1.4-percent decline in the WIG20 index ended the day. It is the largest living drop since Feb. 24. A correction was coming for over a week.
The strengthening of the dollar after the attacks in Brussels is a bad signal not only for our exchange. They are falling raw materials and behind them mining shares. At the same time according to the futures market in Chicago is likely Fed rate hike in July (with a probability of 55 per cent.), While previously counted in August.
It does not increase the number willing to purchase. The more that the level of relative strength index WIG20 (-1.4 per cent.) Was already at a level significantly exceeding the level of buying 70 points. Today fell to 62.53 points.
The most active companies were today: KGHM (-1.3 per cent.), PZU (-2.4 per cent.) And PKN Orlen (-0.6 per cent. ). Turnover in the first amounted to nearly 200 million zł, which accounted for one quarter of the turnover on the wig.
However, the most interesting events took place at the end of the session on the shares of Bogdanka (-9.5 per cent.). Investors did not disappoint probably declaration of President feet that coal prices will not rise dramatically, or the loss of a chance to production license in the field “Lublin”, but shares fell by more than 12 percent. To end the session at 38.50 zł, lower by 9 , 5 percent. from the closing of the previous day.
Looking at turnover (363,000 shares) have to guess that the seller could be one of the pension funds. Recent increases in the relatively good financial results (loss, but the negative write-offs) can be used to exit from the investment. Enea is the largest shareholder with a share of 66 per cent., Which is to provide the company with a stable too.
To the west of our borders slight declines or slight increases. They lose from 0.1 to 0.7 percent. indexes of stock exchanges in New York, 0.1 percent. Paris (CAC40), by 1.1 percent. Milan (FTSEMIB). Increased by 0.44 percent. Frankfurt (DAX) and by 0.1 per cent. London (FTSE100).
fell today banks: Unicredit 3.1 percent. Deutsche Bank 2.7 percent. and Societe Generale 2.7 percent.
Similarly, he behaved today Polish banks.
The big today, shares of companies in the sector of FMCG. L’Oreal (+2.2 per cent.), Unilever (+1.7 per cent.), Adidas (+1.8 percent). – The latter probably in reaction to the good performance of the main competitor, the US Nike.
WSE: Correction downward WIG20
Jacek Frączyk
the correction of WIG20 gathered for a long time. Levels of overbought market were so high that investors pre-Christmas period decided to use to take profits.
1.5 percent. WIG20 falls to half an hour before closing. For several days, the index was strong overbought levels – an attack in Brussels, apparently gave the signal to take profits.
Pulling the stock market today most of the day up KGHM (-1.8 percent). Went over to the spadkowiczów. This is due to going down the course of copper on the strengthening of the dollar. This in turn partly the effect of the terrorist attack in Brussels. Ton metal falling 1.7 percent. and again it is priced below 5 thousand. dollars.
The 570-millionth turnover WIG index up 504 applies to companies inheritance, and only 66 million zł is the company’s growth.
Among the most active companies in addition KGHM, PKN Orlen (-1 6 per cent.) and PZU (-2.6 per cent.). Most of WIG20 lost PKO BP (-3.2 per cent.).
Wall Street after more than an hour session on the cons: DJIA lost 0.3 percent. The S & amp; P500 0.4 per cent., And Nasdaq 0.6 percent.
Much more than forecast increased oil stocks compared to the previous week – 9.4 million barrels, instead of the expected 2.5 million. Strengthening of the dollar also negatively affect the price of fuel.
The light went cons and most stock markets in Europe. The exception is Germany – DAX gained 0.5 per cent., Who jumped over the psychological level of 10,000 points.
The market is slowly starting to dominate the atmosphere of holidays
Przemysław Lawrowski
the situation on the European stock exchanges has changed little compared to what we saw at the beginning of session. Investors did not react to the words of the Minister of the Treasury on the copper company KGHM, which today remains the strongest blue chip.
WIG20 after rising above the level of yesterday’s close, fell halfway through the session to your session minimum. The pace of change in the market shows that the stock markets is slowly starting to dominate the atmosphere festive. Tomorrow investors for the last time this week will be to trade stocks, because the Friday session will not.
