There is a tug of war on the WSE. There is a correction for KGHM and PLN 500 for shares of the space company
WIG20 declines in the final session of the week on the WSE. Friday's session on the Warsaw trading floor was marked by a cooling of moods. There is a tug of war on the WSE, experts comment. After five sessions of growth, the correction affected the price of KGHM. The share price of Creotech Intruments, the largest Polish company in the space sector, exceeded the symbolic level.
At the close of the session, WIG20 lost 0.7%, falling to 3,283.42 points. The broad WIG index decreased by 0.52%. up to 121,700.6 points mWIG40 also landed below the mark (-0.22 percent, 8,625.28 points). The exception on the map of the main indices was sWIG80, which was the only one to resist the supply, gaining 0,473 percent. up to 31,549.4 points
According to experts, Friday's declines should be considered only as a short stop in the strong upward trend. “In a sense, there is a tug of war between buyers and sellers. Polish and European indices are slightly negative, but this must be looked at in a broader context. Half of the first month of this year is now passing and, although last year's profits were very high on the stock exchange, this year also started very solidly,” commented Mariusz Adamiak, director of the market strategies office of PKO BP, for PAP Biznes.
“For now, economic topics dominate, indicating that the global economy will grow, in Poland even significantly faster than the average. This next year promises to be good for the economy, good for company profits, and with low interest rates, it encourages investors to continue buying shares. Maybe not today, because we have slight declines, but it is not worth looking at it from a one-day point of view. The growth since the beginning of the year has been really very high,” added Mariusz Adamiak.
Banks under pressure on the WSE
Investors in banks discounted the signals coming from the conference of the President of the National Bank of Poland, suggesting further reductions in interest rates in the first quarter of the year. The prices of all the largest banks were below the line, with the depreciation of Alior (-1.11%) at the forefront. The entire WIG-Banki returned 0.35 percent on Friday. During the day, the NBP reported that core inflation remained at the lowest level in 6 years. The pressure on banks is mounting, the question is whether investors have already priced in bringing inflation to the target and a full cycle of cuts or not yet. “A rate cut may take place next month because the inflation outlook is favorable,” said Ludwik Kotecki, MPC member, in an interview for Bloomberg.
KGHM under pressure from raw materials, energy sector in retreat
Commodity companies provided the most excitement. KGHM was the weakest link in blue chips, losing 4.58%. This is the result of a sharp decline in the copper (-2.6%) and silver (-4%) markets, which entered the correction phase after reaching historic highs, as stated in Friday's article entitled “Silver at $100 per ounce? What next with the galloping prices of the white metal?” forecasted by the chief analyst of Bankier.pl, Krzysztof Kolany. The KGHM price fell after five consecutive sessions of increases, including by 3.07% on Thursday, despite declines in metal prices. Even despite Friday's correction, KGHM's share price has increased by over 10% since the beginning of the year. higher, and the increase for the last 5 months exceeds 130%.
The energy sector performed poorly. The WIG-Energy index (-2.51%) was the weakest in the ranking, next to mining (-4.43%), burdened by the discount of KGHM, which was caused by declines in Tauron (-3.65%), PGE (-2.66%) and Enea (-1.53%). Over 2 percent WIG-Chemia also fell (-2.24%), whose quotations were affected by the devaluation of Grupa Azoty (-2.96%), which created huge write-offs related mainly to loans granted to Grupa Azoty Polyolefins in preparation for a potential disinvestment in this company.
CD Projekt's gaming rally continues
The mood was completely different in the gaming sector. CD Projekt (2.18%) became the growth leader for another day in a row. For the producer of “The Witcher”, it was the culmination of a phenomenal week – over the last six sessions, the company's shares increased by almost 19%. Emotions are heated by unofficial information about the third major story expansion for The Witcher 3, which could debut even in the middle of this year. Analysts emphasize that the gaming sector has returned to favor with investors, which was also confirmed by the strong growth of PlayWay (6.93%) and Ten Square Games (2.95%) in the segment of smaller companies.
A lot was happening at JSW
The newsflow from JSW also attracted attention (-2.93%). Firstly, the company announced that further talks between the management board and representative trade unions are scheduled for Monday, January 19, regarding concluding an agreement aimed at adapting the level of remuneration costs to the company's current financial capabilities. Secondly, the company reported that in the entire year 2025, coal production amounted to 13.01 million tons and sales amounted to 13.33 million tons.
The situation at JSW is being particularly monitored due to the dramatic financial situation and the loss of liquidity in the coming weeks. “Bankruptcy is the final scenario,” said the Minister of State Assets recently on Polsat News. More about the causes of the difficult situation in the company in the article “Dramatic attempts to save JSW's finances. Expert: the state will make a move.”
The company's course in space, awards for robots and US patents
On the positive side, it is worth noting that Creotech Instruments gained PLN 7.29 to PLN 515 on Friday and during the session its price exceeded PLN 500 per share, valuing the company at PLN 1.47 billion. Just a year ago, the shares of the company, which is the designer and creator of the proprietary technology of the multifunctional HyperSat microsatellite platform intended for space missions, were valued below PLN 200.
As reported by “Puls Biznesu” in the second quarter, Creotech plans to complete the process of separating the quantum segment into Creotech Quantum and introduce its shares to trading on the main trading floor. The company is currently waiting for a market valuation, but we already know that Creotech Quantum's assets were valued at over PLN 200 million.
Synektik (1.97%) announced that it was recognized as the best distributor of da Vinci surgical robots in the world, more about which in the article “The Polish company sells robots best in the world. They return from the USA showered with awards.”
In turn, DataWalk (4.89%) obtained its ninth patent in the USA, which concerns an invention called “Systems and methods for metadata based path finding”. “This is an extremely important step in the context of GH DataWalk's sales activities in the USA,” the release said.
