The green beginning of October on the Polish stock exchange. The rally at KGHM shares continues
The first session in October at the Warsaw Stock Exchange was marked by growth. The Blue WSE chip index has reached the highest level for two weeks, and KGHM shares shone the most.
On Wednesday, October 1, greenery dominated on stock exchanges throughout Europe. Ultimately, the parquet parquet on the Old Continent did not care about the “Shutówna” in the United States, although the beginning of the session was quite nervous. The same at 17:00 could be said about the US stock market. When trade ended in Warsaw, S&P and NASDAQ indexes broke the losses from the first hour of the session and were near the reference points.
– In the United States we are dealing for the first time in 7 years with partial closing of government administration. Despite this, yesterday's session at Wall Street ended with increases. In Europe, the sentiment is mixed, but you can see the first signs of optimism, even that the German Dax after nearly a month of consolidation has broken out above 24,000. Points – commented during the PAP session BMA analyst BM mBank Rafał Sadoch.
According to mBank analyst, the consequences of closing government administration in the US are so small that investors on the share market will certainly not be afraid of it, even if this state is prolonged. According to Rafał Sadoch, however, he may be disturbing that no data from the United States will be published during Shutdown.
WIG20 increased by 0.82%on Thursday, reaching 2850.42 points – The highest level from September 15. WIG went up by 0.71%. MWIG40 increased by 0.40%and SWIG80 strengthened 0.94%. The turnover at the Wednesday session exceeded PLN 2.1 billion, of which over PLN 178 billion concerned companies from the WIG20 index. Investors traded primarily by KGHM shares (PLN 524 million) and PKO BP (PLN 234 million).
October 1 at the WSE: Actions of these companies have gained the most
In the WIG20 index, KGHM shares shone the most, which ended the session, gaining 3.78%, although in its traction the increase exceeded 6%at times. The company's quotations continue the rally driven by high prices of copper and silver. A positive effect for the course could also have a change in the recommendation from the Ernste analyst, which issued the “Buy” recommendation and raised the target price of KGHM shares to PLN 185.9. Over the past 30 days, the company's papers have increased by 25% and are currently around the annual peaks.
Santander's leaders were also among the index leaders (+3.17%), CCC (+2.67%) and Budimex (+2.12%). Orange came in the following places (+1.98%), PZU (+1.73%) and Orlen (+1.54%), which he made up some of the Tuesday losses (he was the weakest company with WIG20 that day).
In addition to the clear increase on Santander's shares, the remaining of the largest Polish stock market banks were also doing well. The mBank exchange rate strengthened by 1.02%, Pekao's quotations increased by 1%, and PKO BP papers recorded an increase of 0.93%. Alior's shares added to the valuation 0.63%. The WIG-Banki index increased on Wednesday by a solid 1.15%.
The weakest company in the Blue Chips index was Żabka, whose shares fell by 1.92%. The company updated its strategy and wants to open over 1,300 new stores annually in 2025-2028. She also approved the dividend plan and in 2025. It intends to share half of the consolidated net profit with shareholders.
The Asseco Poland shares, which gained 5.79%, stood out in the MWIG40 index. In Wednesday's announcement, ESPI stated that an agreement between Asseco Poland and Total Specific Solutions (TSS) Europe from February 2025 regarding the sale of shares came into force. As a result, TSS Europe became the largest shareholder of Asseco controlling 24.83% of the company's capital.
PKP Cargo reduces losses. Sale of Polish pasta
On Wednesday, PKP Cargo shares, which gained 7.33%, were doing great on Wednesday. The company presented the results for the first half of the year, showing a loss of PLN 17.9 million, in counterattack to PLN 453.1 million losses a year earlier. Agnieszka Wasilewska – Semail, president of PKP Cargo, informed during the result conference that the company expects to approve the restructuring plan in 2025.
One of the most falling companies on the WSE were Polish pasta, discounted by 8.94%. Also in this case, the ratings were influenced by the results for the first half of the year. In the case of Polish pasta, they were weaker than forecasts. Net profit amounted to PLN 12.1 million compared to PLN 18.1 million a year ago. Profitability could also be disappointed.
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