This is a very nervous Monday morning on the Warsaw court. This is especially visible at the shares of the largest banks. Both The qualities of PKO BP and Pekao SA are cheaper by over 6 percent (State at 09:25). Other banks also scored considerable losses – mBank (-4.88 percent), Millennium (-4.06 percent), Bank Commercial (-2.17 percent) or Alior BanK (-1.88%).
Also in the case of other national champions it is difficult to speak About optimism among investors. Actions PKN Orlen cheaper by 2.23 percent, PGE – by -1.88 percent, a Enea by 2.68 percent.
“Impasse” hits the WSE and zloty
Winning Karol Nawrocki is a maintenance of a certain dead-resident in the relationship
– Marek Kaźmierczak, an older manager of VIG/C-QUADRAT TFI funds, wrote in his morning commentary. In his opinion, in a short term this may mean falls on the domestic stock market.
In particular, this applies to companies from the WIG20 index
– said Marek Kaźmierczak.
On Monday morning at 9:30 index WIG20 (includes 20 largest companies on WSE) fell by over 2.1 percent In the case of WIG, the burst was slightly smaller and amounted to about 1.5 percent. As a result, the WSE could boast of little honorable as “The worst stock exchange in Europe”. No other market on Monday has shrunk so hard.
Before 11 o'clock the situation improved slightly and WIG20 lost about 1.5 percent, while the WIG-Banki industry index 2.7 percent. (In the morning over 4 percent).
“The scale should not be large”
Slightly calming message on the scale of the discount of Polish assets After the election victory of Karol Nawrocki, analysts published Bank Pekao ARE
After the weekend, we have the opening of the Eur-PLN clearly higher (2.5 grosze above Friday's closure) and the culprit is an election surprise. It can be expected that the discount of Polish assets will be wider and will also affect bonds and shares. Nevertheless, the total scale should not be large – presidential elections do not have a direct impact on economic policy, but change the distribution of risks for the coming years.
– they emphasize. Experts point to three key risks here:
- Fiscal policy: Lack of expected active fiscal strengthening, except for the passive resulting from applicable regulations.
- Monetary policy: In the long run, the importance of the new president is growing, who will indicate future members of the RPP and the new president of the NBP. Short -term, however, this should not affect the percentage rate – cuts by 50-75 PB still possible this year.
- Political risks: The probability of previous parliamentary elections and changes in the ruling coalition increases.
Karol Nawrocki the winner of the presidential election
Karol Nawrocki was officially announced the winner of this year presidential elections. For a candidate PIS 50.89 percent voted voters. 49.11 percent His rival – Civic Coalition candidate Rafał Trzaskowski obtained support. The turnout was 71.63 percent and was the highest in this type of election since 1990. From all elections after 1989, he was higher only in parliamentary from 2023.
In total, 21 million 34,000 880 election cards were removed from the election urns. A total of 20 million 844 thousand 163 were cast for important votes for both candidates. 365 crimes and offenses were found during elections. The head of the State Electoral Commission Sylwester Marciniak said that it was not much, taking into account the scale of the event and the number of voters. Citizens with greater doubts about the correctness of elections, for two weeks, can report them to the Supreme Court. This is to officially approve the validity of the vote by July 1.