The biggest rally was achieved by the TechWIG, which is comprised of companies in the technology sector, advancing 1.62% to 1,138.52. The broadest index, WIG, gained 0.89%, the WIG20 0.82%, the mWIG (grouping medium-size companies) 0.78%, and the sWIG (grouping small-size companies) 1.06%.

Today’s advances on the WSE can be attributed to increasing confidence of investors around the world. Monday’s session on Wall Street proved that a possible interest rate decrease by the Fed on September 18^th can help the equities markets. The news brought optimism back despite the concerning news from the US labor market. Surprising to everybody was the magnitude of the increases. The WIG20 gained only 0.82% while French CAC 40 increased 1.8%, the German DAX by 1.2%, and London’s FTSE 100 by 2.0%. Investors should not panic though. The Polish stock exchange, with decreasing risk aversion of investors, should be increasing at a faster pace in the near future.

Today, 217 shares increased in value, 66 decreased, and 33 remained unchanged. The biggest gainer was the Estonian Silvano Fashion Group with a 12% increase. The biggest loser today was Ambra (-5.76%). The highest volume was achieved by shares of KGHM (mining industry), PKO BP (banking), and Telekomunikacja Polska (telecommunication).

Adam Narczewski