WSE: Mid session comment

The session in Warsaw due to limited activity of the global players have to be calm, but slowly this baseline scenario faces a growing risk. We descend on minima session with a fall of the WIG20 by about 1 percent. The combination of meeting the WIG20 index with the levels of resistance and the upper limit of consolidation together with neutral attitude of core markets have given mix, which turned out to be stronger on the side of local factors. The market clearly hesitated at the height of 1,800 points and at this stage ignores even the strengthening of the zloty against the dollar and the euro.

After a few better sessions the WSE returns today to the relative weakness of that we have had in many months.

At the halfway point of today’s quotations, the WIG20 index was st the level of 1,788 points (-1,03%).

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