Bioton and KGHM are in the focus

APA - Austria Presse Agentur
opublikowano: 03-01-2006, 07:08

Warsaw (Puls Biznesu) – On the first day of trading in the year 2006, the indices rebounded after Friday falls. Shares of WIG20 companies worth PLN 566m (EUR 146.6m) changed hands. However, this including shares of KGHM copper producer worth PLN 176m, a giant transaction settled up beforehand. The WIG20 index ended at 2,694.92, or 1.51 percent up.

Warsaw (Puls Biznesu) – On the first day of trading in the year 2006, the indices rebounded after Friday falls. Shares of WIG20 companies worth PLN 566m (EUR 146.6m) changed hands. However, this including shares of KGHM copper producer worth PLN 176m, a giant transaction settled up beforehand. The WIG20 index ended at 2,694.92, or 1.51 percent up. It reached the level achieved on Thursday. What happens next, remains unclear.

Bioton insulin producer jumped 13.1 percent. The company had already gained 4 percent on Friday. Shares worth PLN 73m changed hands. On Friday, Adam Wilczega, Bioton’s CEO said that the company would announce a net income for 2005 many times higher than in 2004 and it plans acquisitions this year. KGHM added 2.2 percent. Fuel companies had also a good day thanks to increasing oil prices. PM Kazimierz Marcinkiewicz said that PKN Orlen might have access to Iraqi oil as early as this year. Igor Chalupiec, PKN Orlen’s CEO had said last week that his company could invest USD 3 billion in refineries and oil fields.

(PLN 1 = EUR 0.259)

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Podpis: APA - Austria Presse Agentur

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