“Three witches” with the peak of the bull market on the WSE. But most of the market is in decline

Friday's session on the Warsaw Stock Exchange ended with a new record for WIG. The so-called the day of the three witches turned out to be successful for shareholders. WIG20 also established a new bull market peak, which was accompanied by above-average high turnover. However, the weakness continued in the broad market, where it was easier to find declines than increases.

It was the third Friday of the month ending the quarter, which meant the December series of futures and options contracts were expiring. In stock market jargon, it was the day of the “three witches”, which (especially in previous years) could bring above-average high and unpredictable volatility. This time only the turnover was above average.

WIG gained 0.93% on Friday and finished with a score of 115,549.91 points. In this way, the oldest WSE index set a new all-time record, slightly improving Monday's peak. All this happened with increased investor activity. The value of turnover on the main market was estimated at almost PLN 3.9 billion. Of this amount, almost PLN 1.4 billion was added by fixing.

WIG20 increased by 1% and reached 3,146.48 points. – which is the highest since March 2008. It is also a new peak in the bull market that has been going on for over three years. In the week just ended, WIG20 gained 2.3%, recording only one declining session in the last two weeks.

Once again, the so-called wide market. Although mWIG40 managed to gain 1%, sWIG80 fell by 0.26%. It is worth noting that throughout the week, this index of smaller companies fell by 2%. declined in all five sessions this week. Moreover, more companies were in the red than in the black on the WSE again. Additionally, more than every twentieth listed company has set at least a one-year minimum price today.

So we have a situation where WIG and WIG 20 records and high turnover are accompanied by a decline in most of the market. It is clear to the naked eye that this year's St. Rally Mikołaja is based on foreign capital, which is usually limited to the largest and most liquid companies.

Among the 20 blue chips, Santander Polska shares performed best, gaining 3.5%. Banks were also next on the list of those increasing: mBank (+3.2%) and Alior (3.2%). Right behind them, with another record closing price, were KGHM's securities. The historical peak was also improved by PZU's quotations (+1.6%). Below the line there are, among others: shares of PGE, LPP (but with a historic mid-session record) as well as Orange Polska and Pepco.

In turn, the securities of BNP Paribas Polska (+4.8%) dominated in mWIG and it was another bank on the list of the most rising ones. In turn, the most conspicuous list of declines included the shares of Mennica, which were depreciated by over 5%. This was a continuation of the correction (after -7.2% on Thursday) from recent weeks, when the price of the listed developer and distributor of precious metals increased by over 60%. However, DataWalk's prices increased by almost 5% after the Cyberspace Defense Component Command signed a cooperation agreement with the Wrocław-based company.

K.K

Source: