Historical WIG record for the third time in a row; mWIG40 at the highest since January 2018
23:16
After an increase of 0.19 percent to 68,387.12 points, the WIG index ended the Friday session at the highest level in history. The mWIG40 set a new high as part of a long-term upward trend – on Friday the index gained 0.40 percent and ended at 5,022.58 points, the highest level since January 2018. After another slight increase (+0.14 percent), the WIG20 approached the upper limit of the sideways trend in which the index has been moving since the beginning of June.
"The WIG20 index remains in a sideways trend in the area of 2,200-2,300 points. The index has approached the upper limit of consolidation in recent days, but the trend has not changed. On the one hand, the WSE is favored by the strong performance of the main equity markets, on the other hand, our disadvantage is the situation in emerging markets, which are still burdened by price drops in China," Konrad Ryczko, DM BOŚ analyst, said.
"Domestic capital is usually looking for an advantage in the group of companies with medium and lower capitalization, hence the WIG and mWIG40 records. But it is the behavior of the WIG20, which is usually determined by foreign capital, that has a decisive influence on the market sentiment," Ryczko added.
(PAP)
