Commodity companies drag WIG20 index down

opublikowano: 2007-01-17 17:50

Warsaw (Puls Biznesu) – The Wall Street did not help Western European stock markets which were followed by the WIG20 index. MIDWIG on the other hand, grew for the ninth consecutive day.

Warsaw (Puls Biznesu) – The Wall Street did not help Western European stock markets which were followed by the WIG20 index. MIDWIG on the other hand, grew for the ninth consecutive day.

Commodity companies suffered along with falling oil and copper prices. MOL, PKN Orlen and Lotos lost 3-3.8 percent each. KGHM dropped 2.6 percent to PLN 83.5 after copper prices fell to USD 5,625 a ton. Besides, DM BZ WBK analysts lowered their target price for the company from PLN 101 to PLN 73. WIG20 was the only index not to grow. It fell 0.27 percent. MIDWIG on the other hand addend 1.11 percent for the ninth consecutive day. It has gained 10.8 percent since January 5th. Stalexport jumped 23.2 percent for the best performer among MIDWIG companies. On the other hand, Boryszef was the worst performer but it fell only 3.8 percent.

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