Monday on the WSE welcomed investors with a strong increase in the main indices. However, the records of WIG20 and WIG were accompanied by much worse moods among medium and small companies. Foreign capital seems to be positioning itself again for peace in Ukraine. Banks have practically closed the gap caused by Minister Domański's announcement in August. CCC was the leader among the giants, unfazed by the allegations of the Financial Times.
On Monday, December 15, we had a real pre-Christmas rally on the Warsaw Stock Exchange. Foreign investors poured pennies under the runners of Santa Claus' sleigh, as evidenced by the discrepancy between the behavior of the largest companies and the second row of the WSE. WIG20 broke the record of the bull market, gaining 1.88% and ending trade at 3,137 points. WIG climbed to its new historical peak of 115,368 points, gaining 1.38%. At the same time, MWIG40 gained a modest 0.06% and SWIG80 lost 0.07%.
Foreign involvement on the WSE can be related to Steve Witkoff's statements about progress in peace talks regarding Ukraine. On Sunday and Monday, talks between President Zelensky and President Trump's envoys took place in Brelin. In addition, the EU is to try this week to agree on a plan to finance Ukraine using frozen Russian assets.
The Polish stock exchange definitely shined today compared to foreign exchange markets. While WIG20 and WIG ended Monday's session with new records, the American S&P500 and Nasdaq indices retreated by 0.05% and 0.13%, respectively, the German DAX gained a modest 0.07% and the French CAC40 grew by 0.66%.
The turnover on the WSE amounted to approximately PLN 2.57 billion. Trading in shares of companies from the WIG20 index was responsible for nearly PLN 2.26 billion of this sum. The leaders in terms of turnover were PKO BP (PLN 278 million), LPP (PLN 259 million), Orlen (PLN 250 million) and KGHM (PLN 219 million).
CCC announces purchase. Banks, construction and KGHM drive the WSE
Among the largest companies from the Warsaw Stock Exchange, CCC shares were in the foreground on Monday, gaining 4.30%. Investors reacted enthusiastically to the request to convene an EGM made in the morning by the company's main shareholders – Ultro Investment, controlled by Dariusz Miłek, president of CCC, and Value FIZ, managed by Robert Buchajski. The aim of the meeting is to authorize the management board to buy back own shares for an amount of up to PLN 280 million in a price range from PLN 130 to PLN 200. At Friday's closing, one CCC share cost PLN 120.95.
The purchase proposal overshadowed negative information about the Polish company also published on Monday by the Financial Times. The British daily reported that CCC sold its Russian operations to the sister-in-law of the life partner of the company's president, Dariusz Miłek. “FT” also claims that the company related to CCC still supplies the formally sold Russian part of the group. The company categorically rejected the accusations, attributing them to attacks by “short-sellers”.
Right after CCC, in the WIG20 index, Alior's shares went up sharply (+3.70%). Other banks also performed well, led by PKO BP (+2.83%), Pekao (+2.13%) and Santander (+1.71%). WIG-Banki gained 2.07% that day, reaching 18,938 points, i.e. close to the level from which it was dropped by the announcement of an additional tax on banks, announced in mid-August by the Minister of Finance, Andrzej Domański.
Budimex gained 3.26%. The price of KGHM securities increased by 2.58%, echoing new records on the silver market. Gold's poorer cousin increased in price by over 3% on Monday, reaching close to $64 per ounce. PZU (+2.13%), Żabka (+2.09%) and Dino (+2.02%) also achieved an increase of over 2%.
Three WIG20 companies are in declining territory – CD Projekt (-0.16%), Kety (-0.16%) and Kruk (-0.35%).
Among medium-sized companies, Cyber_Folks shares gained the most (+3.96%), followed by Voxel (+1.65%), Tauron (+1.52%) and Millennium (+1.19%). The shares of Lubawa (-9.79%), Grupa Pracuj (-2.44%), Text (-2.28%) and Auto Partner (-2.18%) lost the most in percentage terms.
The shares of Captor Therapeutics (+7.10%) and DataWalk (+6.11%) were unrivaled on Monday in the SWIG80 index. On the other side of the ranking were Bumech (-4.12%) and Ci Games (-3.04%).
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