WSE: Mid session comment

The first half of today's trading did not brought any major changes with respect to the opening. The bulls side tried to light approach, but still the behavior of the WSE remaining in the shadow of that observed in the environment, which today surprises very positively. Contracts in the US gain about 0.9% and the German DAX is rising by almost 1.5%.

The Warsaw market for some time is not too strong, and this week waiting for Friday's decision by the Fitch agency is an additional negative factor. Other agencies have already changed the rating level (S& P) or attitude (Moody's), so the last Fitch will certainly be under pressure to also make some changes. Regardless of this, the attitude of foreign investors remain very cautious and it inhibits demand, the consequences of which may be seen on the market every day.

KGHM shares recovered quite well of the dividend cut today. Worse in this respect cope PKN Orlen, which, not counting the "after-Braxit" slump, for a while may have the lowest since March quotations.

At the halfway point of the session, the WIG20 index was at the level of 1,735 points (-0,49%) and with turnover in the amount of PLN 365 mln.