20
MARKETS
www.wbj.pl
JULY 25 – AUGUST 8, 2011
Stocks report
world stock indices DJIA
NASDAQ
12,714.79 (July 21 close)
S&P500
2,833.87 (July 21 close)
2.23% (for the week)
FTSE100
1,344.31 (July 21 close)
3.93% (for the week)
DAX
5,898.93 (July 21 close)
2.71% (for the week)
0.99% (for the week)
Short-term relief
NIKKEI225 7,290.77 (July 21 close)
10,010.38 (July 21 close)
1.05% (for the week)
0.75% (for the week)
CHANGE: 7.43%
CHANGE: 5.87%
CHANGE: 4.08%
CHANGE: -0.02%
CHANGE: 4.55%
CHANGE: -3.30%
(year to July 21)
(year to July 21)
(year to July 21)
(year to July 21)
(year to July 21)
(year to July 21)
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: 5,070.90
52-week low: 5,833.51
52-week low: 8,227.63
Andrew Nawrocki, Market analyst & trader, gowebtrade.com
Major indices WIG
47,291.31 (July 21 closure)
WIG20
2,729.46 (July 21 close)
21.07
20.07
19.07
18.07
15.07
14.07
13.07
12.07
11.07
08.07
07.07
06.07
30.06
21.07
20.07
19.07
18.07
15.07
14.07
13.07
12.07
11.07
2,500
08.07
45,000
07.07
2,600 06.07
46,000
05.07
2,700
04.07
47,000
01.07
2,800
30.06
48,000
29.06
2,900
28.06
49,000
27.06
3,000
24.06
50,000
05.07
52-week low: 2,360.91
04.07
Change year to July 21: -0.45%
01.07
52-week low: 40,778.74
29.06
52-week high: 2,932.62
Change year to July 21: 0.25%
28.06
Change for the week: -0.47%
27.06
52-week high: 50,371.74
24.06
Change for the week: -1.00%
Top 5 BEST JAGO UNICREDIT MAKRUM PEMUG
Closing 8.05 0.55 5.50 1.48 1.24
% change (week) 52-week high 33.94 14.29 14.58 1.81 10.66 8.75 10.45 2.40 9.73 1.89
52-week low 4.60 0.46 4.60 1.19 1.02
Top 5 PGE PKOBP GETIN CEZ PGNIG
Closing 23.35 41.98 12.50 141 4.44
% change (week) 2.05 1.89 1.13 1.08 0.68
52-week high 24.90 46.81 15.29 154.10 4.64
52-week low 21.31 37.50 9.59 118.70 3.35
Bottom 5 ANTI PRIMAMODA FORTE BERLING DROP
Closing 1.65 5.41 9.73 5.00 17.82
% change (week) -20.67 -19.85 -18.65 -15.82 -15.14
52-week low 1.41 4.88 9.50 5.00 17.82
Bottom 5 PKNORLEN POLMEXMS LOTOS ASSECOPOL GTC
Closing 45.7 2.96 39.4 47.79 16.64
% change (week) -7.3 -7.21 -5.2 -2.27 -2.12
52-week high 57.90 4.84 49.42 57.65 24.98
52-week low 37.50 2.91 29.67 46.99 15.65
52-week high 3.79 9.22 15.17 7.76 43.00
Currency report
Relief or just correction?
