• WSE: Mid session comment

Market news

13 May 2016

WSE: Mid session comment

The fact that the possible downgrading or rating by Moody's should not meet with violent negative reaction of the market is evidenced by the fact that in anticipation of this information the WIG20 without complexes overlooks consecutive daily maxima, and we may see green colour among the blue chips. Thus, our market goes up in the same rhythm as the German market. There is no case, if we look further on the zloty - EURPLN descends to the daily minimum falling below the 4.40 level.

Strengthening of the zloty and boosters of the DAX hit on vulnerable ground in a market that was looking for the pulse to rebound from 1,800 points. As a result, at halfway of the session, the value of the WIG20 index is rising by 0.6 percent. The problem, however, is turnover, which barely exceeded PLN 200 mln. With such a technical credibility of today's activity is still low.

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