At the end of the Friday quotes WIG20 increased by 0.11%. and totaled 2248.58 points., mWIG40 increased by 0.07 percent. to 5,703.41 points and sWIG80 ended the session at Thursday's closing level (23,250.18 points). WIG rose 0.08 percent. to 76106.23 points
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Dino with a fall in the stock market. “Incriminating” details of Biedronka's owner?
He was the unsung hero of the Friday session Dino, which has decreased by several percent since the morning. The decline deepened throughout the day to around 11%. Trading in the company's shares was temporarily suspended at the end of the session. Dino shares were down 11.77% at the close. up to 409.2 PLN. At the end of Thursday's quotes, they cost PLN 463.8.
“More than 11 percent of returns to Dino are a result of the results being released Ladybugs, The largest retail chain in Poland, owned by the Portuguese Jeronimo Martins. Biedronka's revenues rose 17.2% in the fourth quarter. per year to 5.69 billion euros, and for the whole year 2023 they increased by 22.3% annually. up to 21.5 billion euros,” reads the analysis.
However, Biedronka owner Jeronimo Martins said PLN-denominated sales in the fourth quarter of last year rose by 9.4%, while the comparable sales index rose by around 5.1%. compared to an average of more than 14 percent for all of 2023, which is projected The dynamics of decline in the last (theoretically) record quarter. This puts a big question mark on Dino's results and multiplier valuation, whose report will be published only in March – writes an XTB analyst.
Allegro with a small but highest rise
The leaders of the increase on Friday morning were: Allegro, whose shares rose by 3.17% to PLN 32.4 at the close, while Kruk rose by 2.86%. to 453.6 PLN.
Why is an online retail giant acquiring? “The company had a great session and is recovering after the early January declineWhen concerns arose mainly about the end of the “lock-in” period and the possible building of the Accelerated Demand Book (ABB), Michal Stajniak emphasizes.
However, these fears have not materialized, and InPost's very good results suggest that Allegro may well surprise the market. A combination of both these factors could potentially pave the way for the stock to move higher,” the analyst concludes.
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