Celebrating with Okocim

Alan Heath
10-05-2001, 00:00

Celebrating with Okocim

The stock market took an immediate beating almost as soon as it opened yesterday and stayed down throughout the day although turnover at PLN195m was low.

The fall was worst amongst tech stock with computer manufacturer Optimus leading the way down following news that its losses were six times worse than expected last year. Optimus stock crashed by eight percent on the day.

Telephone operator Netia also had a bad day noting losses of six percent taking its stock down to PLN31.40.

The only bit of good news on an otherwise disappointing day was beer maker Okocim whose stock increased by nearly ten percent following an announcement by its strategic investor, the Danish Carlsberg, that it would increase its holding from 48.9 percent to over fifty percent.

The WIG finished the day down 1.3 percent at 14,639 and the WIG20 was down by 2.3 percent at 1,361.8 points.

© ℗
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