Another successful day on GPW behind us.
Rising bulls on GPW heading north
The best performer today was Mercator, which gained 8.6%. Investors in Big Cheese Studio had a disastrous day, ending the session with a loss of 37%. This is the result of the launch of the company's new game, “Cooking Simulator 2”, which is poorly rated by players on the Steam platform.
WIG index at 17 was at 125,603.00 pts, translating to a jump of 0.83%.
Chart. WIG index price
Source: TradingView
WIG20 followed this trend and “jumped” to 3,433.65 pts, meaning an increase of 0.9%.
Chart. WIG20 index price
Source: TradingView
mWIG40 rose to 8,652.40 pts, indicating a rise of 0.84%.
Chart. mWIG40 index price
Source: TradingView
Meanwhile, sWIG80 “priced up” to 29,881.32 pts. The index gained 0.09% during this session.
Chart. sWIG80 index price
Source: TradingView
See also: GPW in green. Capitea shares rise sharply
From the analyst’s view
Everything was observed by Adam Stańczak, analyst and commentator at DM BOŚ. He noted that “WIG20 ended the first hour of the session with a reduction of the decline to 0.8 percent.”
“The company KGHM remains constantly in the spotlight, overvalued by 3.4% and capturing over 20% of the blue‑chip basket turnover. Demand appeared for companies that have a modest impact on the index (Modivo, PGE, Tauron and Żabka), so it is hard to speak of a counterbalance to the leaders’ overvaluation. The environment is barely stabilizing after the morning dip, so there are no impulses from that direction to strengthen demand. All of this sums up to a market picture that – again – opened with a powerful gap and is waiting for a new impulse from the environment,” he described the situation on the floor.
He then pointed out that “the afternoon session’s finish placed WIG20 in the 3,385 pts range.”
“The index reduced the decline to 0.5% supported by gains in energy companies and Orlen, which responds to the strong rise in oil prices. Technically, the market is getting closer to covering the morning gap, but resistance in the 3,415‑3,400 pts area will remain relevant even if the index returns to yesterday’s closing range,” he added.
At this stage he noted that “it is worth noting that GPW outpaces global events, where the DAX is just setting daily lows and giving back 1.7 percent.”
“Futures on U.S. indices are only at a stabilization level after falling more than 1.2 percent. Finally, the zloty lost 0.6% to the dollar. This is not a context that favors bulls,” he added.
And finally, as he summarized, “the final session of the holiday week ended with gains in the main indices.”
“WIG20 rose by 0.90%, collecting nearly 1.64 billion zlotys in turnover, while the broad market index WIG gained 0.83% with a turnover figure of almost 2.02 billion zlotys. The final changes in the indices hide a strong rebound in the intraday perspective after the morning dip played out in a world‑wide response to the U.S. President’s speech,” the BOŚ analyst described.
In his opinion, “Donald Trump – contrary to investors’ hopes – did not announce the end of the war and did not present a risky solution for the global economy to the problem of blocking the transport of raw materials and goods through the Strait of Hormuz.”
“The effect was strong declines in the environment, accompanied by a dynamic rise in oil prices. In the case of WIG20, this resulted in a morning decline of about 1.4%, which was played out with a rise in oil prices of several percent, a decline in the German DAX of about 2%, and an overvaluation of S&P500 contracts of more than 1.2%. In this context, the final rise of WIG20 hides a more than two‑percent intraday rebound that was played out in contrast to the environment,” he summarized.
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