WSE: Mid session comment

In the first half of today's trading on the WSE, the morning booster was not specially enlarged. Thus trading, from a technical point of view, is more like stopping the decline than recovery.

In the morning we met the reading of GDP for the third quarter for the domestic economy, which grew by only 2.5% y/y vs. 3.1% in the second quarter. This is worse than forecasts indicating an increase of 2.9%. There was no greater response from the market, which for some time has been around more skeptical about growth forecasts.

A significant turnover is focus today on the companies for which will be made half-yearly revision of participation in the MSCI Poland index.

After the session on November 30, this index will leave Enea (WSE: ENA) and Energa (WSE: ENG), and index will join JSW.

While in the case of JSW and Energa such development was expected, Enea is a negative surprise. As a result, shares of the company stand out negatively, and changes in the other two are not so significant. MSCI Poland index is very important, because foreign funds invest according to it.

In the middle of today's trading the WIG20 index was at the level of 1,765 points and with the turnover of PLN 230 million.