The Warsaw Stock Exchange goes back. Speculation for peace in Ukraine is weakening, on the wallpaper of Jackson Hole
After a very poor beginning of the session, the indexes of the Warsaw stock exchange began to make up for the losses and until the end of the session. The hopes related to the peace in Ukraine go down to the background, when a conference in Jackson Hole, macroeconomic readings and company results appear in the investor's attention center.
The Blue Chips index of the Warsaw Stock Exchange began a 0.5% inheritance session, which deepened and after a few minutes of WIG20 trade lost as much as 1.38% relative to Tuesday's closure. The mood at the opening could be spoiled by yesterday's realization of profits at Wall Street.
The hole was bought quickly. WIG20 moved up, making up for the losses and came out about 15:30. The image of the session, however, changed again in the last hour of trade and finally the Blue Chip index had to recognize the advantage of supply. WIG20 ended trade by retreating by 0.36% to 2982.29 points. WIG lost 0.39%, and mWIG40 and sWIG80 gave 0.55%and 0.12%, respectively.
Advertisement
The value of trading on the Warsaw Stock Exchange was visibly lower than the average from recent months and amounted to PLN 1.275 billion, of which about PLN 1.1 billion concerned companies from the WIG20 index. The highest turnover value focused on Orlen (PLN 218 million) and PKO BP (PLN 131 million) and DINO (PLN 95 million).
BM BNP Paribas analysts pointed out in a comment for PAP that after turbulent negotiations on peace in Ukraine, an approaching meeting of central bankers in Jackson Hole appears in the investor's attention center.
“In view of the expected reduction of interest rates by FOMC by 25 pb. In September, Jerome Powell's speech may be crucial and outline a definitely different scenario. Looking at the last data from the American economy, i.e., among others, the increase in CPI base inflation from 2.9 percent to 3.1 percent and a general increase in inflationary expectations in the horizon of the next year, It must be determined as the market expects, “they wrote.
The center of attention in Poland will also include Thursday macroeconomic readings, including data on industrial production, assembly and construction production and statistics on remuneration.
KGHM results, waiting for Orlen and Dino
Orange Polska, whose shares gained 1.43%on Wednesday, after a Tuesday increase of almost 5%, in terms of the increase in the Course in terms of increase in the exchange rate. On Tuesday, an analyst from the Santander Brokerageer Office raised his recommendation for the company to “Better from the Market Square”.
Dino (+1.35%) and Orlen (+1.02%) shares, which will present financial results for the second quarter on Thursday, were clearly expensive. The Polish fuel tycoon issued a message on Wednesday, in which he pointed out that the purpose of reducing greenhouse gas emissions by the EC by the EC is 90% compared to the 1990 level to 2040. It is too ambitious and very difficult to implement in the current realities, calling for re -analysis of EU assumptions.
In addition to the saucers listed in the WIG20 index, three more companies were based: Budimex (+0.55%), Kęty Groups (+0.28%) and Alior Bank (+0.17%).
The decrease by 0.79% after the presentation of the results was recorded by KGHM. The group's corrected eBitda in the second quarter was PLN 2.374 billion against PLN 2.489 billion in the first quarter. The result turned out to be about 6% higher than PAP Biznes consensus. The company's net profit for the first half of the year amounted to PLN 580 million, against PLN 1.074 billion in the same period of 2024, which was to be influenced by exchange rates.
Representatives of the KGHM board assessed during a press conference that it is too early to talk about dividend in 2025, explaining this large market variability.
The worst in the WIG20 index was the CCC shares, which gained as much as 6.69%on Tuesday. After an increase caused by raising the recommendation by BM mBank, there was a profit and a decrease of 2.65%.
In the group of medium -sized companies, the results after Wednesday's session were to be presented by Cyfrowy Polsat and GPW (+1.05%). Analysts surveyed by PAP Biznes expect an increase in the revenues of the first of these companies by 3.8% and a decrease in JD net profit by 22%. In the case of WSE, 43% yields are forecasted.
Cyfrowy Polsat's quotations lost 2.34%on Wednesday. The DM BDM analyst reduced the recommendation for the company's shares with “Buy” for “Akumuluj” with a target price of PLN 16.69, he said Puls Biznesu, citing Bloomberg's data.
The leaders in the MWIG40 index were on Tuesday Dom Development (+3.25%), Asseco Poland (+2.36%) and Asseco See (+1.55%). Newag (-2.89%) turned out to be the main brake.
On the wide market, there was a large decrease in CI Games actions, whose quotations lost 10.95%. On Tuesday, the company presented the trailer of the game “Lords of the Fallen II”, which is planned for 2026. Perhaps the event turned out to be an excuse to make profits. The company's quotations have been in an upward trend for almost a year and gained over 100%at that time.
Mm
