WSE: Mid session comment

From the perspective of the final of the forenoon phase of the session, course of trading was relatively simple to describe. The opening gap and a rebound of morning slump brought correction of weaknesses and return to the area of 1,750 points on the WIG20 index. Still, the index lost nearly 7 percent, so the fall is greater than a rebound. Same like in Western Europe, the strongest overrated sector today are banks. The first three places in line of companies in the classification of the depth of repricing are occupied by PKO BP, BZ WBK and mBank. In the components of the mWIG40 index the leader of decrease (-11.8 %) is the Bank Millennium, but at the forefront is also Getin Noble Bank and Bank Handlowy. In this sector are committed foreign investors, which explains the aggressiveness of supply.

Nevertheless, the market is slowly stabilizing. Bargain hunters receive shares from players who are trying to sell on the correction of earlier weakness. In a wider perspective, the fall may appear in terms of investment opportunity. At the halfway point of the session the WIG20 Index was at the level of 1,725 ​​points (-6.92%) and with the relatively high turnover of PLN 460 mln.