TeleTrade - Analytics

TeleTrade

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04.07.2016 11:12 WSE: Mid session comment

04.07.2016 11:12

After four hours of trading and publication by the Ministry of information showing more details of the proposed changes regarding the Pension Funds (OFE) investors are slowly embracing this topic. It does not look as bad as it seemed at beginning, as OFE in part consist of stock (PLN 103 bln) de facto will stay after conversion to already known in the market accounts - IKE (Individual Retirement Accounts). The WIG20 index has returned above the level of 1,720 points., but there is still difficult to positively approach to the planned changes. It is still too many question marks to be able to form a clear view.

 

However in the area of the south part of trading the market calmed down and we may clearly see, that any major deviation down of the market triggers bigger demand for purchases.

 

At the halfway point of quotations, the WIG20 index was at the level of 1729 points (-0,84%) and with the turnover of PLN 322 mln.

 


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