Warsaw (Puls Biznesu) – The Warsaw Stock Exchange saw new records of its all main indices, including WIG, MIDWIG and – last but not least – WIG20, which rose 1.4 percent to 2,601.96 points. Shares worth PLN 1 billion (EUR 260m) changed hands, including PLN 880m for blue chips. It was the result of the window dressing started by pension funds. Besides, the macro data published in the afternoon were positive. The CPI in November rose 1 percent year-on-year while analysts had expected 1.3 percent increase. The current account in October amounted to EUR 253m while analysts had expected EUR 280m. Netia telecom was the most traded blue chips, shares worth PLN 185m changed hands and gained 1.7 percent. TVN media group and Prokom IT company rose 3.7 percent and 3.1 percent respectively. Big stakes of PKN Orlen fuel giant, TP telecom and PKO BP bank changed hands. KGHM copper producer reached its new all-time record thanks to record copper prices. Agora media group added 2.6 percent although its new daily is not selling as good as planned.Among smaller companies, LZPS Protektor and FON jumped over 50 percent each. LZPS will deliver 603,000 shoes for the army. FON increased after it had said it would issue 10-20m shares.(PLN 1 = EUR 0.260)
Big investors start window dressing
Warsaw (Puls Biznesu) – The Warsaw Stock Exchange saw new records of its all main indices, including WIG, MIDWIG and – last but not least – WIG20, which rose 1.4 percent to 2,601.96 points. Shares worth PLN 1 billion (EUR 260m) changed hands, including PLN 880m for blue chips. It was the result of the window dressing started by pension funds.