TeleTrade - Analytics

TeleTrade

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01.07.2016 11:08 WSE: Mid session comment

01.07.2016 11:08

After an unsuccessful morning try of clearance over the week high, in the last minutes of the session slightly higher initiative show bears. As a result, the WIG20 index went below 1,740 pts. The behavior of our market presents a detachment from the environment where demand is trying to keep the indexes in the vicinity of neutral. European indexes, the Dax and the CAC40 are listed on delicate pros. In this context, the decline in WIG20 by 0.5%, once again has reflected the weakness of the local market and at the same time resistance to the increases.

 

 

The half of the session is behind us, and the turnover on the WIG20 index is only PLN 172 mln. It is clearly seen, that the demand side is absent. Unfortunately, scrubbing in the mid-session on its minima forecasts rather more trouble in the second part of the day.



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