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Monday, December 4, 2023

WIG. Record on the Warsaw Stock Exchange

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The Warsaw Stock Exchange Index WIG closed Wednesday’s quotes at a record level. Thus, the result established in June was beaten. Quotations of companies from the banking sector helped. The WIG index broke the level of 68 thousand points for the first time in history.

WIG ended Wednesday’s session with an increase of 0.54%, recording a record close at 68,170.76 points. In turn, the WIG20 gained 0.64 percent. and amounted to 2,272.09 points, mWIG40 increased by 0.32 percent. to 4971.69 points, and sWIG80, also increasing by 0.32 percent. reached the level of 20,819.55 points.

WIG in the last three monthsstooq.pl

The director of the analysis and advisory department of Noble Securities, Sobiesław Kozłowski, pointed out that “the results of Pekao SA and Alior Bank on Wednesday were fundamental factors for the domestic market”. “Pekao clearly exceeded expectations, showed a strong commission result, which may stay for longer, and lower costs. Such a mix was well received by investors, which was confirmed by a 4% increase with high turnover,” Kozłowski said. PZU and PKO BP.

In his opinion, the recent statement of Grażyna Ancyparowicz, a member of the Monetary Policy Council, considering the possibility of raising the NBP interest rates later this year, could also have contributed to the improvement in sentiment towards the banking sector.

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WSE – quotes on August 4

During Wednesday’s session on the Warsaw Stock Exchange, 10 out of 15 indices grew by sector, including drug manufacturers – by nearly 5 percent, and banks – by more than 2 percent. In turn, by 2 percent. The stocks of clothing companies went down.

For most of the day, the WIG20 growth was led by Bank Pekao, whose results for the second quarter turned out to be above market expectations. At the end of the session the quotes rose by 4.1%. up to PLN 99. Other companies in the financial sector also performed well. PZU went up by 2.6 percent, Santander Bank Polska increased by 2.4 percent, and PKO BP – by 1.3 percent.

CCC recovered most of Tuesday’s sell-off, rising by 2.3% on Wednesday. In the second part of the day, the increases of Mercator Medical clearly strengthened, ending the day as the strongest company in the index. The rate increased by nearly 6 percent. Kozłowski noted that on Wednesday investors’ attention focused again on companies that are favored by the development of the pandemic.

The following are in retreat after Tuesday’s records: Dino – with a discount of 1.2 percent, and LPP – with a decline of 3.5 percent. Nearly 1 percent. the shares of Tauron and Allegro depreciated.

Main photo source: Shutterstock

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