WSE: Mid session comment
The weakening of the zloty, drop of the EURUSD rate and about 1 percent loss of the CAC and the DAX indices did not give the Warsaw market a large opportunities in the first half of the session. Support at the level of 1,748 points has been tested again and again saw the defense of the minimum from the first session of June. The task of the bulls is not easy because the pressure from the environment, which dominated from the end of the previous week and continues to this day, does not allow to expect significant growth without the help of the core markets. However, the attempt to defend 1,750 points confirms that in the area of psychological and technical barriers the market is closer to keep balance. If in the second half of the day the environment will perform a correction movement of current decreases, it may be expected to replicate yesterday's scenario of reflection from the support.
At the halfway point of quotations the WIG20 index reported the level of 1,756 points (-1.31%) with the turnover of PLN 176 mln.