• WSE: After start on Wall Street

Market news

22 September 2016

WSE: After start on Wall Street

The afternoon part of session brought the light rebuild of the Warsaw market. Bulls managed to return to the levels from the opening, which also means a return to cosmetics growth. Negative sentiment to energy companies, of course, still remains, so a return to growth allows visible gain to the non-energy values, mainly on KGHM. It looks like capital fleeing the energy flow in the direction of the remaining shares.

Behind us strong data from the US labor market. This is the best reading since April 16. The market in the US is back to levels before the bond confusion. So in short, we may specify the achievements of yesterday's session and a positive beginning today. We should, however, realize that now control over market may slowly take over unrolling election campaign in the US. On Monday it will take place the first TV debate of two main candidates, none of which seems to be particularly advantageous from the investors point of view.

An hour before the close of trading the WIG20 index reached the level of 1,772 points (+0,78%).

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