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05.09.2016, 11:10

WSE: Mid session comment

The first half of the session was successful both for domestic blue chips, as well as medium-sized companies. Support for the first ones turns out to be PGE, which rate shot up by 5.9 percent after reports from the EGM, where was proposal from Treasury on increasing the value per share from PLN 10 to PLN 10.25. It's a big change from the previous proposal assumes an increase in the share capital of PLN 5.6 billion, which would mean an increase in the nominal value of the shares to PLN 13.00. This should be some support for other energy companies, because of fears about implementation of such a scenario of increase the nominal value of shares also in their case. Among blue chips is also distinguished Orange (WSE: OPL), which gained more than 6 percent.

We also have a very large increases in mining companies - JSW growing by almost 20 percent and Bogdanka (WSE: LWB) almost 8 percent due to the rising price of coal on the spot market.

In the mid-session the WIG20 index was at the level of 1,788 points (+ 1.18%) and with the turnover of PLN 156 million.

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