The advantage of buying at the start of the week – Virtual Poland

The advantage of buying at the start of the week – Virtual Poland

Concerns about the weakening of China’s economic data proved to be an impulse, which was enough to start the week on European bourses adopted the color red. Against this background a little better presented a wig, the value of which remained fairly stable at around Friday’s closing. The disadvantage from the start he was WIG20, which disputes because sometimes reaching one percent decline was largely derived from subtracting the last session of dividends on the share price of PZU, a leading component of the blue-chip barometer.

Morning anxiety quickly gave way to afternoon ongoing stabilization, which culminated in raising indices. Finally WIG gained 0.60 percent, while the WIG 20 lost 0.30 percent. The value of the market does not enthused and € 670 million.

clearly worse readings of Chinese industrial production in August at the start of the WSE caused nervousness KGHM-u (2.3%), the rate temporarily scored at the start of nearly two percent price reduction. Later, the lack of pressure supply demand encouraged to be more active and as a result increase przecenianego several paper sessions, despite persistent selling pressure on the copper market. But the actual losses suffered today, among other things, shares of LPP (-1.9%), Eurocash (-1.8%), Lotus (-0.8%), PKNORLEN (-0.6%) and corrective better Friday Quotes Orange.pl (-0.5%) and PGNiG (-1.2%). Top on the positive side of the sheet WIG20 fared JSW shares (2%), BZ WBK (2.2%) Bogdanka (2.9%), PKO BP (1.2%) and Pekao (1.1%). Demand again became interested in the shares ALIOR (2.3%), which after the defeat of the next technical resistance measure currently in the price of 90 dollars.
 

Although the broad market indexes WIG250 (0.02%) exhibited during the session some stabilization, in those market segments lacked papers with increased volatility. And so clearly stood out negatively GTC shares (-3.3%), the rate on two-year lows zapikował after their expected later this year, the issue of shares. In the second line of the banking sector was hit Millennium values ​​(3.5%), the rate grew even sometimes by as much as 5 percent. In turn, waiting for the sale of military clothing Ukrainian army successfully conquered the valuation today Lubawa (4.4%). Furthermore increase from last week continued Elemental values ​​(4.2%) and Serinus (4.7%). For homework recent losses also took shares of Getin (5.5%) and Getin Noble Bank (4.9%).
 

Even taking into account the differences between today’s reading WIG and WIG 20 due to a different way of calculating their value after deduction of dividends from PZU, the course of the session would rate slightly positive speech. WIG20 breached the support level of 2479 points, which somewhat complicates the circuit diagram and leads to less optimistic forecasts. In contrast, WIG attitude and the fact that the persistence of above the key level of 53,000 points allow you to still moderately optimistic about the market in a more global issue.
 

Started week has a chance to bring at least some short-term settlement, to which a stimulus can be reported price increases from the European and the domestic economy to further decisive attitude of the ECB and the NBP interest rates. Not without significance will also be analogous Wednesday’s inflation data from the United States or planned for Thursday referendum on independence in Scotland.
 

Paul Kubiak
 Broker DM BZ WBK S. A.