TeleTrade - Analytics

    TeleTrade

    731.00 6.50/10
    57% of positive reviews
    Real

    07.03.2016 17:23 WSE: Session Results

    Today's session brought a positive picture of the Warsaw market, which seems to be a derivative of similar conduct of other emerging markets. These grow from a few days in the wake of higher commodity prices and today, looking at the behavior of Turkey, Hungary or Russia can be seen a continuation of this trend. In this environment, the West of Europe looks a bit worse. General atmosphere is still good, and short-term trends remain on most floors growth.

    The broad market measure, the WIG Index, added 0.95%. Except for telecommunication sector (-1.17%) and chemicals (-0.22%), every sector in the WIG Index gained, with food sector ( 2.60%) outperforming.

    Oil and gas producer SERINUS (WSE: SEN) recorded the strongest daily advance of 12%. Coking coal miner JSW (WSE: JSW) also produced noticeable gains, up 6.18%, after Poland's gas company PGNIG (WSE: PGN; 2.53%) had submitted an offer to buy a district heating plant from the company.

    On the contrary, SYNTHOS (WSE: SNS), one of the largest manufacturers of chemical raw materials in Poland, posted a 6% decrease, as a response to information that the company's Board will recommend to the General Meeting to pay no dividend for 2015 year. Elsewhere, ACTION (WSE: ACT), a company which operates in the areas of trade and production of IT-equipment, withdrew its FY2015 financial forecasts, after a previuos 2-times reduction. As a result the company lost 10.4%.


    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree