Thursday’s presentation of the management board of CD Projekt, not very favorably received by the market, combined with the publication of the results for the fourth quarter of last year. for the second day in a row it translated into a strong sell-off of the company’s shares. After Tuesday, 10.24 percent decline, today around 4:30 pm these shares were down by another 7.77%. This is the strongest 2-day sell-off of CD Projekt stock since the covid panic in March 2020. Today, the price was at the lowest in over 3 years.
CD Projekt shares continue to decline
It seemed that Lotos shares would be at the other extreme today, the price of which initially reached the highest level since February 2020, but in the afternoon the supply gained an advantage and around 4.30 pm these shares were lower by 4.8%. However, declines in share prices of these companies were partially offset today by increases in Allegro’s share prices by almost 4%. and Pekao by over 2 percent. and as a result, before the closing of Wednesday’s session, WIG-20 lost only 0.63 percent. trying to defend yesterday’s lows. Among the components of sWIG 80, shares of Arctic Paper, PCC Rokita and Grodno established their new cyclical highs today during the session. In Europe, increases of the main stock indices prevailed today (DAX +1.27%, CAC 40 1.26%). Wednesday’s session in the US started with over 1 percent. Dow Jones Industrial Average Growth + 0.4% increases in S&P 500 and 0.45 percent. Nasdaq Composite drop. The main reason for the weakness of the latter index was over 36%. decline in Netflix’s share price, which yesterday announced the first of the time immemorial decline in the number of its subscribers. This morning in Asia and Oceania, the yields of 10-year government bonds in Australia, Indonesia and Malaysia set their new cyclical highs. In Europe, bond yields were falling today. The exceptions were the Czech Republic, where it rose to the highest level since 2011, and Hungary. Today, 10-year profitability in Canada reached the highest level since 2011. Yields on 10-year US government bonds have fallen slightly today, but their new cyclical high of 2,6003 set the 2-year yields slowly approaching their November 2011 peak (2.977%). Oil was slightly cheaper today (WTI -0.24%, Brent -0.2%). The soybean oil contracts for CBOT were the most expensive in history. During the session, the prices of CBOT rice contracts were at the highest since 2020.
The US dollar was weakening today (EUR / USD +0.56%, USD / JPY -0.94%). Following the euro, the zloty strengthened (USD / PLN -0.75%, EUR / USD -0.17%). The BTC / USD exchange rate increased by 0.71 percent.
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