Investors interpreted home market data which were worsen then expected, positively. They believed that FOMC would reduce interest rates during its meeting on October 31st. Technology companies, including Intel and Yahoo, presented very good quarterly results, which helped their Polish peers. TechWIG, the index of technology stock, rose 0.9 percent. The 20 share blue chips index gained 0.54 percent to 3,852.24 points.
TVN media group was the best performer among blue
chips with 3.8 percent increase to PLN 22. Investors welcomed the news that the
TV broadcaster attacks Puls rival backed by Rupert Murdoch. Prokom IT group rose
2.8 percent to PLN 143.9 after four days of losses which amounted to 3.4
percent. Ryszard Krauze withdraws from Prokom while Asseco Poland buys his
stake. It has already 9.98 percent of votes and plans to have 23.69 percent.
Agora media group shed 1.2 percent, it was the fourth day of losing. On Monday,
the new daily “Polska” was launched and investors may worry that the rival will
adversely affect Gazeta Wyborcza, a daily published by Agora.