WSE: Mid-Session comment

The first part of the trade session was marked with moderately positive response of the market to the environment and satisfactory activity, such as the beginning of a new week.

WIG20 Index approached the highs of recent changes, and hit the resistance level of 1,880 pts., which is expected to restrict further movements up to the circular barrier of 1900 points.

Although Euroland developments send mixed signals to the Polish market, the latter remains strong.

Slight declines that marked the opening of European market sessions have now widened, and southern phase of trade brings a discount of 1% for both the DAX-a and CAC40. The biggest drops are so far in the sector of mining companies. Weaker are also banks that are second on the list of declining sectors.

Meanwhile, WSE evidenced outstanding performance of Serinus Energy Inc. (SEN) that gained more than 12% during the session so far.

Serinus Energy Inc. (formerly: Kulczyk Oil Ventures) it is an international company active in the exploration and production of oil and gas, which has a diverse portfolio of assets, includes both projects at the stage of exploration and development of deposits, as well as projects with significant exploration potential. The main assets of the company are interests in five gas fields in Ukraine, land concession areas in Brunei and shares in huge onshore exploration block in Syria. The shares Serinus Energy Inc. are listed on the WSE from May, 2010.