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WIG20 for no more than 3 years; WIG and mWIG40 improved Friday records

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On Monday, the domestic indices continued their upward trend, as part of which the Warsaw Stock Exchange Index (WIG) and mWIG40 improved the historical and 14-year records set on Friday, respectively. The WIG20 gained nearly 2 percent and, closing the quotation at the intraday high, reached the highest level since February 5, 2018.

For most domestic indices, Monday’s session started with a continuation of last week’s gains. WIG and WIG20 grew for the third consecutive session, and mWIG40 was up by the ninth one. The sWIG80 had problems with breaking the benchmark, but it also ended the day positive for the third time in a row.

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A record day on the WSE

The increases on the WIG and WIG20 were stabilized by approx. 1% for most of the day. above the line, but after US investors joined the trade, they clearly increased. Ultimately, the WIG20 gained 1.92 percent. to 2.457.36 points Closing the quotation at the intraday high, it broke the September peak of the bull market and reached the highest level since February 5, 2018.

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WIG gained 1.54 percent. up to 74,459.90 points and improved Friday’s historical record by over a thousand points.

mWIG40 went up by 0.91 percent. to 5,583.6 points, thanks to which only approx. 150 points are missing to beat the 2007 peaks.

sWIG80 increased by 0.23 percent. up to 21.708.71 points Less than 30 points were short of the new maximum.

WIGstooq.pl

Indexes at the forefront of Europe

At the close of trading on the WSE, domestic indices were among the European leaders. Behind them, slightly more than 1 percent. only indices in Turkey and Russia grew. German DAX recovered some of the morning losses and was 0.1 percent. negative, and in the US the Nasdaq and S&P 500 rose 0.4 percent each.

Monday’s session on the WSE was the eighth in a row when the turnover on the domestic stock market exceeded PLN 1 billion. This time, they amounted to slightly over PLN 1.5 billion, of which PLN 1,145 million was allocated to the largest companies. Investors focused on the stocks of KGHM (PLN 193 million), as well as PKO BP, PZU, Orlen and KGHM, where the turnover on each of them exceeded PLN 100 million.

In terms of sectors, approx. 1 percent each. drugs and telecoms were losing, and 0.5 percent. food companies went down.

Other industry indices grew, including mining – by 7.1%.

The fuel sector gained 2.7 percent, the media grew by 2.6 percent, the energy sector by 2 percent, and banks by 1.5 percent.

JSW’s share price went up by nearly 6 percent. In one fell swoop, he erased the two-day correction and improved the two-year high to PLN 58.24.

The over two-year summit improved Orlen – it grew by 4 percent. up to PLN 87.44. Lotos rose by 2.1 percent.

Initially, the banks grew by slightly more than 0.5 percent. however, sector gains have intensified. After the publication of the statement by the MPC member Eugeniusz Gatnar. which allowed for the possibility of another interest rate hike already in November, investors began to price in such a scenario.

Ultimately, Santander grew by nearly 3 percent. up to PLN 351 – for two years at the most, Pekao by 2 percent. – for a maximum of 3 years. PKO BP rose at a similar pace, which, at PLN 47.88 per share, managed to break the 2018 peak and reached the highest level in 13 years.

In turn, the historic peak was improved by Dino – it went up by 1.7%. up to PLN 354.8.

WIG20

Only 5 companies lost in the WIG20. Asseco and CCC went down 0.5 percent each, and Orange, Cyfrowy and Allegro went down less than 1 percent.

The Allegro exchange rate was clearly losing in recent days, but the Friday session was associated with nearly 7 percent. a reflection after the information that the company is taking over the courier company. Although Monday’s session started positively, it was announced during the day that Allegro Pay has a debt sale agreement with Aion Bank, and the outstanding debt balance may reach PLN 2 billion.

mWIG40

LiveChat Software increased the most in mWIG40. From the beginning of October, the chart shows a rebound after a nearly three-month correction.

After approx. 4 percent. Enea, Eurocash and PKP Cargo grew. Enea improved the 2-year maximum to PLN 10.3.

Wirtualna Polska went up by 3 percent. recorded a new record at PLN 148 per share.

In turn, with the highest turnover in the index (PLN 43 million), 5 percent. lost Mabion, which grew at a double-digit pace during the previous two sessions.

mWIG40stooq.pl

sWIG80

Volatility in the sWIG80 was lower for most of the day than in the previous days, but it returned at the end of trading. At the close, Serinus Energy went up by nearly 10 percent, and Bogdanka by 8.5 percent. Cormay was listed 8 percent. higher.

On the broad market, investors’ attention was attracted from the morning by Bumech, which concluded a preliminary 100% purchase agreement. shares of the Montenegrin company Uniprom, which has a bauxite mining concession. The sale price is expected to be EUR 10.3 million. At the end of the day, the rate increased by 29 percent. with a turnover of PLN 22 million.

The sell-off, in turn, affected the shares of Groclin (a decrease by approx. 17%), which at the end of last week grew intensively after the information that the company had signed a letter of intent on establishing preliminary purchase conditions for 100%. shares in a Wrocław company from the e-commerce segment, CountMe.

Main photo source: Shutterstock



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