Stocks report: The big bang

Turnover on the day was the biggest in history and it reached zł.3.7 billion. Media was the best performing sector, where TVN surged by more that 14 percent on the week. An upgraded recommendation from analysts was seen as the main driver. Agora also added seven percent.

Buyers also focused their interest on IT and bank shares. The only losers were oil companies, and it was largely due to the falling oil price. Another topic was Piotr Kownacki's appointment as CEO of PKN Orlen - the political nature of the nomination hurt the stock.

The biggest gainers were Żurawie and Energopol, which added 56 and 49 percent on the week respectively. Stocks linked with private investor Roman Karkosik were hit last week, as some press rumors circulated that disclosure duties were violated by his family members. Hutmen, Skotan and Alchemia lost ground for that reason.

Generally we had a positive week on the WSE, but opinions about the future prospects among market commentators are split. Most of them count on a typical pullback, but there are no signs of a reversal as of yet.

Tomasz Jerzyk,

technical analyst DM BZ WBK SA