A strong session with a poor ending. Banks and KGHM are growing, and CCC goes back after the results
Up to a point, it was a strong session performed by the Warsaw Stock Exchange. WIG20 climbed upwards driven by increases on banks' shares, but eventually he only recorded a slight increase. KGHM is still more expensive, and the recommendation for Cyfrowy Polsat provided the company with a solid increase. The losers included CCC, discounted after the publication of the results.
During the session on October 2, green color dominated at European stock exchanges and the Polish court. At the time when German trade ended in Warsaw, Dax gained 1.16%, and the French CAC40 recorded an increase by 1.09%. The American S & P500 and Nasdaq were near the reference points.
The WSE indexes pushed up until 14:00. From this hour, the demand began to lose strength. The solid 1.2% increase on the WIG20 index changed to the end of the session into much more modest +0.39%, withdrawing the stock market benchmark to the level of the session. Blue chip index. WIG added 0.54%to the result, mWIG40 strengthened by 1.30%, and SWIG80 gained a modest 0.10%.
– On the WSE from several sessions there was a desire to move north (we talked about it in the morning). Today it can be seen with the naked eye. Such a closure will generate a buy signal. The banking sector also returned to the game. Were it not for the silly idea of bank tax, WIG20 would be higher by at least 10% – commented on the platform X Piotr Kuczyński, the main analyst of Di Xelion.
The value of turnover on the WSE amounted to PLN 2.23 billion, of which approx. PLN 1.92 billion concerned companies from the WIG20 index. Investors mainly traded in KGHM shares (PLN 340 million) PKO BP (PLN 262 million) and CCC (PLN 243 million).
Banks from the WSE and CCC listing are growing
On Thursday, PKO BP was the strongest companies in the WIG20 index (+3.68%), pekao (+2.69%), Alior (+2.37%) and mBank (+2.37%). Other banks listed on the Warsaw Stock Exchange, including Millennium (+2.04%) or BOŚ (+1.44%) were also doing well. WIG-Banki gained 2.74% on Thursday and was the strongest sector of the WSE that day.
Investors will continue to conquer KGHM shares, which were getting into track sessions by up to 3%, reaching the highest level from spring 2022. However, trade ended with an increase about 0.78%. The company is conducive to the last recommendation of Ernste analyst and copper prices on the London market, which exceed the level of $ 10,000 per ton for 3 weeks.
On the other side of the market there were CCC values discounted to 9.86% after publication of final data for the second quarter. The EBITDA result amounted to PLN 465 million, i.e. 3% less than indicated by the August Estimates.
The next day of solid declines was also served by Żabka, whose shares lost 3.35%. Further on the brake list were Orlen (-1.41%), Budimex (-1.38%) and Allegro (-0.96%).
Recommendation for Cyfrowy Polsat, Apator on the eye of UOKiK
The leader of the MWIG40 index was Cyfrowy Polsat, whose quotations increased by 8.43%. The analyst Santander BM raised the recommendation for the company with “Neutral” to “Better from the Market Square”. The target price was raised from 17.9 to 18 PLN. Lubawa came second, with an increase in 6.87%.
Tauron's actions increased by 1.86%. The course could have been influenced by information about the company's support for the company “Buy” by DM BOŚ and raising the target price of its shares to PLN 12.
The worst in the index of medium-sized companies was coped on Thursday with papers of Virtual Poland (-1.50%) and Newag (-1.42%). Actions 11 Bit Studios lost 1.15%after the studio announced the postponement of the release date of the Moonlighter 2: The Endless Vault game on November 19.
Among the small companies with sWIG80, the index was the Oponeo, with an increase of 5.92% and Quercus TFI, whose shares increased by 4.52%.
At the opposite pole there was Apator, whose shares lost 6.33% after information about the initiation of antitrust proceedings by UOKiK against the subsidiary of the subsidiary (Apator Metrix). The case concerns the alleged division of the market gas meter market.
Mm
