GPW has so far guaranteed investors a lot of joy, but also worries. The session started excellently, but after a while declines occurred.
Silence before the storm
As summarized on Thursday by Adam Stańczak, analyst and commentator DM BOŚ, "the final session of the holiday week ended with gains in the main indices".
"WIG20 rose by 0.90% collecting almost 1.64 billion PLN in turnover, while the broad market index WIG gained 0.83% with a turnover figure showing almost 2.02 billion PLN," he calculated.
Michał Pietrzyca, chief technical analyst at DM BOŚ, in turn examined the situation before today's session.
"Technically, WIG20 should join moderate momentum if it can stay above key support at 3400-3357 pts. The index closed last Thursday at 3433.65 pts (+0.90%), moving toward the upper Bollinger band 3482 pts., which represents a significant short‑term resistance," he forecasted.
He added, "the rising SMA‑200 sits at 3053 pts, well below current levels, confirming that the market remains in a medium‑term uptrend despite the March correction."
"The CCI indicator at 153 points signals over‑bought, and RSI at 60.96 pts approaches the over‑bought zone, which may limit further gains without a correction. The psychological level of 3400 points is now in play to keep bulls after the last bounce from around 3234 pts, and breaking the resistance 3474-3482 pts would open the way to 3520-3550 pts. Key support lies at 3357-3350 pts, and its loss could bring the price back toward 3311-3300 pts," he added.
He summed up with the thesis that "key will be today's news from Iran and the opening of Wall Street."
The main indices – WIG and WIG20 – opened with gains, but these were quickly corrected. With the approaching Wall Street opening, investors are showing increasing caution.
So far, the best performers are: Mercator, which has risen about 14% since the session began, Pure Biologics, gaining 11%, and finally Mostostal, whose price rose by about 7.5%.
The biggest losers are: Capitea (-13%), Fon (-11%) and Big Cheese Studio (-10.8%).
See also: GPW in green. Capitea shares are rising sharply
Creotech – an interesting case of value decline
An interesting case today is Creotech, whose price was "technically" reduced by the value of Creotech Quantum.
It involves a formal split of the company into two entities – space and quantum. This led to a reduction in share value. For comparison: at the turn of March and April one share of the company cost over 700 PLN, today about 600 PLN, meaning a decline of 3.7%.
"Separating Creotech Quantum allows a clear distinction of two strategic business areas and better utilization of their potential. Creotech Quantum will soon debut on the GPW as a specialized entity, ready to accelerate quantum technology development and build value for investors based on the growing importance of this segment. Meanwhile, Creotech Instruments can fully focus on developing advanced solutions for the space sector," explained the president of Creotech Instruments Grzegorz Brona.
Creotech shareholders will receive shares of the new company automatically – at a 1:1 ratio. The day before the planned IPO on April 17, the securities will appear in investors' accounts.
Chart. Creotech share price
Source: Trading View
Read also: GPW again guaranteed emotions. The final session was strongly surprising
See also: Pure Biologics share price still surprises. GPW entered equilibrium zone
