Tuesday, December 16, 2014

Declines dominated the stock market. WIG20 lowest since August – Banker

Declines dominated the stock market. WIG20 lowest since August – Banker

After the disastrous end of the session, closed the Monday session WIG20 solid decline. The index was at the lowest level in nearly four months, and by the way broke the important support line. However, the fatal sentiment prevailed in almost all European markets, particularly in the Russian stock market.

 
 

 
 

A wide market shrank during today’s session by 1.23% to 51 621 points. Turnover in the WIG index reached a relatively small value of 691 million zł. Indexes fared slightly better smaller and medium-sized companies. MIS80 today lost 0.92% and 0.27% mWIG40 only.


 

The force pulling down the market, however, were blue chips ( -1.63%) , of which only escaped Eurocash declines. Strong price reductions experienced in turn values ​​ Orange (x) and JSW (x) . By more than 3% of the shares fell LPP, PGE and Kernel, Among smaller companies passed a terrible day Serinus (-14.05%), Pamapol (-12.5%) and Sphinx (-11.05%). On the plus side, in turn, should be distinguished TVN (+ 3.43%) and CI Games (3.44%) , which tomorrow will announce a new strategy.
 
 

The results of today’s session are interesting that a significant part of the day, in principle, not much has happened in the Warsaw indices. Little variability, with very high liquidity heralded session without much expression. The last 1.5 hours trading, however, resulted in a clear advantage in supply and strong declines, the effect of which is the lowest level since August WIG20 (2 321 points) . Importantly blue chips clearly broke the same levels of support ongoing since 2012 uptrend.


 

Native to the shareholders did not help the situation in the US, where after a good opening investors quickly moved to selling off shares. Supply also prevailed in other markets. weakened by a depreciating exchange Russian oil passed the black day today, sometimes dropping by nearly 9% . More than 2% drop was recorded in Paris and Milan, also shone red DAX (-1.6%).
 

Adam Torchała

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