About 70 percent companies listed on the Warsaw Stock Exchange saw share price declines on Thursday. However, WIG20 was not one of the weakest indices in Europe. Capital is also flowing out of Wall Street, and the situation was the worst in Asia.
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Stocks from the Warsaw Stock Exchange fell on Thursday
There is nothing left of Tuesday's surge of optimism on the Warsaw Stock Exchange. The next two days brought declines in the main WIG20 index, especially on Thursday. The quotations were red since the morning, and at the end of the session it was even worse.
At the end, WIG20 was below the mark by approximately 2%. This means a decrease of almost 6%. compared to the peak just before the weekend during which the US and Israel attacked Iran. At the same time, it is a level of approximately 3%. higher than at the time of the greatest declines in March.
Among the largest companies on the Polish stock exchange, it was in the spotlight in the first part of the session KGHM, whose shares dropped by over 6%.. This happened in parallel with strong declines in copper and silver prices.
The first place in terms of the largest declines was later taken over by Dino. Here, at the end, the declines also exceeded 6%. The company announced the start of construction of a new distribution center, but from the investors' perspective, competition with Biedronka, which presented its results and announced ambitious development plans, may be more important.
In total, on the entire Warsaw Stock Exchange approx. 70 percent companies saw share prices decline on Thursday.
Stock exchange declines: from the USA, through Europe, to Asia
The day looked very similar on other major European trading floors. When WIG20 lost its value by approximately 2%, in London and Frankfurt the main indexes were below the 2.5 percent mark. It was no better in Poland than in Italy or France.
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The beginning of trading on the American stock exchange looks slightly better, which does not mean that the declines have stopped Wall Street. The major indexes are around 1%. below the line.
On Thursday, the greatest fear was visible among investors from Asia. Japan's Nikkei 225 lost 3.4 percent. Over 3 percent the index in India went down, and 2.7 percent. Korean Kospi was in negative territory.
Concerns about the consequences of a prolonged war in the Middle East are still alive. It's not just shareholders who experience this. Over 5 percent The price of gold is going down on Thursday. The sale also affects bitcoin.
