WSE: Mid session comment
The morning session phase brought a decline of the WIG20 below the level of 1,800 points. The market did not respond with increased turnover - the activity was comparable with the first hour - but the movement is clear and indicates doubt of the investors, who were counting on a shallow correction of the previous growth. The market has no other idea than the correlation with the environment and the zloty, which pairs, USDPLN and EURPLN are traded already at levels higher than during important to strengthen the Warsaw Stock Exchange Wednesday. From the point of view of the balance of power, the breach of 1,800 points, must call a speculation that the market is intend to return to the region of 1,750 points. Today's session looks much weaker than yesterday. Not only that the decline at the same time is larger, the additional problem is the regularity both on the WSE as well as on major markets. Such a course could lead to a further weakening in the subsequent parts of the trade, but on the other hand it gives a chance for faster solstice market. For now, however, no signs of improvement can be seen.
In the mid-session, the WIG20 index was at the level of 1790 points (-1.37%) traded at PLN 185 million.