2022-02-25 08:46, akt.2022-02-25 11:20
publication
2022-02-25 08:46
update
2022-02-25 11:20
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Investing on the WSE is currently a high-risk game. Friday may bring a rebound after sharp drops from the previous day. The direction of further trade will be shown by the following days and new information from the battlefield and diplomatic efforts.
The opening on Friday in the main indices was upward. WIG20 was higher by 1.81%, WIG increased by 2.18%, mWIG40 by 0.81% and sWIG80 by 1.37%. The dynamics of changes is considerable and the indices were rising quickly. WIG and sWIG opened a minute after WIG20 and mWIG.
After more than two hours of trading, the gains accelerated. The WIG20 increased by 4.3 percent, the WIG was higher by 4.05 percent. mWIG40 went up by 4.3 percent. and sWIG80 by 1.8 percent. The turnover amounted to over PLN 862 million, of which PLN 714 million was related to WIG20.
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The focus is on the large companies index, which on Thursday experienced the third largest sell-off in history (-10.87%), the stocks of Ukrainian companies listed on the WSE and companies with high exposure to war-torn markets. The whole is represented by the broad market index, and this one experienced the second biggest sell-off in history during the Thursday crash (WIG, -10.76%).
In the WIG20 index, the financial sector grew the most, with Pekao (12.15%) and PKO BP (8.6%) in the lead. Mercator shares rose more strongly (7%). The drops further affected the LPP price (-6.6%), which was the most overrated on Thursday. Most of the components grew and only LPP, Cyfrowy Polsat, PGNiG and Asseco were under the line.
In the second line, a rebound of over 10 percent. is observed on Kernel and Alior. The remaining banks, including mBank (95%) and Millennium (8.7%), are the strongest companies in the basket. So far, the declines are only 11bit (-0.5%) and Asseco (-2%)
In sWIG80, most stocks have a rebound, and the largest increases are apart from the Ukrainian IMPCompany, Bumech (14%) and Getin BAnk (8.9%). The inheritance is led by Lubawa (-13 percent).
Almost all stocks are rising in the WIG-Ukraine index, except for CoalEnergy (-17%), which has stopped mining coal in its Ukrainian mines. On the other hand, they are reflected in the listings of producers from the food sector operating in Ukrian. IMCompany is up by 11.8%, KSG Agro is up by 18%, and the largest Kernel in terms of capitalization is higher by 13% with a turnover of over PLN 15 million.
“The market may temporarily positively evaluate the fact that, after a series of threats against countries that would like to support Ukraine militarily, Russia has in no way reacted to the EU’s announcements and actions that are softer than American and British (for example, Russian institutions are not cut off from interbank operations in euro ), not only not reducing, but even increasing yesterday’s gas transmission by 38 percent (Bloomberg data), and potentially even more today “- wrote the director of DI Xelion, Kamil Cisowski in the morning’s comment.
The article will be updated on a regular basis
Michał Kubicki
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