At the end of the stock exchange session on Thursday, the WIG20 index reached 2,565 points. It is 0.6 percent. higher than the previous day. At its peak, the rate crossed 2,573 points – the last time it was this high was in the first days of February 2018.
During the week, investment in the largest listed companies gained almost 4%. Since the beginning of the year, we are talking about profits of 10%.
Cyfrowy Polsat is the hero of the day on the stock exchange
On Monday, Allegro was one of the heroes of the day, getting about 10% in a few hours. One day later The market was shaken by the Minister of Industry, Marzena Czarnecka. After her words, the values of state-owned energy companies increased at the same rate. On Thursday, the business of billionaire Zygmunt Solorz, i.e. Cyfrowy Polsat, was in the lead in WIG20.
Cyfrowy Polsat shares on Thursday they increased in value by only 7%.. The price of one share rose from PLN 10.72 to PLN 11.47. This is the fourth day in a row that Zygmunt Solorz’s company is going up on the stock exchange.
However, it is in a completely different place than the WIG20 index, which has been breaking long-term records. Polsat is bouncing back after several years of decline.
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In addition to Cyfrowy Polsat up the market was pulled by LPP and Budimex shares (more than 3% positive each). In several cases, we also saw a slight decrease in valuation. Dino’s shares were the worst in WIG20, which decreased by 0.8 percent. Also under the line were: Santander, Orlen, PKO BP and Pekao.
Hope across Europe
On Thursday, like the Warsaw Stock Exchange, shares rose on other major stock exchanges on our continent. “European stocks are hitting highs this week” – points out Tymoteusz Turski, analyst at brokerage house XTB.
He explains that the optimistic trends among European companies are a combination of several factors. The monetary policy of the central banks is very important. Wednesday Swedish central bank decision about cutting interest rates focuses investors’ attention on the potential faster easing of monetary policy in Europe than in the US.
The expert draws attention to investors’ expectations regarding interest rate cuts by the European Central Bank (ECB). The market has been increasingly bullish for some time now.
2024-05-09 19:32:40
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