WSE: Mid session comment
The first half of trading session on the Warsaw parquet was marked by low activity. The very beginning pointed out that it will be another session to wait out and so far nothing on this issue has change. A mix of low turnover and low volatility makes that wait for the Fed is combined with the suspension of the market in anticipation of the next pulse. In the result the WIG20 drifts in areas that not activate the buyers, but also slid out of the potential of market supply. If we add to this the fact that the departure from the support is cosmetic, there is really no reason to trade. In fact, the graph of the WIG20 indicates that today's growth is rather part of the consolidation over 1,750 points than a signal of market's return to increases.
At the halfway point of the session the WIG20 index was at 1,770 points ( 0,45%) with the turnover of PLN 144 mln. Gains on European exchanges exceed 1%.