WSE: Mid session comment
The morning phase in Warsaw indicates that below 1,750 points there is no sellers. For several days the market sends a signal that the existing levels of supply may not start the downward wave. With no doubt, it helps a similar arrangement on the core markets, where the German DAX recovered some of the losses. In the case of the DAX helps encounter with 9,500 points. In the context of relatively easy stabilization in the region of 1,750 points it is worth noting that the contract for the US S&P500 index lost barely 0.2 percent. If investors in the US sustain this relatively small decline, in the second half of the session we may see a upward pressure from the environment, which will facilitate for the bulls a higher close.
The absolute leader of decrease in companies from the WIG20 index is now Orange Polska (WSE: OPL; -2.98%). The fall below the minimum of several years is a sign of great weakness of that shares and of course promises to attack of the level of PLN 5,00 in the near future.
At 13:00 (Warsaw time) the WIG20 index was at 1,747 points (-1.47%) and achieved the turnover of PLN 166 mln.