2015-03-25 13:00
The situation on the stock market Wednesday Warsaw is slightly better compared to other parquet Europe. A little more dynamism appears after the start of the session for the ocean and the publication of data from the US economy.
Quotations major indices on the Warsaw Stock Exchange does not show high variability. WIG20 loses slightly, just mWIG40 and sWIG80. Still shines among large companies PKN Orlen, which goes up by about 1.7 percent. Below zero PGNiG.
In Europe, you can see the falls. In France, they reach one percent. After a morning publication Ifo index, the German stock market falls by 0.7 percent. The mood among the local industrialists were according to data for March, better than expected.
The market is waiting for data on crude oil, which will be announced at 15:30. Surely they will affect the trading of this resource, which today hesitating. A barrel of Brent crude oil costs $ 55.
The key will also order data. Analysts predict a decline to 0.4 percent from 2.8 percent month-on-month in the case of durable goods. Yesterday, after a good session loss, indexes on Wall Street ended trading in the red.
WSE: Minor changes to the index. Orlen will pay a dividend
Przemysław Lawrowski, hours. 10:12
WIG20 loss losing session Wednesday symbolically. Attracted the attention of investors PKN Orlen shares due to the company’s dividend plans. The red is also the majority of other European bourses.
The Warsaw Stock Exchange started the third session this week with small declines. Repricing is therefore decline continued after yesterday’s session. WIG20 symbolically and is at a level slightly above 2,400 points. Result and so is much better than it was at the beginning of March, due to last week’s gains.
Among the large companies today are growing shares most PKN Orlen and Eurocash. Fuel giant announced yesterday to pay a dividend despite the loss. Owners would be paid part of the reserves, because in 2014 the company recorded 5.8 billion consolidated net loss attributable to shareholders of the parent company. In the longer term, this behavior does not have a positive impact on the functioning of the company.
The small drops can also be seen in Western Europe. DAX, SMI, IBEX and CAC lose about 0.2 percent. Data from Germany on the sentiment of local businesses were doing well and slightly improved sentiment on the stock exchange in Frankfurt (published value: 107.9 points; forecast: 106.8 points).
In the afternoon, the most important data will apply to orders in the US economy .
WSE: Draghi versus fear Yellen, the KNF Background
Jacek Frączyk, March 24, hours. 22:20
The session on Wednesday, the stock market will be much lower in the event than the first two days of the week. Among the most important macroeconomic indicators will be announced only economic climate index IFO Institute for March, showing German business sentiment.
This is another indicator of the economic situation, which could be observed recently many – including PMI series yesterday – but one of the more prestigious. Predicts a value of 107.3 pts., With 106.8 points. in February. Tuesday’s PMI for German industry supported the growth of trading in shares and better than expected IFO index can be a wonderful pretext good atmosphere at the current market price. The actions of the ECB in the last two weeks orient these exchanges in Europe in one way, and another data are only arguments having to give factual basis for the increases.
In addition to the above, investors will continue to analyze data that has already occurred. Especially Tuesday informed of any change in consumer prices in the US. Instead of a small deflation calculated year on year, we had no change in February. The only question is how such a situation in the face of fuel prices crash will interpret the Fed and it will affect the pace of interest rate increases? Subject rolled out in all directions since the Fed ended in November last year, the program of quantitative easing.
Exchange in the US have adopted the February absence of negative price changes and indexes were down. At the close of the DJIA fell industry by 0.5 per cent., The S & amp; P 500 lost 0.6 per cent., And the Nasdaq Composite Technology declined by 0.3 percent.
Banks on trial after KNF Communication
On the domestic backyard, there is no financial data publishing interesting companies. Will be subjected to further analysis by the message KNF, which is recommended for non-payment of individual banks, and other limiting distribution.
In April, the Commission will send to the specific recommendations of individual banks, so we are temporarily stuck on speculation. These speculations are included in the figures, which in turn will lead to a corresponding reduction in valuations of banks. WIG-Banki Tuesday fell 1.2 percent. The question is, how long it will continue to march down until you know the details of the recommendations.
The dividend PKO BP, the most important for trading WIG20 (more than 14 percent. Weight in the index), quite heavily involved in housing loans in foreign currency, it can be be much lower than zł 938 million last year, and completely not count on paid zł 2.25 billion in 2013. Net profit of the bank in 2014. was similar to that of the previous year.
Dividend of loss, or what to do next with quotations PKN?
The company will pay a dividend, after which no one saw it coming, and certainly not this year. PKN Orlen from a record loss of 5.8 billion zł not enough that it intends to pay a dividend, it’s still about 90 million zł higher than a year ago … when there were profits. From the point of view of the average shareholder falls wish even greater losses in future years that these turned into even more beautiful dividend.
Information on distribution of profits to shareholders – actually not profit, because that was not how the amounts of supplementary capital – indeed cast some light on the cause of seven consecutive sessions without falling stock prices PKN Orlen.
Suspect could be acting out of earlier large declines, probably caused by the pension funds, possibly coming publication verified by the auditors of the financial report for 2014 r. in the hope that you will point to the excessive reserves, eg. copy of the total impairment of investments in Lithuania. And in the meantime could really go for a dividend.
Of course, such an allegation is totally unjustified, because someone would have to know about the plans before they are announced dividend, and this is, after all illegal.
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