For the first time in a long time, national indices have showed its strength comparing to indexes from the West. Both the broad market index and medium-sized companies’ index have reached long-term highs during the week. Blue chips were also performing well, exceeding the level of 2500 points, unobserved for many months. In Poland, the market was marked by good news from the economy. The current account balance was more than twice better than expected.

Global stock exchanges were dominated by bulls last week. Despite the lack of relevant data, national indexes performed well and hence blue chips were in an interesting technical situation. It should be noted, by the way, that we were trading during only a 4-day week on the Warsaw Stock Exchange. Greater amount of data and thus more momentum to higher volatility will be published the next week

After February, characterized by small companies bull market, March was the month with a minimum advantage of mediocres from the mWIG40. These companies gained less than the previous month, only 2.1%. At the same time, companies from the sWIG80 performed worse with 1.4% growth and companies from the WIG20 noted slightly more than one percent growth. The important fact is that the companies from the banking sector have increased on a monthly basis.

Holiday atmosphere on the WSE was traditionally reflected by lower volatility and public trading. Investors’ resignation from trading was noticeable, with a few exceptions defined as shares from the banking sector. Waiting for Friday's data from the US labor market, which will affect trading next Tuesday was also evident.

WEEKLY COMMENT MM PRIME TFI S.A. - March 30, 2015