Among the blue chips handles best KGHM, which is gaining more than 2.5 percent, and the price of its shares is slowly coming to the level of 80 dollars. The second in line is a bank BZ WBK, which is gaining about 1.5 percent.
Copper giant is increasing due to improving sentiment in the copper market. Great influence on the market did not have information about the possibility of buying the Treasury increased the number of shares (up to 40 per cent stake in the company). Jackiewicz Minister also said that it has no plans to call PKO BP and PZU.
Approximately 0.3 percent of the shares of PGE lose. Yesterday evening, the company issued a communiqué in which they learned about the appointment of a new president of the energy company. It is the former Deputy Minister of the Treasury.
Compared to the beginning of the session, the markets of Western Europe also little changed. Continues to lead the German DAX, which gained more than percent. About 0.5 percent goes up Euro Stoxx 50 index and the French CAC. “Under the dash” fell whereas the Italian FTSE-MIB and the Spanish IBEX.
About 14:00 we will know the reading of the index of consumer confidence. This is the second data released on Wednesday, the Polish economy.
GUS no impact on the WSE. See what the gold
Przemysław Lawrowski
Although growth in the majority of European bourses, the WIG20 index at the start of Wednesday’s session loses its value. The decrease in the value of the indicator is not large. The latest CSO data did not affect the situation on the Warsaw Stock Exchange, but the movement was visible on the zloty market.
The scale of the drop was after 10:00, about 0.2 percent. The best company in the index is BZ WBK and KGHM, and the weakest Alior Bank and Orange Poland.
At 10:00 GUS data on unemployment in Poland in February of this year. They show that the percentage of unemployed is 10.3 percent, the same as a month earlier. More on this subject can be found in money.pl. The data had no impact on the Polish stock exchange quotations. Strong movement could be seen while on the zloty market. This applies primarily euro, the Swiss franc and the pound.
In Western Europe recorded good gains, the German DAX index (+1 percent). Even better handle the Greek stock market, which goes up by more than 2 percent. So far, declines recorded only the Russian market, Turkish and Portuguese.
The stock market will focus on the former stimuli
Przemysław Lawrowski
A small number of publications macroeconomic scheduled for Wednesday will make the volatility in the stock markets will be limited. The question of bombings in Brussels slowly recedes into the background, and again one of the most important topics on the stock exchanges will be changes in oil prices.
The events that took place on Tuesday in Brussels made WIG20 broke its upward trend. The situation changed, however, at the very end of the session, when the index greatly appreciated and reached 1,962 points. Not counting Friday’s rise, this is the level that we have not seen since the last days of November 2015. If the index manages to permanently overcome the level of 1960 points, a question worth 2,000 thousand points should not be a problem.
On Wednesday, investors will learn from the Vistula data on unemployment in Poland. The CSO will release the report at 10:00, and at 14:00 is scheduled reading of the consumer confidence indicator. Both labor market experts, as well as the Ministry of Labour expects that the proportion of people without jobs in February was the same as in January and amounted to 10.3 percent.
According to the Ministry of Family, Labour and Social Policy, in Feb. employers submitted 48 percent more jobs than in the same period a year earlier. Digit unemployment persisted in 6 provinces, and the lowest was in Greater Poland (6.6 percent).
Pozna data on Polish unemployment, the market does not appear today, many macroeconomic data. This is one of the reasons that make the volatility in the stock markets will be limited. Only in the second part of the session data will show the Americans. At 15:00 the reading is scheduled sales of new homes in the US, and at 16:30 information about changes in fuel stocks. More important for the market will be information later.
The level of stocks of oil directly affects the price of this raw material markets. In turn, changes in oil prices strongly recently pointed out investors from the stock market. Investors expect that crude oil inventories for the week rose by 2.5 million barrels. A week earlier the increase was 1.3 million barrels.
In the second half of March oil recorded reflection. Its price rose from less than $ 39 per barrel to 41 dollars per barrel. It’s also a lot more from the lowest level that we saw this year in this market. In late January, the price of oil reached the level of $ 27 per barrel.
the above text is an expression of personal opinion and the views of the author and should not be construed as a recommendation to buy or sell securities.
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