Warsaw (Puls Biznesu) – Weak Friday session in the USA, which caused falls in the Far East, and low opening in the Euroland’s markets, dragged down the Polish stock exchange GPW. WIG20 index shed 2.23 percent to 1,909.01 points. The Polish zloty could have helped had it not fallen. Monday was the fifth consecutive day of bearish moods in the Polish market. Since last Monday, the WIG20 index has lost 85 points, or 4.3 percent.
TPSA telecom and KGHM copper producer were the market’s anchors. Both companies dived 3.2 percent. PKN Orlen fuel giant was doing a little better than the index – it lost 1.9 percent. Banks, especially the biggest ones, where not much down. Only Computerland IT company did not lose among blue chips.
Elektromontaz Warszawa, which is expected to sell an estate, gained. Swarzedz furniture producer, on the other hand, lost as one of its investors sold 122,700 shares of the comapny to pay back banking loan.Poland/Stock market report