Warsaw (Puls Biznesu) – The 20 stock blue chip index fell on Wednesday while MIDWIG and WIRR hit new records for the sixth and eleventh consecutive time.
WIG fell 0.25 percent. WIG20 lost 0.65 percent although it was just 5 points below its February record of 2,955.74 in the morning. The index ended at 2,899.24. Bank BPH and PKO BP dragged the market down. Out of five banks in the blue chips index, BZ WBK was the only one to resist the downward trend. The company rose for the second consecutive day after its shareholders decided that a dividend of PLN 6 a share would be paid out. BPH dived 3.3 percent to PLN 775. The shareholders did not welcome the compromise between the Ministry of the Treasure and UniCredito Italiano. The agreement provides for Bank BPH to sell 260 of its outlets to Pekao. BPH is supposed to remain a separate banks with 200 outlets. Pekao ended 1.8 percent down although it was rising even 3.3 percent during the day.
Mid and small caps were gaining today. MIDWIG ended 0.83 percent up at its new record of 2,859.24. WIRR continued rises started on March 10. Since this time, the index has grown 18.3 percent while WIG20 only 5.1 percent. Among small caps, Hygienika jumped 18.6 percent. The personal care articles producer is in the focus of investors since the end of March when the company said it would raise the capital by PLN 3.54m. Since March 15 the company has jumped 102 percent to PLN 10.2, the highest level since October 6 2004.