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WSE. WIG20, WIG quotations – October 18, 2023

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Quotations on the Warsaw Stock Exchange (WSE) were marked by declines, mainly due to the financial sector. Mining companies were strong, and PGE shares continued to rise. Rafako’s share price fell by over 18 percent after information about the commencement of preparing a bankruptcy petition.

At the close of Wednesday’s quotations, the WIG20 index dropped by 1.12%, to 2,094.62 points, mWIG40 dropped by 1.21%, to 5,225.56 points, and sWIG80 lost 0.43%. and amounted to 21,032.68 points, and WIG fell by 1.05 percent, to 70,474.84 points.

Quotations of large companies – WIG20

The WIG20 index was dragged down by, among others, companies from the financial sector. Pekao shares fell by 3.13%, PKO BP dropped by 2.97%, Santander’s shares dropped by 2.37%, PZU was depreciated by 1.98% and Alior Bank lost 1.42%. mBank shares were quoted at 0.87%. below Tuesday’s close. Bank Millennium, included in the mWIG40 index, fell by 2.35%. As a result, the WIG-Banki index decreased by 2.38%.

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WIG20 – October 18, 2023stooq.pl

Pepco was the leader of declines among blue chips. The company’s shares fell by 7.53% on Wednesday, reflecting all of Tuesday’s gains (the company increased by 6.76% at closing on Tuesday).

Pepco’s share price has been rising over the last week and the company’s shares have gained approximately 21.5 percent during this time. Earlier, for a month and a half, Pepco fell sharply, setting new historic lows.

On Wednesday, Pepco announced that it wants to rebuild the profitability of its core business in Central and Eastern Europe and plans a more disciplined approach to the group’s growth and capital expenditure. The company plans to open at least 400 net new stores across the group in fiscal year 2024.

Asseco Poland had a disappointing session, with its shares dropping by 4.24%.

The leader in growth in the WIG20 index was JSW (+3.62%), and the KGHM share price also increased by 1.25%. The securities of Bogdanka, included in the mWIG40 index, also recorded an increase (+0.9%). Thanks to positive quotations of mining companies, the WIG-Mining index gained 1.48%. and was the strongest indicator among industry indices. Among blue chips, PGE (+1.61%), Dino (+0.73%) and LPP (+0.31%) continued their gains in recent days.

PGE was not the only company from the energy sector whose price increased. Among the growth companies from the WIG Energetyka index, the leader was Columbus’s shares, which increased in price by over 4.87%.

Columbus Energy announced that it has signed a term sheet with DTEK Renewables International regarding potential strategic cooperation in the construction of three large-scale energy storage facilities with a total capacity of 398 MW and a capacity of 1.6 GWh, based on projects owned by Columbus.

During the session, the Allegro share price did not change much, and at closing the company’s shares increased by 0.09%, to PLN 28.9.

Goldman Sachs raised its recommendation for Allegro to “neutral” from “sell” and set the target price for the company’s shares at PLN 32, which gives a growth potential of 11%. compared to the last closing price.

The PKN Orlen price has been stable since the beginning of trading, but has fluctuated during the last two sessions. After the oil company’s price increased by 8.53% on Monday, on a wave of post-election euphoria, on Tuesday the company’s shares ended the session with a decline of 1.42%.

Today, Orlen’s price was quoted at levels similar to Tuesday’s closing, and ultimately, at the end of the session, it fell by 0.08%.

On Wednesday, UKE resolved the auction of frequencies in the 3400-3800 MHz range, each of the four participating operators (Polkomtel, P4, Orange and T-Mobile) will receive one 100 MHz block. Orange will pay PLN 487.095 million for its block.

Orange shares were trading at 0.75% at closing on Wednesday. below the reference level.

Declines in company prices

CI Games stood out negatively among medium-sized companies. The company’s shares fell by 7.88%, losing some of Tuesday’s gains (on Tuesday, the gaming company’s share price increased by 15.54%).

This is another CI Games rate discount. The company has been losing for several weeks as a result of poor ratings for the company’s key game, Lords of the Fallen, which premiered on October 6.

A discount of 3.69 percent. recorded the price of Inter Cars, which on Tuesday was one of the strongest growing companies in the mWIG40 index.

Among small companies, Rafako recorded the largest decline (-18.22%) and was therefore the weakest company on the WSE at Wednesday’s closing. Rafako announced during the day that the company’s management board had decided to prepare a bankruptcy petition, but the company stipulated that this did not mean that it had decided to submit such a petition.

Main photo source: Shutterstock

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