WSE: Mid session comment

The initial hours of trading brought overcome of the resistance in the region of 1,750 points, although it took place at not very impressive turnover. At the dawn of the forenoon phase of trading the main index was back to the level of 1,750 points and this movement was not supported by the similar behavior of the environment. Thus we might see the first problem on the demand side and the effects of low turnover.

The noon hours of trading brought the usual decline in activity and another round will start close to 14 hours (Warsaw time), when the US capital will enter the market.

The European Commission has opened on Monday a detailed investigation into the tax on retail sales in Poland, and ordered the suspension of its use until the end of analysis, the EC said in a statement. This is not particularly surprising, because for some time came the information that the Commission contests the new tax. This was the case in Hungary, which had to withdraw from such a tax.

In the middle of trading the WIG20 index was at the level of 1,753 points (+1,12%) and with the turnover of slightly above PLN 170 million.