After the Easter break, investors from Książęca returned to the market in excellent mood. The WIG20 gained almost 3% and returned above 2,000 points. On the other hand, the sWIG80 was at the highest level since 2007.
Despite the ongoing lockdown streak in Europe, investors do not lose faith in higher stock valuations. The S & P500 and DAX set new all-time highs, pushed upwards by a wave of “liquidity” provided by central banks and government “stimulus packages” sustaining consumption towards sovereign debt.
With such a configuration, it is difficult to expect the Warsaw Stock Exchange to move in a different direction than Wall Street after a very successful Monday session. On Tuesday, the WIG20 rose by 2.99%, ending the day at 2,012.87 points. mWIG40 gained 1.95%. The WIG grew by 2.58%, crossing the 60,000 point line. The turnover amounted to PLN 1.3 billion.
sWIG80, after an increase by 1.49%, was above 19,000 points, marking the highest value since August 2007. The sWIG80 was higher than today only for a dozen or so weeks during the peak of the memorable boom in the first decade of the 21st century.
Among blue chips, the so-called cyclical companies, i.e. companies sensitive to changes in the general economic situation. JSW’s shares went up by over 9%, LPP by 7.2%, and PGE, CCC and Tauron over 6% each. The rising copper price contributed to a 5% increase in KGHM’s quotation. It is significant that the weakest link in the WIG20 were Mercator’s shares, rising by 0.75%.