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

The considerable bulls’ dominance with a break from awkward consolidation ended last week on the Warsaw Stock Exchange. Green color was noticeable on every trading day past week. The demand side was strengthened by Triple Witching on Friday. The US index also performed well. The FED statement has been acknowledged by the markets as dovish.

After significant domination of bulls on Wall Street in February, March is characterized by vast majority of the supply side. The S&P500’s declines last week were connected with the factor that greatly strengthened the US currency - expected hawkish FOMC interest rates statement on Wednesday.

Surprising scale of interest rates’ reduction was the crucial event of the week for the Warsaw indices. Cut made by the MPC amounted to 50 basis points, which is twice more than the market consensus. Combining with Monday’s and Tuesday’s decrease, Wednesday’s growth impulse was quite significant. Bullish technical scenario was realised on blue chips the following days, in contrast to the stock exchange medium-sized companies.