At approximately 2:20 p.m. WIG20 falls by 4.6 percent to approximately 2,231 points. WIG goes down by 4.8 percent to approximately 77,756 points, mWIG40 falls by 5.2 percent to approximately 5,759 points, and sWIG80 falls by 5.2 percent to approximately 22,624 points.
Shares of 338 companies listed on the WSE are discounted, which constitutes approx. 90.1 percent, while prices of only 18 companies are increasing, i.e. 4.9 percent.
The sell-off in shares of all companies listed in the WIG20 index continues.
Similarly to the first part of the session, KGHM shares continue to fall sharply, extending their declines to around 6.5%. This state of affairs brings the company closer to ending the third session in a row in the red.
Strong declines in the second half of the day were also experienced by Bank Pekao (-5.2%) and Cyfrowy Polsat, whose securities are valued about 8.5% cheaper. Ending Monday’s quotations in the red will mean the third red session in a row for Pekao.
A clear sell-off is also taking place on PGE shares, which are trading down by approximately 8.2 percent.
The smallest decline among blue chips was recorded by PZU shares, which fell by around 2.7 percent.
All mid-sized companies are down
In the mid-cap index, all companies are also falling. The biggest declines are seen in GreenX securities, which are trading about 9.3 percent cheaper, and Tauron shares (-8.4 percent).
The declines in the second part of the session were also increased by the XTB share price, the brokerage house’s securities are discounted by approximately 6.3 percent.
On Friday, after the session, XTB announced preliminary estimates of selected results for Q2 2024, forecasting that net profit in this period amounted to PLN 160.3 million, compared to PLN 118 million a year earlier. The PAP Biznes consensus assumed that XTB’s net profit would amount to PLN 195.7 million. Operating profit in Q2 2024 amounted to PLN 177 million, compared to PLN 129.9 million a year earlier. The PAP Biznes consensus predicted operating profit of PLN 221.4 million. Operating income amounted to PLN 382 million, compared to PLN 287.2 million a year earlier. The consensus assumed revenues at the level of PLN 421.7 million. In addition, XTB reported that in Q2 2024 it acquired 102.6 thousand new clients.
Which stocks fell the least?
The smallest declines were recorded by Comarch shares (-0.5%) and Huuuge Games (-0.7%). Asseco Poland, after a relatively good start to the session considering the declines on almost the entire broad market, increased its declines to 2.8%.
In the small-cap index, the only company growing is Asseco SEE, whose shares are up 0.6 percent.
On the other side of the table, Vercom shares are still down 12.2 percent. (PAP Biznes)
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