• WSE: Mid session comment

Market news

3 August 2016

WSE: Mid session comment

Today's trading does not provide many attractions. Once again the region of 1,800 points was the market stabilizer. After the withdrawal in the first hour the market has found a balance in around the psychological barrier. A significant impact on the stabilization is analogous behavior of core markets. Closely followed in Warsaw the DAX ends mid-morning phase of session in the area of yesterday's close.


Yesterday's intraday lows on the PLN currency pairs has been cosmetically enhanced (to the greatest extent on the EUR / PLN due to withdrawal of Eurodollar), which indicates the still continuing positive sentiment for the domestic market. In the context of the Warsaw Stock Exchange this can therefore be taken at face value. While optimism can be seen on the zloty, light withdrawal of the WIG20 should not cause any serious damage for the bulls side.

The halfway point of trading the WIG20 greeted at the level of 1,799 points (-0.24%) and with the turnover slightly below PLN 250 mln.

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.