Warsaw (Puls Biznesu) – Although WIG20 started the day with 0.7 percent rise, it ended 1.3 percent lower than yesterday at 2,482 points. The reasons were decreases in Hungary and weak trading day of Pekao bank.
Hungarian government decided to revise up the forecast of next year’s deficit to 4.7 percent of GDP from 2.9 percent. BUX dived from plus 1 percent to minus 1.8 percent. Warsaw indices followed.
Pekao bank was losing even 4.1 percent during the day and ended 2.5 percent down. TP, Lotos and PKO BP joined it. PKN Orlen and KGHM fell only a little bit. Orbis travel company was the best performer among blue chips – it gained 2.5 percent.
Among smaller and medium-sized companies, Impel jumped 3.1 percent. The company offering, among others, cleaning and bodyguard services, raised its forecast of consolidated net income in 2005 to PLN 19.5m (EUR 4.9m) from PLN 17m. The management explained that operating profitability was improving while cost restructuring conducted in 2004 was giving positive effects. SkyEurope, yesterday’s newcomer, lost 1.7 percent.
(PLN 1 = EUR 0.256)