At the end of the stock market session on Thursday, the WIG20 index reached 2565 points. It is 0.6 percent. Higher than the previous day. At the peak, the average exceeded 2573 points. The last time this high was reached in the early days of February 2018.
During the week, investment in the largest listed companies achieved gains at a rate of approximately 4%. Since the beginning of the year, we have been talking about profits of up to 10%.
Cyfrowy Polsat is the hero of the day on the stock exchange
On Monday, Allegro was one of the heroes of the day, gaining almost 10% in a few hours. A day later, the market was shaken by the statements of Industry Minister Marzena Czarnicka. After her words, the prices of state-owned energy companies rose on a similar scale. On Thursday, the business of billionaire Zygmunt Sollors, i.e. Cyfrowy Polsat, was at the top of the WIG20.
Cyfrowy Polsat shares on Thursday Its value has increased by exactly 7%.. The price per share increased from PLN 10.72 to PLN 11.47. This is the fourth day in a row that Zygmunt Solorz has risen on the stock market.
However, it is in a very different place than the WIG20, which has been breaking long-term records. Pulsat is rebounding after several years of decline.
Apart from Cyfrowy Polsat arrives Market pulled down by LPP and Budimex shares (over 3% positive each). In many cases, we also noticed a slight drop in ratings. Dino shares performed the worst in the WIG20Which decreased by 0.8 percent. Also below the line are: Santander, Orlen, PKO BP and Pekao.
Optimism across Europe
On Thursday, similar to the Warsaw Stock Exchange, stocks on other major stock exchanges of our continent rose. “European stocks hit new highs this week” – points out Tymoteusz Turski, analyst at brokerage house XTB.
He explains that the optimistic trends among European companies are a combination of several factors. The monetary policy of central banks is of great importance. The Riksbank’s decision on Wednesday to cut interest rates focused investors’ attention on the potential Monetary policy has eased faster in Europe than in the United States.
The expert draws attention to investors’ expectations regarding interest rate cuts by the European Central Bank. The market has been increasingly convinced for some time now.
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