The highlight of this afternoon on the Warsaw market was the decision of the shareholders of PGE (at the request of the Treasury) to distribute a dividend of only PLN 0.25 per share compared to previously proposed amount of PLN 0,92 per share. The scale of sales at PGE after the voting exceeded expectations. This can be seen not only by breaking through the course of the lower collars, but also by the turnover, which has already exceeded PLN 115 mln. The course itself goes below the minimum of Friday's massacre, which turns out that a dividend cut is a bigger problem than Brexit.

The American market began with increases of about 1%, which helps our WIG20 index to some recovery.