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- WSE: Mid session comment
WSE: Mid session comment
In the first half of today's session, the WIG20 index went down to yet new lows, which was contributed by further restatement of PKO BP. This suggests transition to a more unfavorable scenario for the bullish participants. The Warsaw market dipped below yesterday's low, further prompting that the support in the area of 1,900 points may be challenged. If we add to this the weakening of the PLN that reduced the magnitude of possible corrections after the substantial declines in recent days, the situation is even less welcoming to the bulls.
The level of 1900 points on the WIG20 was breached exactly in the middle of the session and at the halfway point of today's trading, the WIG20 index was at 1,899 points (-0.87%) and with turnover at PLN 125 mln.
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