Stock Exchange (GPW) in Warsaw in red
The WIG20 index is coming to the worst levels for almost 10 days. It loses at a rate of 1.5 percent, although at some point the value of the 20 largest Polish companies fell by up to 1.6 percent. Currently at 2766.17 points. This is the result of, among others The results of the first round of presidential elections in Poland surprising for investorsIt is also worth noting that at the end of last week there was a delicate downward trend on the Polish stock exchange.
Who is gaining and who is losing?
Only two companies gain on Monday morning – Dino, which grows by 1.6 percent. and Budimex, whose shares went up by 0.4 percent Banks are the biggest “losers” on the stock exchange. Santander bank shares fall by 3 percent, mBank by 2.6 percent, and PKO BP by 2.4 percent. The value of shares of state -owned companies also went down. PGE loses 2.3 percent, PZU by 2 %, and Orlen by 0.9 percent WIG itself weakens by 0.94 percent. Still, in the perspective, it is over 28 percent in the plus.
Investors scared by the result of the election
“Changing Hossa leaders + fear of choices = correction” – Macronext analysts note. Marek Rogalski, the main currency analyst DM BOŚ, is of a similar opinion. “The first round of presidential elections surprised against what the previous polls showed. Financial markets did not reach support for right -wing candidates (Nawrocki, Mentzen, Braun). As a result, the political struggle before the final deal on June 1 (second round) can be quite even, which will conquer uncertainty as to their final result (and Investors do not like this) ” – he notes.
Not only does the choices mean?
In turn, the analyst Xelion Piotr Kuczyński indicates that “the reaction of Polish financial markets to the results of the 1st election It is distorted by lowering the US rating (EUR/USD is growing strongly), which reduces the pressure on the zlotythere is also hope (in my opinion, vain) to the result of the Trump-Putin conversation.It may be completely different after the second roundbut we will deal with this in 2 weeks, “he added.
Announcement of the second round
The second round of presidential elections will take place on June 1, 2025. It will compete in Rafał Trzaskowski and Karol Nawrocki. The candidate of the Civic Coalition won the first turn, obtaining 31.36 percent in it. support. Just behind him was a politician supported by Law and Justice, which was voted by 29.54 percent. voters. – today's behavior of the WSE will be Lakmus paper for its possible reaction after the second roundif it ended with the victory of the PiS candidate – Kamil Cisowski from the Xelion investment house noted in an interview with Business Insider.
What is happening in Romania?
Completely different moods are in Romania, where the second round of presidential elections took place on Sunday. There pro -European, Centroplent mayor of the capital of Romania – Nicusor Dan won more votes in the second round and in a repeated vote he defeated the populist George Simiona. Markets reacted to this with euphoria. Romanian Bet Index, which measures the result of the largest companies in the country, It grows the day after the election by 3.76 percent. “This is a reaction to the victory in the presidential election in Romania of the pro -European mayor of Bucharest,” Macronext analysts note.
Sources: STOOQ.pl, Business Insider, macronextPiotr Kuczyński [X]DM BOŚ