On the GPW this time the bears were on top.
GPW drenched by red
The biggest loser was Capitea (about -12%). The leader of gains was Genomtec (+18.17%).
The WIG index ended the session near 130,148 points, meaning a drop of 1.24%.
Chart. WIG index price
Source: TradingView
WIG20 index at 17:00 “closed” at 3,518.79 points, indicating a downward correction of 1.88%.
Chart. WIG20 index price
Source: TradingView
mWIG40 ended the session at 9,034.25 points, translating to a drop of 1.1%.
Chart. mWIG40 index price
Source: TradingView
Meanwhile on sWIG80 a decline to 30,722.35 points was recorded. This means the index fell by 0.98%.
Chart. sWIG80 index price
Source: TradingView
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Analyst reviews GPW session
Michał Pietrzyca, chief technical analyst at BOŚ Brokerage House, has been analyzing what happened in the market since 9:00. In the first part of his report he noted that “at the start of the cash trading session WIG20 entered the session weaker: opening at 3,569 points, then quickly fell to around 3,550 points (-1.01%), with a morning low around 3,547.6 points (on the chart you can even see a dip to the 3,541 points region, -1.26%)”.
“Technically, according to Wyckoff, this move looks like a reaction within consolidation after yesterday’s bounce — the market tests supply below 3,600 points and moves toward the demand zone, where maintaining the 3,530–3,540 points area as a potential LPS/support test remains key. From DiNapole’s perspective the nearest “working” zone is exactly 3,530–3,540 points (on the chart this also coincides with the Bollinger middle band area ~3,540.6), and only a return above 3,569–3,600 points would improve the short‑term picture and open space for a renewed attack on higher resistance,” he explained on technical matters.
Already after the first 90 minutes of trading, the picture on GPW clearly worsened: after opening WIG20 at 3,569 points and the first reading around 3,550 points (-1.01%), the market consistently moved down, falling to 3,518 points (-1.90%) around 10:30 at a minimum of 3,516 points, and on the daily chart you can even see a dip to about 3,513 points (-2.04%).”
As he warned, “this means that in a short time the index gave back almost all of yesterday’s bounce above 3,530 points, and the morning move became a classic “risk‑off”, supported by weaker foreign background.”
The analyst pointed out that “the macro and geopolitical backdrop favored such a market setup: US contracts were weak (Dow around -0.1%, S&P 500 around -0.3%, Nasdaq 100 around -0.7%) due to the US–Iran standoff and lack of a quick de‑escalation prospect.”
“At the same time oil keeps inflationary pressure – Brent in market reports is again above 105–106 USD/bbl, raising concerns about the US CPI reading and limiting risk appetite in Europe. This is also seen in Euro‑land: DAX had a clear weakness in the morning (drop of about 1.3% to around 24,036 points) and only later tried to recover some losses, remaining a ‘stakeholder’ in energy prices and geopolitics. As a result, GPW entered the session externally overloaded, and technically the morning dip below yesterday’s defended zones around 3,530 points increased nervousness and accelerated profit taking,” he added.
As XTB adds, “the start of the week is marked by a reversal from risk due to the standoff in negotiations between the US and Iran.”
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See also: Mostostal shares still lose value. The big winner: Grupa Azoty shares. WIG 20 regains strength
source: Bossa, XTB
