19.6 C
London
Sunday, June 1, 2025

The Warsaw Stock Exchange suspended the quotations. GPW message

Must read

- Advertisement -


The Warsaw Stock Exchange (GPW) in Warsaw suspended the quotations for an hour on Monday. In the communiqué, she explained that this resulted “from the record number of brokerage orders from the beginning of the session, which could lead to the stability of the system”.

At the closure at 17 Monday session of the Warsaw Stock Exchange Both main indexes – WIG and WIG20 – recorded a decrease by nearly 1.5 percent. WIG fell by 1.47 percent to level 87727.11 points In turn, the WIG20 largest and most profitable companies lost 1.49 percent. reaching 2431.32 points

Before suspension of WIG20 quotations, it fell by 2 percent. and amounted to 2418.2 points At the opening of the WIG20 session, it was 2357.87 points, which meant a drop of 4.6 percent. against the Friday closure (2467.99 points).

WIG – Questions on April 7, 2025STOOQ.PL

- Advertisement -

Earlier, the WSE informed about the hourly, from 15.15 to 16.15, suspension of quotations on all markets due to trading security. At the same time until 16.30 a publication of stock indexes was suspended.

The GPW suspended the quotations. Announcement

“The temporary suspension of quotations on April 7, 2025 resulted from the record number of brokerage orders from the beginning of the session, which could lead to the stability of the transaction system,” the WSE wrote in a message on its website.

She added that “the number of operations on brokerage orders exceeded the average by over 300 percent and was higher by 40 percent compared to the session on April 4, 2025”.

And she explained that “from the WSE's point of view, this is an operational effect, in line with applicable procedures.”

“We are currently observing a high market variability, although in the past there have been sessions with even greater fluctuations in courses. This time, however, we were dealing with an extremely large number of incoming and modified orders, intensified by the activity of algorithmic trade strategies” – wrote in the communiqué.

Expert on the suspension of quotations on the WSE

– It is probably the point that the stock exchange suspended the quotations at the beginning of the session in the United States – Piotr Kuczyński, a financial analyst, commented on TVN24.

He added, if this is the reason, “it would be that people under the influence of emotions would not start selling, for example, their shares.” – Well, but the WIG20 index lost six percent on Friday and no one stopped any quotations – he assessed.

– Sometimes the quotations stop on the stock exchanges with large index drops and for a short time. So that investors could control themselves. It's true, it happens – he said.

At 15:30 the New York stock exchange opened. After opening the DJI session, it fell by 3.3 percent, S&P 500 by 3.44 percent, Nasdaq Comp. In turn, he reduced by nearly 4 percent Indexes in the following hours made up for losses and around 17:30 Dow Jones was only 1.1 percent. On the downside, S&P 500 lost 0.7 percent, and Nasdaq – less than 0.2 percent

During two sessions from last week – on Thursday and Friday – WIG20 decreased by over 10 % in total, and WIG fell by more than 9 percent.

Source of the main photo: Shutterstock



Source link

More articles

- Advertisement -

Latest article