Warsaw (Puls Biznesu) – The indices fell on Tuesday and analysts expect decreases in the upcoming days.
The WIG20 index fell 1.75 percent to 3,128.55 points on Tuesday. Shares worth PLN 1.25 billion changed hands. The recent growth of the WIG20 index was mainly thanks to banks and KGHM. Today, all banks building the 20 share blue chip index fell. PKO BP dropped over 4 percent. Pekao lost over 5 percent. Prokom IT company was the worst performer after it said it would cut forecasts of the net income by PLN 20m to PLN 80m.
Oil prices should grow in the future, which will help fuel companies in Poland, including PKN Orlen, Lotos or MOL.