Selling shares still handing out cards on the Warsaw Stock Exchange. The balance of the first hour of trading on the Warsaw Stock Exchange, but also in the whole of Europe is negative.
At the opening of trading the index of domestic blue chips were neutral, but after the diagnosis of the situation, investors have come to the conclusion, that is not at risk and we are seeing the market declines. They are not large, but the course WIG20 was dangerously close to 1,900 points.
Among the largest companies clearly in positive territory so far is only the LPP (+0.5 percent.). On the other side is PKN Orlen, which lost more than 2 percent. About half are in the red: PKO BP, PGNiG and Tauron.
A little better at smaller companies. Both mWIG40 and sWIG80 remain slightly above the line. Among the “średniaków” there are no companies that extremely distinctive in today. Perhaps with the exception of the stock exchange as a company, which slightly gains in value, thus celebrating the 25th anniversary. Unfortunately, beyond the modest increase in the trading of its shares, the total situation on the stock market does not give cause for satisfaction.
The deterioration in sentiment observed not only in Warsaw. Similarly, in Frankfurt, London or Paris. It may be difficult to reverse this trend, because the calendar does not see pretexts to change the balance of power. Behind us for the publication of inflation in Germany, which brought no surprises. Most likely, completely unnoticed pass similar data from the United Kingdom.
Author: Damian Słomski
Exchange celebrates today 25 years. The positive mood also give domestic investors? Fostered by the rise in oil prices to the highest level this year, but on the other hand, we have the falling quotations on the stock exchanges in the US and China.
After a significant devaluated shares of the largest companies listed on the WSE in the last week you could hope for a rebound earlier this week. In part, this happened – in the early hours of Monday session WIG20 was over the line. The end, however, the investors brought to the ground, and the rate of 0.3 percent. on the minus.
The Warsaw Stock Exchange fell significantly less than the rest of the competitors in the region, where the index grew from 0.5 to 1.2 percent. This shows that we are in a correction phase increases the last few weeks. On the other hand, you can expect that it is slowly coming to an end. Despite the less than favorable sentiment for three days WIG20 successfully defends himself against a descent below 1,900 pts., Building a base for a future attack on the psychological barrier of 100 points set. above.
Overcoming impotence buyers and in the end stronger upward movement on Tuesday would be a nice touch to celebrate the 25th anniversary of the stock exchange. Exactly 12 April 1991 signed the founding act of the WSE. The beginning of the building of the capital market in Poland on the occasion of the birth told us in an interview the first president of the Stock Exchange Wieslaw Rozłucki.
Unfortunately, in celebration we may slightly hinder the environment. The mood on Wall Street and in China are not the best. Americans but finished the session just less than 0.5 percent. under the dash, it was the daily minimum and this course definitely slipped in the last hour of trading. About 0.7 percent. lost in the moment as the Shanghai Composite.
In order not to be so pessimistic, it is worth noting that we have the highest crude oil prices this year. Price per barrel of Brent reached $ 43 yesterday. The last time this level was December 7 last year. What is important, yet you can not see more profit taking, and the exchange rate stabilizes above the 42.5 dollar.
In the context of raw material prices will be important evening data on oil stocks according to API. Recently they decreased by 4.3 million barrels. In addition, there is no scheduled a number of important publications. By noon noteworthy only information coming from Germany and the UK on inflation.
More and more important in the near future should not have data on the situation of economies and those speaking about the financial situation of companies. Wall Street’s earnings season moves. This week’s report set before in addition Alcoi include JP Morgan, Bank of America and Citigroup.
The market assumes that for the fourth time in a row the American company will record profits decline year-on-year, this time by 8.1 percent. This would mean the biggest decline since the second quarter of 2009. Negative results affect mainly lower than in previous years, corporate profits sectors related to raw materials.
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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