Exactly two weeks before the market fell information that UniCredit sold a 10 percent stake in the bank Pekao below the market price. The noise, which then caused the information, remained on the Stock Exchange for several days, but was extinguished by the signal that UniCredit is not planning to sell shares in Pekao for the next three months.
The ambiguity then signal from the UniCredit told to expect a similar information to that which now swayed Pekao shares, but the market seemed to be surprised, and from the first minutes of the session overrated bank dominated trading in Warsaw. For the better part of the session involved trading Pekao exceeded 50 percent in WIG20 and a little less on the overall market. In the final at less than 933 million made in the WIG20 nearly 478 million shares coincided with the hero of the session. Pekao impact of the behavior is not limited only to the asymmetry in trade, but was also felt in the strength indices. Pekao devaluated by more than 3 percent was not able to withstand the KGHM increase of 2.8 percent in the final of the WIG20 index gave 0.35 percent, the broad WIG index lost 0.22 percent. Taking into account the fact that some players seem to be surprised by the fuss around Pekao should expect a few more sessions, during which the behavior of the company will influence the index in Warsaw.
For the technically oriented players today’s session will not be a surprise . For several days WIG20 flirting with the level of 1800 points. looking for a new system after a swift having increased by more than 100 points. Region 1800 points. It is now the point of balance that stabilizes the index near the center of large-scale consolidation between 1,650 points. and 2000 points. For the medium-term fluctuations of the current players are technically neutral, and only re-confrontation with the January dimple or spring peak will bring new content.
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