2020-10-27 18:02
publication
2020-10-27 18:02
–
–
Tuesday’s session on the WSE was somewhat similar to Monday’s. We saw a strong sell-off of WIG20 companies again and again the CD Projekt-Allegro duo mitigated the impact of this sale on the index.
Rising infections and concerns about a tightening lock-down have put stock markets under pressure in recent times. It was similar today, when red dominated again on most European stock exchanges. This sentiment was part of the WSE, as the WIG20 lost 0.4 percent, WIG 0.5 percent, mWIG40 0.6 percent, and sWIG80 0.8 percent. The turnover on the broad market amounted to PLN 1.4 billion.
The relative strength of WIG20 is again the effect of the increases of the two most important companies in the index, which together hold as much as 28%. weight. Allegro gained 3.2% today, CD Projekt gained 1.1%. The first of the companies in the day even had a moment when they were eatingj the valuation exceeded PLN 100 billion, which is unique in the history of the WSE.
Among the remaining companies, only LPP (+3.1%) and CCC (+2.9%) recorded significant increases. 13 blue chips ended the day below the line, of which in 9 cases the drops exceeded 2%. Lotos and PGE lost over 5 percent, and Alior, recovering yesterday’s confusion with “Wyborcza”, went down by 8.4 percent.
In the context of the second day of countering the fall in WIG20 by the Allegro-CD Projekt duo, the post-session reports look boring. The second company informed that that it postpones the premiere of “Cyberpunk 2077“And while the earlier translations looked to be” industry standard “, now it was very close to the premiere and almost everyone took November 19 for granted. Tomorrow’s session on CD Projekt may be very interesting.
On the broad market, Decora deserves a distinction, the price of which has increased by 16 percent. The company estimates that as a result of the increase in customer demand and higher exchange rates, Consolidated net sales in the third quarter of 2020 increased by 30% yoy to PLN 108.2 million. The consolidated net profit is estimated at PLN 18.9 million, and EBITDA at PLN 25.8 million.
Adam Torchała
–
