On Monday, November 20, WIG set its new record, reaching 75,236.80 points after 11:00. Meaning that the oldest Polish stock exchange index improved the result by 75,018.06 points. constituting the highest level of quotations in its 32-year history. But then he stepped back and finally finished the day on a high 74,783.93 pts. gaining 0.93%.
WIG – last 7 days (Bankier.pl)
Today, WIG20 set a record for this year’s bull market, improving the result from November 15, when it climbed to 2,264.9 points. At the peak of Monday’s session, the blue chip index reached 2,269.24 points, and the stock exchange day ended at 2,250.55 points. gaining 1%.
WIG20 – last week (Bankier.pl)
MWIG40 strengthened by 1.03%, while SWIG80 increased by 0.5%. The turnover on the Warsaw Stock Exchange amounted to PLN 1.121 billion on November 20, of which PLN 951 million concerned the WIG20 index.
Stars of the session
The hottest company of today’s session was Pepco, which ended the day on the stock exchange gaining 9.96% and returning above the level of PLN 21. The breakout in shares occurred after the publication of the announcement of the company’s main shareholder – Ibex Group. Through him, Pepco is controlled by Steinhoff International – an international concern that announced bankruptcy at the end of July.
Ibex declared that it did not intend to sell Pepco shares at or close to the current price, considering them “significantly undervalued”. The shareholder also announced that he could strengthen his position. Thus, speculations about a potential sale of Pepco after the bankruptcy of Steinhoff have been weakened.
The second company from the WIG20 index that performed best during Monday’s session was Cyfrowy Polsat, which gained 5.46%. It should be noted, however, that pthe shelf hasn’t had a good run. After the bear market in 2022, during which its price lost nearly 60%, Cyfrowy Polsat did not participate in this year’s increases, adding another 30% to the declines since last year’s bottom. Last Friday, there was an announcement about the completion of the construction of a hydrogen bus factory in Świdnik, which can produce approximately 100 vehicles a year. Cyfrowy Polsat holds 50.5% of shares in it. The rest belong to ZE PAK, whose shares lost 1.2% during today’s session.-
The quotations also deserved attention during the session on November 20 Orlen (+2.63%), JSW (+2.27%) and KGHM (+2.81%). The largest Polish fuel company took control of KUFPEC Norway, thanks to which its gas production on the Norwegian Shelf may increase by as much as one third. On Saturday, JSW announced it would become a sponsor of the Polish Olympic Committee (POC). Last week, KGHM presented its financial results and increased its copper mining forecasts. The company is also favored by the price of this metal, which today reached its highest level in 2 months, gaining over 4% over the last 7 days.
The leader in declines in the WIG20 index was today LPP, whose price lost 2.43%. During Friday’s extraordinary general meeting, Mikołaj Wezdecki became the new vice-president of the company’s management board. Corporate stocks also performed poorly on Monday Asseco Poland (-1.3%) and Kęty (-0.27%).
Comarch’s shares topped the MWIG40 index, gaining 5.03% today. According to the latest information provided by the company, its order portfolio increased by approximately 1-2% compared to a year ago. Comarch pointed to the possibility of further cost increases, especially in the area of remuneration of IT employees and external services, but it expects a successful fourth quarter. Strong increases during Monday’s session in the MWIG40 index shares of Ryvu Therapeutics (+4.06%) and CCC (+3.73%) also achieved results.
Shares rose the most on the entire Warsaw Stock Exchange today Harper Hygienic, which ended the session 26.01% above the opening level. Global Cosmed also performed well (+15.63%). Polwax (-9.69%), Adiuvo Investments (-8.92%) and Relpol (-8.76%) lost the most.
In terms of sectors, they performed best today mining (+2.71%), fuel (+2.52%) and automotive industry (+1.74%). Clothing lost the most (-1.46%), chemistry (-1.25%) and construction (-0.65%).