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Adam Torchała
Once again, the WIG20 showed that November is a different month from many previous ones. From the first to the legacy index and the latest on the rise, the WIG20 has become one of the market's star of the month.
As much as 1.9 percent. WIG20 index rose today. The result is all the more significant as today in Europe, only slight increases have prevailed. A little better than the stock markets of the Old Continent, the US indices started the day, but it should be noted that when the Americans entered the game, the WIG20 was already registered near the daily maxima. It can therefore safely be said that today's increases on WIG20 are in a way "made in Poland".
In recent times, this is nothing extraordinary. For many months, the WSE has accustomed us to strongly react to declines in the West and low growth. As a result, we lost the distance to markets. We are catching up, though. If we look at the rate of return last month, only BUX can compete with WIG20 in Europe. Our index gained 7.6% during this period, while, for example, this type of DAX lost 0.3%.
GPW two speeds
Unfortunately, the other main WSE indices are closer to the European sentiment. During the period of the month, the mWIG gained only 3.8%, the worst fell on the WIG, which lost 0.2%. And let us remind you that it is SWIG, in the last twelve months or so, that has the most distance to do its homework.
These disparities have been observed in today's meeting. For most of the day, when the blue chips surprised by a good shape, the mWIG and sWIG barely passed the line. In the end, these indices slightly improved the result at the end of the day and closed the session at 0.8% and 0.5% respectively. on the positive side. WIG, driven by large companies, gained 1.5% and turnover in the wider market amounted to PLN 887 million.
"Atomic" drops of PGE, three years of Getin's losses
Among the WIG20 companies, only EMP ended the session today (-3.5%). The stock market began to decline after news that PGE could become the sole shareholder in PGE EJ1, responsible for building a nuclear power plant. Currently, PGE owns 70%. shares in PGE EJ1. On the other hand, the valuation of Alior Bank increased by 4.9%. Once again, Orlen performed well (+ 4.0%), Lotos (+ 2.0%) and reached record highs.
On Wednesday, the third quarter report of this year was published by Getin Noble Bank (+ 5.6%). The net loss of the Getin Noble Bank Group in the third quarter of 2018 was PLN 14 million. Getin can now boast of having recorded exactly three years of consecutive losses. The results were also presented by Idea Bank (the second bank of Leszek Czarnecki). There too, there was a loss in the dashboard.
About 2.6 percent Bytom's price has gone up. The WSE said in a statement that, at Bytom's request, it would suspend its shares as of 29 November. The suspension will be suspended due to the proposed merger of Bytom and Vistula Group.
Adam Torchała
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