Investors on the WSE are in a good mood, as they have pushed WIG to a new historical record. The highest since February 2008 was the WIG20, where trading in LPP shares attracted the most attention. On Friday, December 12, one share of the clothing giant cost over PLN 20,000. zloty. This is a new nominal record on the WSE.
The Friday session on the WSE on December 12 brought new records. WIG reached its highest level in history (114,452.25 points), and WIG20 was the highest since February 2008, climbing to 3,099.35 points during the day. The demand for shares from the Polish stock exchange does not stop, and the series of upward sessions of the main indices has been going on for 5 days. Demand is supported by the weakening of the US dollar after the Fed's decision to cut interest rates on Wednesday. In the background of the ongoing Saint's rally. Nicholas Day, which is the traditional period in December when stocks provide statistically higher rates of return, there are ongoing talks on peace in Ukraine, with little official results so far. However, a breakthrough can happen at any time. For now, the situation on the charts suggests a return to the upward trend.
“Yesterday, WIG20 reached an important resistance in the form of the maximums from the end of October and the beginning of November, and at today's session it broke this resistance. Therefore, theoretically, we can talk about the end of the correction and the return of the long-term upward trend,” Przemysław Smoliński, an analyst at BM PKO BP, told PAP Biznes.
The situation on the core markets was not favorable on Friday, as on Wall Street the Nasdaq lost over 1%. when trade in Warsaw was coming to an end. The DAX was within reference limits, losing the FTSE100 in London but gaining the CAC40 in Paris. WIG20 showed relative strength, but due to trading in LPP shares.
Ultimately, WIG20 gained 0.56%. and finished the session at 3,079.15 points. WIG was higher by 0.3 percent. and will close the week at 113,797.28 points. Throughout the week, the broad index gained 3.2%. with an increase in WIG20 by 3.8 percent during this time. While large companies are strong, small and medium-sized companies are weak. mWIG40 retreated by 0.57% during the session, but gained 1.9%. throughout the week ended at 8002.30 points. In turn, sWIG80 saw a cosmetic increase by 0.06%. on Friday, but it has already gained 0.6% throughout the week. and it is at 29,394.40. At Friday's session, the turnover was estimated at PLN 2.34 billion, of which PLN 2 billion concerned WIG20 companies. It is worth emphasizing that trading in LPP shares accounted for PLN 552 million.
Przemysław Smoliński pointed out that the situation on the WSE is not that rosy, because the increases concerned mainly the largest WIG20 companies. “Besides, today's increase is largely due to a very strong, over 15% increase in LPP, which distorts the market image,” he added.
Ultimately, LPP shares increased in price by 15.3%. and ended the session with a price of PLN 20,120, although during the day for the first time in history they were paid for PLN 20,280. Nominally, these are the most expensive shares on the WSE, ahead of companies such as Benefit (PLN 3,315), mBank (PLN 1,015) and Grupa Kęty (PLN 928.50). Returning to LPP, investors reacted positively to the third quarter results published by the company on Thursday after the session. After adjusting for write-offs related to the Russian business, they turned out to be above market expectations.
LPP's results could also translate into demand for Pepco shares (2.45%). Over 1 percent in WIG20, the shares of Dino, which we wrote in more detail today on Bankier.pl as one of the main choices of brokerage houses for 2026, gained even more. The shares of Budimex (0.83%) and Santander (0.86%) increased even more. The largest declines in blue chips were recorded by Allegro (-1.88%) and CD Projekt (-2.09%).
Among the entities listed in mWIG40, the strongest was the price of BNP Paribas BP (5%). ABB was announced for the bank's shares, within which BNP Paribas will sell 9.2 million shares, constituting approximately 6.2 percent. in the shareholding, at a price of PLN 120 per share.
A lot of information also emerged in the context of JSW (-1.97%). Firstly, ZUS did not agree to defer contribution payments for November and December, and secondly, the Minister of State Assets, Wojciech Balczun, met with JSW miners on Friday and indicated potential options to save the company's financial liquidity, including: loan from the Reprivatization Fund and commercial financing.
There was a continued decline in Tesgas shares on the broad market (-9.25%), which was initiated by the information that companies in dispute with it would be excluded from non-public tenders organized by Polska Spółka Gazownictwa (PSG). “Tesgas has such controversial matters, and in terms of value it has so far obtained half of its orders from PSG,” wrote Puls Biznesu.
