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- WSE: Mid session comment
WSE: Mid session comment
Minister of Energy said in parliament that over several years, the nominal value of the shares of energy companies could increase by more than PLN 50 billion.
This statement has brought an unexpected slump on all qualities in energy sector, which drew the WIG20 by more than 20 points into session lows. The sell-off in PGE and Tauron (WSE: TPE) forced even course balancing.
Same design is not new, as it had already informed the newspaper. Concerns may be the amount that gave the minister because it would mean that companies would be forced to pay taxes in the amount of approx. PLN 10 billion.
Thus it is not surprising the relative weakness of the Warsaw market. As a result, during only today's session the DAX grow by 1.8 per cent. and the WIG20 after another blow received from "above" lost 0.6 percent.
In the second half of trading we enter with the index of the largest companies on the level of 1,757 points (-0,04%).
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