Bulls fought by macro data

MAG
opublikowano: 2008-08-14 21:00

Warsaw (Puls Biznesu) – The WSE opened well but US macro data, including CPI and newly registered unemployed, dragged indices down. The volume of trade amounted to only PLN 1,018m on the shorter week ending today. 82 percent of trade was generated by 20 blue chips.

The WIG20 index was supported by KGHM copper producer which rose 2 percent on good quarterly results. Getin Holding bank presented report above expectations and ended 3.9 percent up. CEZ power company added 0.2 percent. The Czech company also published its second quarter results. Asseco Poland IT company rose 0.7 percent on the news its shareholders approved on the merger with ABG.

TP telecom, Pekao bank, BPG and PGNiG gas monopoly dragged the market down.

mWIG40 and sWIG80 did not react to macro data as much as the WIG20 index. They ended slightly better. Budimex construction company jumped 7.6 percent on very good second quarter results. Sygnity IT company continued its gains today. The stock ended 5.7 percent up.