KGHM shares after PLN 160. The giant together with CD Projekt and Allegro bravely defended WIG20 against decline

The Monday session ended within the reference limits on the WIG20 index. Although there were as many as 15 courses of the largest companies under the line, the good attitude of Allegro, CD Projekt and KGHM gave a solid reset, supply pressure. The mining giant's course screws this year's records, using copper and silver prices.

WIG20 oscillated most of the day within reference and yes, he also finished the penultimate session of the month and quarter. Are we already dealing with a typical situation of Window Dressing, i.e. a practice of improving the “appearance” of the investment portfolio by the end of the billing period? There is certainly high demand for KGHM shares, which have been doing very well in recent weeks. On the other hand, however, the declines affected the qualities of Orlen, which is constantly legitimated to this year's rate of return exceeding 100 percent. It can be more interesting during the last session of the ending quarter.

Monday has gone without much echo has the stock market. More was happening on the raw material market, where, among others Copper prices increased strongly, in response to Chinese limitations of the surplus of production capacity. They also gained precious metals, and gold and silver, knocked out new peaks. Fuel to market uncertainty and weakening of the dollar could add a cyclically played topic by closing the US government (so -called Shutdown). In view of small increases on DAX or CAC40 and similar behavior of the main indexes on Wall Street, the WSE seemed relatively weaker than the environment.

At the end of the session, WIG20 returned only 0.01 percent, WIG was lower by 0.04 percent, with a slightly greater weakness mWIG40 (-0.26 percent), but with a slightly better attitude of SWIG80 (0.06 percent). The whole is part of the consolidation system on the WSE, which has been going on for several weeks. Optimists will notice that September, which is statistically a poor period on the stock markets, the WSE passes with a dry foot, and even with a chance to return WIG20 to monthly increases. The turnover on Monday reached PLN 1.49 billion in the wide market and PLN 1.28 billion on WIG20 companies.

Actions of the aforementioned KGHM (5.26 percent) stood out among the blue chips, which gained PLN 209 million in turnover – the largest on the WSE. The market followed the rise of copper and silver prices, which is extracted by the company. The KGHM course at the end of the session was PLN 160 and was at most from October 2024.

CD Projekt (4.49 percent) were also strong, but the Allegro exchange rate (2.55 percent) was very well advised, in which the return of the Return from Work Remote to work in the office 4 days a week ordered by the president echo. Allegro's force harmonized with the growth of other commercial companies such as Żabka (1.28 percent) and Pepco (0.12 percent).

Under the line, the values ​​of CCC (-2.94 percent) were more strongly found, otherwise dependent on consumers. Perhaps investors got acquainted with a warm autumn forecast, which could not be conducive to purchases in the fourth quarter. However, the LPP exchange rate dropped by 0.76 percent. Financial companies such as banks: Santander (-1.86 percent) and Pekao (-1.53 ​​percent) or Kruk (-1.73 percent) were also lower in WIG20. Over 1.5 percent He also gave the Orange and Budimex course. The Orlen course (-0.96 percent) withdrew from this year's peaks. Oil, however, nudged over 3 percent. In anticipation of OPEC decisions.

Michał Kubicki

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