20
MARKETS
www.wbj.pl
AUGUST 22 – SEPTEMBER 4, 2011
Stocks report
world stock indices DJIA
NASDAQ
10,990.58 (Aug 18 close)
S&P500
2,380.43 (Aug 18 close)
-1.37% (for the week)
FTSE100
1,140.65 (Aug 18 close)
-4.50% (for the week)
DAX
5,092.20 (Aug 18 close)
-2.73% (for the week)
-1.37% (for the week)
Market mayhem
NIKKEI225 5,602.80 (Aug 18 close)
8,943.76 (Aug 18 close)
-3.36% (for the week)
-0.43% (for the week)
CHANGE: -6.76%
CHANGE: -11.07%
CHANGE: -6.67%
CHANGE: -13.69%
CHANGE: -19.65%
CHANGE: -13.61%
(year to August 4)
(year to August 18)
(year to Aug 18)
(year to Aug 18)
(year to Aug 18)
(year to August 18)
52-week high: 12,928.50
52-week high: 2,887.75
52-week high: 1,370.58
52-week high: 6,105.80
52-week high: 7,600.41
52-week high: 10,891.60
52-week low: 9,915.73
52-week low: 2,099.29
52-week low: 1,039.70
52-week low: 4,791.00
52-week low: 5,487.82
52-week low: 8,227.63
Andrew Nawrocki, Market analyst & trader, gowebtrade.com The rollercoaster ride started on August 5, with rating agency Standard & Poor’s downgrade of US debt from its triple-A status to AA+, a first in the country’s history. Indices tanked after the weekend announcement, with the Polish blue-chip WIG20 falling 11 percent in the first three days of the week. It was not until Thursday, August 11 that the WIG20 finished higher for the first time in the month – the main impetus being lower-than-expected initial jobless claims from the US, as well as strong corporate quarterly earnings from some blue-chips, such as Cisco. Friday, August 12 brought further gains, with the WIG20 closing 1.65 percent higher, though for the week the index was down nearly 4.5 percent.
Major indices WIG
38,697.56 (August 18 close)
WIG20
2,248.51 (August 18 close)
18.08
17.08
16.08
12.08
11.08
10.08
09.08
08.08
05.08
04.08
03.08
02.08
01.08
18.08
17.08
16.08
12.08
11.08
10.08
09.08
08.08
05.08
2,100
04.08
37,000
03.08
2,240 02.08
39,200 01.08
2,380
29.08
41,400
28.07
2,520
27.07
43,600
26.07
2,660
25.07
45,800
22.07
2,800
21.07
48,000
29.08
52-week low: 2,194.07
28.07
Change year to August 18: -16.75%
27.07
52-week low: 37,368.93
26.07
52-week high: 2,932.62
Change year to August 18: -18.29%
25.07
Change for the week: -1.96%
22.07
52-week high: 50,371.74
21.07
Change for the week: -0.61%
Top 5 ELSTAROIL BNPPL EUROMARK ADVADIS PRIMAMODA
Closing 5.18 119.00 2.00 0.13 5.18
% change (week) 52-week high 61.88 6.88 35.07 157.00 33.33 5.78 30.00 0.43 27.59 9.22
52-week low 3.10 88.10 1.26 0.10 3.69
Top 5 CYFRPOLSAT POLMEXMS LOTOS TPSA CEZ
Closing 14.50 2.07 32.27 16.00 132.80
% change (week) 11.11 7.81 3.26 2.70 2.55
52-week high 17.35 4.65 49.42 19.01 154.10
52-week low 13.05 1.85 29.67 15.10 118.70
Bottom 5 POLREST UNIMA IGROUP PEKAO CDRED
Closing 0.23 3.12 0.35 123.40 4.60
% change (week) -20.69 -17.89 -14.63 -13.1 -13.04
52-week low 0.23 3.12 0.16 123.40 2.07
Bottom 5 PEKAO PBG KGHM BRE GTC
Closing 123.40 90.95 155.00 255.10 12.12
% change (week) -13.10 -7.90 -4.26 -4.10 -3.81
52-week high 196.50 252.00 198.40 349.00 24.98
52-week low 123.40 90.95 102.40 237.10 12.12
52-week high 1.06 5.25 0.78 196.50 9.88
Currency report
A period of turbulence
Other indices sWIG80
9,110.42 (August 18 close)
WIG-Banki
5,376.11 (August 18 close)
18.08
17.08
16.08
12.08
11.08
10.08
09.08
08.08
05.08
04.08
03.08
02.08
01.08
18.08
17.08
16.08
12.08
11.08
10.08
09.08
08.08
05.08
04.08
5,200
03.08
44.0
02.08
5,520
01.08
45.8
29.08
5,840
28.07
47.6
27.07
6,160
26.07
49.4
25.07
6,480
22.07
51.2
21.07
6,800
29.08
52-week low: 5,222.29
28.07
