WSE sees correction on Friday
Warsaw’s WIG20 gained just 0.3% over the week ended October 30, closing at 4,180 after hitting a record 4,291 on Thursday. Friday brought its worst session since June, erasing most weekly gains. The WIG rose 0.2%, mWIG40 was unchanged and sWIG80 fell 1.8%, leaving small caps barely positive year-to-date. mBank surged over 16% after record quarterly earnings. Cyfrowy Polsat plunged 27% as investors rejected a strategy involving asset sales, temporarily weaker earnings and restored dividend capacity only in 2030.
Kruk fell over 5% after quarterly net profit declined 32% y/y to PLN 198 mln. KGHM dropped 7% on Friday, while XTB gained 3% over the week.
(wnp.pl)