Although the small increases we observed this week on Wall Street continued on Friday, European markets were more defensive and the DAX, CAC 40 and FTSE100 indices fell slightly. The Polish Stock Exchange behaved closely with them on Friday, with a relatively stable situation on the currency market and an empty macro calendar, marked by several inflation readings from European countries.
WIG20 was down 0.41 percent, and WIG was 0.33 percent lower. It is at 78450.66 points. In contrast, mWIG40 lost 0.21%. It is trading at 5,939.24 points, while the sWIG80 index rose 0.15% to 23,336.03 points. Trading value confirms Friday's float on the WSE, where in the broad market it exceeded only PLN 825 million, of which only PLN 656 million related to the WIG20.
After the best week since the start of the current bull market with increases of 5 percent and more, this week WIG20 fell 1.75 percent, WIG fell 1.41 percent, while mWIG40 gave up 0.88 percent. sWIG80 gained only 0.43%. counting Since the beginning of the year, The situation is as follows: WIG20 (-1.43%), WIG (-0.01%), mWIG40 (2.66%), sWIG80 (1.88%).
In the WIG20, supply prevails and prices of 15 companies with the largest decline in KROK prices (-3.4%), more than 1%. Shares of PGE (-1.56%), KGHM (-1.41%), Cyfrowy (-1.41%), Kęty (-1.34%), PZU (-1.24%) and JSW (-1.22%). Only CD Projekt's share prices were positive (1.09%), while those of Orlen, Allegro, Santander and Pepco rose less than 0.6%. Picao's exchange rate remained neutral (0.0%).
According to the Polish Financial Supervision Authority's short selling registry, several changes have occurred, according to an update on Friday. Marshall Weiss increased from 0.8 to 0.92 percent. Net stock position on CD Projekt. With a position size of 0.5%. Millennium International Management became active in Reda's shares and additionally increased its position from 0.5 to 0.6 percent. On Cyfrowy Bolsat. In contrast, Qube Research & Technologies Limited once again holds 0.5%. Pepco shares briefly declined, although the day before they announced they had fallen below the 0.5 percent threshold.
The current shortlist is below.
From the general market, attention was drawn to the shares of the Consolidated Contractors Company (CCC) by 8.15%, which rose as a result of investors’ reaction to the preliminary results of the fourth quarter, which exceeded 8%. Market forecast.
Polenergia shares fell (-1.06%), which plans to raise up to PLN 3.4 billion in 2024-2027 through the issuance of new shares.
Novavis Group (6.38%) shares continue the strong performance following the “Buy” recommendation with a target price of PLN 4.30 from East Value Research for another day.
A quick look at NewConnet shows the real rally for investors in cannabis stocks. After obtaining a permit to practice wholesale trade in narcotic substances and psychotropic substances for one of the industry bodies, the price of hemp increased by 63.88%, hashish by 61.03%, and labocana by 41.32%. Michel Misiora wrote more about the details in the article “NewConnect Marijuana Producer Shares Soar”.
Michal Kopecky
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