All European markets, including the WSE, were adversely affected by decreases noted by US markets yesterday. In fact, the dive was the highest since April 11th. The WSE opened down and the WIG20 index dropped below 3,000 points.
It seemed that banks would pace the advances today. Pekao, BZ WBK and PKO BP published their results before the market opened. Results were good and suggested that the banking sector is doing well. BZWBK lost half of what the WIG20 did today but PKO BP was doing worse while Pekao dived over 3 percent. The latter did so badly despite the fact that a new strategy would be presented in June with a new program to lure small and mid-sized companies. BRE was doing very poorly.
Polimex Mostostal construction company on the other hand rose on good quarterly results and was the best performer.
The volume of trade was PLN 500m lower than
yesterday. WIG20 shed 1.23 percent to 3,006.15 points. mWIG40 lost nearly 1
percent.