Bearish moods in the GPW stock market

APA - Austria Presse Agentur
06-10-2005, 20:59

Poland: Warsaw (Puls Biznesu) – Thirty companies up, over two hundred down, including all WIG20 companies. PKN Orlen fuel giant, KGHM copper producer, Lotos fuel firm, PKO PB, BZ WBK and BPH banks as well as Agora media group losing at least 4 percent – that’s how the market looked like on Thursday. The WIG20 index ended 3.6 percent down at 2,418.

Poland: Warsaw (Puls Biznesu) – Thirty companies up, over two hundred down, including all WIG20 companies. PKN Orlen fuel giant, KGHM copper producer, Lotos fuel firm, PKO PB, BZ WBK and BPH banks as well as Agora media group losing at least 4 percent – that’s how the market looked like on Thursday. The WIG20 index ended 3.6 percent down at 2,418.65 points although it was shedding even 4 percent during the day.

Speculative capital thrived. The first five best performers included PC Guard, Gant, Bytom, Arksteel and Skotan. Medium-sized companies with solid fundamentals, including Apator, Bioton and Getin managed to avoid falls. The worst performers among bigger companies included Bank Millennium (-7.1 percent), Grupa Lotos (-5.7 percent) and BZ WBK (-5.0 percent). Agora media group lost for the fifth consecutive day due to news concerning the costs of implementation of its new daily.

 

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Podpis: APA - Austria Presse Agentur

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