On the GPW this time the bulls pushed the bears from the throne. Which company performed best, which worst, and how do experts evaluate the session?
GPW turns green this time
The company that lost the most during the first session of the week was Photon Energy (-11.76%). The leader of gains was OPTeam (+33.33%).
The WIG index finished the session at 131,781.45 points, a jump of 1.19%.
Chart. WIG index price
Source: TradingView
WIG20 at 17:00 was at 3,586.34 points, a rise of 1.43%.
Chart. WIG20 index price
Source: TradingView
mWIG40 closed the session at 9,135.19 points, a gain of 0.74%.
Chart. mWIG40 index price
Source: TradingView
Meanwhile, sWIG80 recorded a rise to 31,025.13 points. This means the index rose by a symbolic 0.38%.
Chart. sWIG80 index price
Source: TradingView
See also: Orlen shares attacked by bears, Mostostal shares make up losses. WIG20 still looks at big politics
Analyst looks at the session
Stanisław Byszewski, securities broker DM BOŚ, noted that after the first hour of trading the Monday session on the GPW brought a "slight rebound", but the market remained "moderately weak, reflecting the mood on the main European exchanges".
"WIG20 stays in the 3,530 points area and remains close to reference levels (-0.03%). Relatively well-performing are PKN Orlen (+1.03%), supported by high oil prices, with a positive contribution from Alior (+1.05%) and mBank (+0.57%). Poorer performers are Dino (-2.01%), Modivo (-2.21%) and Kęty (-1.15%),” he said, looking at the market from a technical perspective.
"Investors still monitor developments in the Middle East and the impact of commodity markets on inflationary outlooks and Fed policy. Despite ongoing supply pressure, market volatility remains limited, suggesting a cautious stance from participants before the rest of the session," he added.
The later part of the session on the GPW brought a "clear rebound": WIG20 rose by about 0.94%, "returning to the 3,570 points area despite ongoing supply pressure on the main European exchanges".
"Despite ongoing uncertainty around the US–Iran talks, the domestic market currently benefits from a sentiment improvement around the financial and energy sectors," he added.
"Technically, WIG20 bounces off local support at 3,530 points, and the ongoing uptrend increases the chances of a move toward 3,600 points. Maintaining levels above the 3,530 points zone could improve the short‑term market picture and reduce the risk of a return to a deepening correction scenario," he described the technical situation.
For a broader context, Michał Jóźwiak, Financial Markets Analyst at XTB, noted that "Monday morning brought higher oil and gas prices, which we mainly attribute to a lack of progress in US–Iran negotiations".
"The probability of a lasting agreement between the countries, as implied by the portal Polymarket, has fallen to about 40%, the portal currently assigns a chance of it happening before the end of June," he added.
The end of the war in the Middle East would mean strong breakouts in markets (including the GPW). However, as many indications suggest, we will have to wait.
Read also: Double‑digit return on CD Projekt shares. DM BOŚ abandons CDR! Investors await DLC for The Witcher 3
See also: Mostostal shares still lose value. The big winner is Azoty Group shares. WIG20 regains strength
source: Bossa.pl, XTB