Other indices mWIG40
2,743.22 (July 21 close)
sWIG80
11,324.97 (July 21 close)
Change for the week: -2.02%
52-week high: 2,987.72
Change for the week: -2.90%
52-week high: 12,932.00
Change year to July 21: -0.28%
52-week low: 2,416.47
Change year to July 21: -4.79%
52-week low: 11.305.41
Adam Narczewski, X-Trade Brokers Dom Maklerski SA
12,800
3,000
12,440
2,900
12,080 2,800 11,720 2,700
52.02 (July 21 close)
WIG-Banki
21.07
20.07
19.07
18.07
15.07
14.07
13.07
12.07
11.07
08.07
07.07
06.07
05.07
04.07
01.07
30.06
29.06
28.06
27.06
24.06
21.07
20.07
19.07
18.07
15.07
11,000
6,781.76 (July 21 close)
21.07
20.07
19.07
18.07
15.07
14.07
13.07
12.07
11.07
08.07
07.07
06.07
05.07
21.07
20.07
19.07
18.07
15.07
14.07
13.07
12.07
11.07
6,500
08.07
50
07.07
6,600
06.07
51
05.07
6,700
04.07
52
01.07
6,800
30.06
53
29.06
6,900
28.06
54
27.06
7,000
24.06
55
04.07
52-week low: 5,830.96
01.07
Change year to July 21: -3.56%
30.06
52-week low: 52.02
29.06
52-week high: 7,387.49
Change year to July 21: -15.72%
28.06
Change for the week: 1.01%
27.06
52-week high: 64.07
24.06
Change for the week: -2.66%
SOURCE: WSE
NewConnect
14.07
13.07
12.07
11.07
08.07
07.07
06.07
05.07
04.07
01.07
30.06
29.06
28.06
27.06
11,360
24.06
2,600
companies. Affecting the WIG on Tuesday was the weak industrial production data for June (lowest growth since October 2009). On Thursday, stock markets rebounded, as news of a plan to use the European bailout fund to make cheaper loans to Greece and other indebted governments within the euro zone brought relief to investors. The WIG closed 1.03 percent higher, with the WIG20 up 1.35 percent. Huge gains were recorded by oil and gas companies, as well as banks. Getin rose 5.57 percent, while PGNIG rose 4.23 percent – recouping heavy losses from earlier in the week. On Friday, July 22, the WIG closed 0.45 percent higher. Next week, expect cautious buying by investors with eyes on the US debt situation. ●
The week of July 18-22 began horribly for global stock markets, with indices falling across the board. Monday, July 18, saw the biggest losses for the WIG20 this year, which shed 2.62 percent (the WIG lost 2.19 percent) on fears that Europe’s debt crisis and US debt levels are being mishandled by bureaucrats and politicians. The rest of the week took the form of smaller buybacks, with investors trying hard to buy any rumor of good news. European stock markets eventually climbed their way back, though gains, until Thursday, July 21 on the WSE’s main index, the WIG, were unimpressive. On Tuesday, July 19, the WIG shed some 0.19 percent, unable to grow on news of strong quarterly results for many American blue-chip
This summer is certainly proving to be no vacation for investors, as the gravity of recent events has not given traders much rest. The economic slowdown is clear, as worse macroeconomic news from the US (labor and housing markets) and the euro zone (economic activity) continues. Quarterly results from US companies have also begun to be published, with most big firms meeting or exceeding forecasts. Of course, the main topic over the past two weeks was Greece. Fears that European countries will let Greece go bankrupt caused risk aversion to increase, causing big market swings. The EUR/USD reached a threemonth low at $1.39, while the z∏oty depreciated dramatically (reaching z∏.4.05 against the euro and z∏.2.93 against
the dollar) with the CHF/PLN reaching a historic high of z∏.3.54. Thursday’s summit of European leaders brought optimism back as a rescue plan for Greece, amounting to €109 billion, was decided upon. The plan, if executed correctly, might bring relief to the markets. Of course, it does not take away the probability that Greece will default, followed by other financially disturbed PIIGS countries. The midterm moves of currencies will be determined by how investors interpret the aid package given to Greece. After a quick depreciation, the z∏oty regained during last week to finish at z∏.3.98 against the euro, z∏.2.77 against the US dollar and z∏.3.39 against the Swiss franc.●
currency rates 3.5150 22.07
3.5587 21.07
SOURCE: NBP
3.5789 20.07
3.6377
3.5878
18.07
0.1004
3.6012 3.4
15.07
22.07
0.0996
19.07
PLN-100JPY
4.0
21.07
0.1007 20.07
0.1011 19.07
0.1020 18.07
22.07
21.07
0.08
0.1014
0.10
15.07
3.3564
3.4128
3.4325 20.07
19.07
18.07
15.07
3.0
PLN-RUB
0.12
4.4962 22.07
4.5359 21.07
4.5470
3.4547
3.4909
3.5204
PLN-CHF
4.0
3.5
20.07
4.5792 19.07
18.07
4.5930 15.07
2.8064
2.7601 22.07
4
4.6279
PLN-GBP
5
21.07
2.8218 20.07
2.8753
2.8545
2.8372 19.07
22.07
21.07
20.07
19.07
18.07
15.07
2.5
15.07
3.9760
3.9914
4.0014
4.0242
4.0402
4.0343
4
3
PLN-USD
3.0
18.07
PLN-EUR
5