Bearish moods in the Polish stock market

APA - Austria Presse Agentur
opublikowano: 26-04-2005, 18:17

Warsaw (Puls Biznesu) – On Tuesday, Polish stock indices continued falls. WIG20 ended at 1,911.65, or 1 percent lower. Only 1.12 percent loss divides it from the pit reached last Wednesday (1,890.24 points). Shares of the WIG20 index worth PLN 367 m (EUR 87.3 m), or 55 percent more than on Monday, changed hands.

Warsaw (Puls Biznesu) – On Tuesday, Polish stock indices continued falls. WIG20 ended at 1,911.65, or 1 percent lower. Only 1.12 percent loss divides it from the pit reached last Wednesday (1,890.24 points). Shares of the WIG20 index worth PLN 367 m (EUR 87.3 m), or 55 percent more than on Monday, changed hands.

Softbank IT company was doing very poorly, the shares dived 9.9 percent to their lowest level since November 2004. Shareholders did not welcome the news that 6.3 m of new shares will be issued for Prokom. PKN Orlen fuel giant and TPSA telecom were the most traded companies, shares of both of them worth PLN 70 m changed hands. Both companies face trade unions protests. The only blue chip which ended the day up was KGHM copper producer. The company took advantage of high copper prices.

(PLN 1 = EUR 0.238)Poland/Stock market report

 

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Podpis: APA - Austria Presse Agentur

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