Change year to August 18: -19.48%
27.07
52-week low: 44.49
26.07
52-week high: 7,387.49
Change year to August 18: -29.25%
25.07
Change for the week: -4.10%
22.07
52-week high: 64.23
21.07
Change for the week: -0.45%
53.0
Adam Narczewski, X-Trade Brokers Dom Maklerski SA
18.08
17.08
16.08
12.08
11.08
10.08
09.08
08.08
05.08
52-week low: 8,670.88
04.08
01.08
29.08
28.07
18.08
17.08
16.08
12.08
11.08
10.08
44.66 (August 18 close)
52-week high: 12,932.00
SOURCE: WSE
NewConnect
09.08
08.08
05.08
8,600
04.08
2,000
03.08
9,300
02.08
2,160
01.08
10,000
29.08
2,320
28.07
10,700
27.07
2,480
26.07
11,400
25.07
2,640
22.07
12,100
21.07
2,800
27.07
Change year to August 18: -27.76%
26.07
52-week low: 2,101.80
25.07
Change year to August 18: -22.62%
22.07
Change for the week: 2.95%
21.07
52-week high: 2,987.72
03.08
2,228.69 (August 18 close)
Change for the week: 2.58%
02.08
mWIG40
The following Monday saw bargain hunters step in on world markets. Indices across the globe closed higher, with the Polish exchange closed that day for a national holiday. The main WIG index and the WIG20 caught up the next day, closing 2.44 percent and 2.40 percent higher, respectively. Wednesday August 17 was an extremely volatile day for the Polish bourse, after Franco-German talks failed to lead to a conclusive agreement concerning the European debt crisis. The following day, markets went into a near free-fall, disappointed with the outcome of the Franco-German summit. Markets across the globe be closed deeply in the red, with the WIG down by 5.90 percent, and the WIG20 by 5.81 percent. ●
The last couple of weeks have reminded traders of the dark days of 2008 and have got everybody wondering if a second wave of the crisis is just around the corner. The hesitance of the US Congress, along with rating agency S&P’s decision to cut the US’s debt rating to AA+, led to fears that world leaders are not responsible enough to handle the present economic situation. The currency market has been turbulent in recently, to say the least. The EUR/USD reached a two-week low of $1.41, before rebounding to $1.45. The dollar is under pressure as US economic indicators have not been optimistic and growth has clearly slowed. Investors escaped to the “safe heaven” currencies, with most opting for the
Swiss franc. The CHF/PLN reached a historic high of z∏.4.12 at one point in August. The Swiss National Bank reacted to the situation by increasing the number of demand deposits available to commercial banks. This move helped the CHF/PLN decrease all the way to z∏.3.58 before risk aversion led it back up to z∏.3.68. The EUR/PLN kept climbing, reaching a yearly high of z∏.4.2290, before easing to z∏.4.17 at the end of the week finishing August 19. The USD/PLN, after advancing to z∏.2.99, dropped down all the way to z∏.2.89. The global situation is far from being under control and only strong decisions by central bankers and government leaders will calm investors. ●
currency rates 3.7647
3.7549
3.7517
16.08
17.08
18.08
19.08
3.8066 12.08
SOURCE: NBP
3.8129 11.08
0.0991
0.1000 19.08
3.5
3.8324
PLN-100JPY
4.0
18.08
0.1002 17.08
0.1006 16.08
12.08
0.0992 0.08
11.08
3.6972 19.08
3.6112
0.10
0.0993
PLN-RUB
0.12
18.08
3.6734 17.08
3.7004 16.08
12.08
3.9562 11.08
4.7480
4.8354 19.08
3.5
3.7884
PLN-CHF
4.0
18.08
4.7179 17.08
4.7299 16.08
12.08
4.7241 11.08
2.8722
2.9270 19.08
4
4.7477
PLN-GBP
5
18.08
2.8785 17.08
2.8914 16.08
2.9191
2.9186 12.08
19.08
18.08
17.08
16.08
12.08
11.08
4.1913
4.1417
4.1475
4.1583
4.1605
PLN-USD
3.0
2.5
11.08
4
4.1509
PLN-EUR
5