Stocks report: Middleweights box clever

The positive situation on the global stock markets, as well as retracing raw-material prices gave buyers a boost, but political disturbances on the domestic front forced some investors to quit the Polish market.

The main indexes posted slight gains on the week, which should be considered positive. The best-performing sectors were media and food, but the biggest movers were National Investment Fund (NFI) stocks, which gained the most attention as well as quite a lot of money.

Roman Karkosik and his companies bought Supernova Capital, which is the main shareholder in nine NFIs. These gained more than 220 percent on the week, and other NFIs also had a strong week, with Odlewnie, FAM and ATM Grupa the top gainers.

Elektrim lost 15 percent on the week after the company announced it is seeking protection under Chapter 11 regulations.

Last week did not bring any sign of the market's next move. Most investors are happy with mid-cap stock rises, but would like to see the WIG20 reaching new highs.

Tomasz Jerzyk

technical analyst DM BZ WBK SA