WSE: Mid session comment
In the first half of the session, the Warsaw market proved that even under the blows of the supply on banks shares caused by the reported foreign currency mortgage loans, demand can seek increases. It is a signal that investors in Warsaw all the time working on the assumption that a few weeks of the downward trend will be broken and the game will begin at higher resistances.
Stronger zloty and good attitude of energy companies prevailed and the WIG20 index recovered all the losses from the morning and close the gap from opening.
In the segment of energy companies the decrease in the valuation of shares showed Tauron (WSE: TPE) after information about the lack of dividends. AGM of the company decided not to pay a dividend amounting to PLN 0.1 per share, as previously was recommended by the Management Board.
At the halfway point of the session the index WIG20 reached the level of 1,840 points (( 041%) with the turnover of PLN 236 mln.