• WSE: Mid session comment

Market news

18 August 2016

WSE: Mid session comment

At the start of today's trading appeared cooling of the favorable atmosphere in the environment, which resulted in reduction in the rate of observed increases. On the Warsaw market the WIG20 went below support and yesterday's session lows. In the following hours of trading, while the Euroland was maintain stable and did not confirm our pessimism signaled already in the first hour, on the main floor bulls managed to make up approx. half of the losses accruing from maximum to minimum of the session. Noteworthy is the metamorphosis of KGHM, which after substantial initial decline caused by weaker-than-expected results of the second quarter, grow 0.4 percent now. On the green side of the market is also PGE. The third of the largest companies on the green side is PKN Orlen. Lasted more than an hour stabilization at the session's maxima favorites bulls in the second half of the session. At the halfway point of today's trading the WIG20 index reported the level of 1,818 points (-0.30%).

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