TeleTrade - Analytics

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04.07.2016 07:14 WSE: After opening

04.07.2016 07:14

When the futures on European indices were on green side, our FW20 took off with more than 1% drop, thus there is a noticeable disparity in response to the ongoing conference of the Deputy Prime Minister.

 

 

WIG20 index opened at 1728.89 points (-0.90%)*

 

 

WIG 44316.43 -0.98%

 

 

WIG30 1928.09 -1.23%

 

 

mWIG40 3356.92 -1.27%

 

 

*/ - change to previous close

 

 

Cash market opens with discount at considerable turnover as on Monday with the American holiday in the background. This is a consequence of a negative reaction to the words of Deputy Prime Minister, who finally said that funds from open pension funds would be transferred to the third pillar and demographic reserve fund. It seems that ultimately OFE and so will be eliminated, and a portion of is to be used for "important project of economic policy." All blue chips are losing value and investors did not like as yet communicated messages regarding pension funds.



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