Tuesday's session on the WSE ended with a slight decline in the main indices. Global stock markets were quite indifferent to the macroeconomic publication of the week, which was the inflation reading in the US. After a week of strong fluctuations, the Polish stock exchange saw a flat in the indexes, which were recorded at record levels. Among the largest companies, this time the prices of CD Projekt and Żabka Group attracted attention.
This week's events on the WSE are in line with what is happening on the core markets. Small changes in the indices have been observed since the beginning of the week. Despite this, Wall Street manages to break historical records. On Tuesday, the highlight of the day, and of the entire week, was the reading of American inflation, which, however, did not bring any major surprise, so the markets drifted calmly without a specific direction. Some indices drifted north (DAX +0.2%, Euro Stoxx +0.3%), and some south (S&P500 -0.2%, CAC40 -0.1%). On the WSE, most of the main indices ended below the mark, but historical records were also broken during the day.
WIG20 dropped by 0.34% a day. WIG lost slightly less, giving back only 0.19%. Thanks to the increases from the beginning of the session, it set a new all-time record (122,437.29 points). mWIG40 also has a new peak (8,740.03 points), which gained 0.19% at the end of the day. In turn, sWIG80 fell by 0.11% at the end of the day, but remained positive for most of the session and also broke the historical record (31,545.23 points). The turnover on the broad market amounted to PLN 2.54 billion, of which PLN 2.18 billion concerned WIG20 companies.
On Tuesday, the strongest industry on the WSE is the gaming sector. The WIG-Gry index gained 4.35%. This is mainly due to the increase in CD Projekt's price by 5.19%. and was named the strongest of the day in WIG20. According to Mateusz Chrzanowski, an analyst at Noble Securities, CD Projekt's Tuesday increase may be due to the company's unconfirmed plans to introduce an expansion pack to the third part of The Witcher.
“Recently, the information, still not officially confirmed, but expected by analysts, about an expansion to the third part of The Witcher, which would appear in May this year, has received quite a lot of attention. It's a bit of a surprise, but it seems that it could be a good move as a kind of marketing and story bridge between The Witcher third and fourth, which we expect next year. Perhaps this news has reached foreign and institutional investors, and this may result in an increase in the position” – he said, quoted by PAP Biznes.
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Investors continued to increase the price of KGHM (1.88%), whose valuation at the close of Tuesday's session amounted to PLN 61.74 billion, leaving behind the valuations of PZU (PLN 59.6 billion), Santander (PLN 56.2 billion) and Pekao (PLN 55.4 billion). Only Orlen (PLN 113.8 billion) and PKO BP (PLN 108.7 billion) are worth more in WIG20. The above-mentioned capitalization leaders lost their valuation on Tuesday by 0.89%, respectively. and 1.96 percent Orlen announced that its company Orlen Upstream Norway received an offer from the Norwegian Ministry of Energy to acquire shares in six new exploration and production licenses. PKO and other banks lost money on the eve of the Monetary Policy Council's decision on interest rates.
However, among the largest companies, the price of the Żabka Group was overvalued the most (-4%). The day before, after the session, the company showed results that were rather in line with expectations and what Żabka itself announced. However, after the reaction on the price, it seems that the market expected more as a positive surprise. Pepco's quotations also fell more sharply on Tuesday in WIG20 (-3.41%), and over 1%. In addition to the prices of PKO shares, the prices of CCC, Santander and mBank were also reported.
Mabion performed well on the broad market, gaining 4.94%. The company announced that it plans to start cooperation in the development of ADC products with Celon Pharma (1.19%). Speculative increases without new information in the ESPI channel were observed on Euco w restrukturyzacji (36.72%). After the estimated results, the prices of INC shares increased significantly (10.23%).
