TeleTrade - Analytics

    TeleTrade

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    09.03.2016 11:34 WSE: Mid-Session Comment

    The first hours of the session reinforced the key factors that were visible at the opening - domination of KGHM and low turnover in the remaining companies. As a result, the WIG20 index has not produced any considerable changes to yesterday's close and today's opening. Low turnover indicates the market is shallow. Calm stock market is paralleled by consolidating EUR/USD pair in the currency market. On such a low turnover of the stock market, the 0.4 percent decline of the WIG20 up to now can be treated with reservation. Markets seems to be waiting for the results of the tomorrow's ECB meeting. Blank macro calendar also favors cautious strategies and prompts to look for continuation of a peaceful session in Warsaw.

    On 12:30 (Warsaw time) index WIG20 stood at 1,868 points (-0.40% ) and the March series of future contracts for WIG20 (FW20H16) were at level of 1874 points ( 0,16%).


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