Big investors buy in the Polish market

APA - Austria Presse Agentur
opublikowano: 22-04-2005, 18:16

Warsaw (Puls Biznesu) – WIG20 index ended the day at 1,931.42, or 0.68 percent higher. The volume of trade fell, however. Within last week, the blue chips index has shed over 1 percent. What will happen next depends on the US stock exchange, which influenced the Polish bourse.

Warsaw (Puls Biznesu) – WIG20 index ended the day at 1,931.42, or 0.68 percent higher. The volume of trade fell, however. Within last week, the blue chips index has shed over 1 percent. What will happen next depends on the US stock exchange, which influenced the Polish bourse.

Today, PKN Orlen fuel giant was the most traded company. Investors keep buying its shares after the European Commission had allowed PKN Orlen to acquire Unipetrol. 100 days after the transaction to buy 62.99 percent of the Czech company, PKN Orlen will give details of the merger. TPSA telecom, Pekao and PKO BP banks were also in the scope of investors’ interest. Grupa Kety rebounded after losses caused by resignation of its long-term CEO Jan Kryjak. Mondi and BRE Bank shareholders had a good day, too.

Elektromontaz Warszawa construction company was the best investment of this week. Shares have jumped 54 percent. Investors believe that the company will be sucessful after it sells its properties, which will equip it with funds to realise contracts it had signed.Poland/Stock market report

 

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Podpis: APA - Austria Presse Agentur

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