Warsaw (Puls Biznesu) – The Warsaw Stock Exchange did not manage to resist the downward trend prevailing on all emerging markets after Turkish ISE National-100 was losing up to 9 percent during the day.
The WIG20 index dived 5.57 percent, or 168.84 points, the largest fall in the history excluding October 28 1997 when the index lost 211 points. Today, its capitalization dropped by PLN 18.03 billion. KGHM copper producer dropped 9.5 percent to PLN 97.7 while shares worth PLN 463m changed hands. The volume of trade was high but not the highest in the history of the company. On January 31 shares worth PLN 721m changed hands, or 35 percent more. Other giants noted also strong decreases, including TP telecom (8 percent) and PKN Orlen fuel giant (6.3 percent). The volume of trade reached PLN 2.146 billion, the third highest result ever (records belong to the days of IPOs of PKO BP and PGNiG). The WIG20 index has fallen 14.5 percent since its height of 3,347.83 as of May 11.
None of blue chips resisted the downward trend but GTC homebuilder lost 0.6 percent only. Only 15 companies grew today, 8 ended unchanged while the rest was losing. 28 companies dropped by over 10 percent, 15 companies by over 9 percent.