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- WSE: Mid session comment
WSE: Mid session comment
The forenoon readings of PMIs from services sector in Europe proved to be very good. It did not cause a greater reaction in the market, as investors traditionally are more focused on reports from the industry.
Today's market behavior is another, surprising reaction to a political event which was the referendum in Italy last weekend. The German DAX rising 1.5%, while the French CAC40 booster exceeds 1.2%. Our market is further supported by the good behavior of raw materials, where drops of oil have been completed and WIG20 in the first hour of trading was elevated above the level of 1,800 points. In the middle of trading the turnover among the largest companies exceeded the level of PLN 250 million, which is not bad for a Monday, although one-third of it is KGHM.
At the halfway point of today's session the WIG20 index was at the level of 1,819 points (+ 2.01%).
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