate fell in the first part of the session by over 9 percent. But he did two -thirds of losses until the end of the session. An interesting situation took place at the FON course, which fell by 61.88 percent. The company's shares returned to the continuous quotation system after the placing on the market of bonus shares, about which more in the article “WSE” in the city “shows a decrease in the exchange rate by over 60%”.
Michał Kubicki
