WSE: Mid session comment

Morning publications of final PMI's for the European industrial sector was not optimistic. The data for the euro zone remain relatively stable and over the psychological level of 50 pts., but mostly thanks to the continued good shape of Germany. In other countries as in France or Greece the situation remains weak (return of ratio below 50 pts.) or noticeably deteriorated as in Italy or Spain (in Italy, the rate went down from 53.5 points to 51.2 points). Positively showed practically only two countries: the Netherlands and Hungary.

After a higher opening in Europe there were some problems on the demand side, and the German DAX gave almost of the whole morning growth.

The WIG 20 index went down the dash, mainly under the pressure of more than 4 percent depreciation of the PGE (WSE: PGE). The company said in the statement that considering an increase in the share capital using the company's own funds, which may have the effect of tax to the Treasury of more than PLN 1 billion.

In the halfway point of the session the WIG20 index was at the level of 1,755 points (-0,24%) and with turnover of PLN 163 mln.