Friday rebound makes up for weekly losses

APA - Austria Presse Agentur
opublikowano: 29-10-2005, 15:46

Warsaw (Puls Biznesu) – The last day of the week ended with 0.6 percent rise of WIG20 index. Despite the increase, the blue chips index lost 0.3 percent this week. The rebound was possible thanks to good macro data in U.S. – GDP growth amounted to 3.8 percent in the third quarter, up from 3.3 percent in the second quarter and above analysts forecasts of 3.6 percent.

Warsaw (Puls Biznesu) – The last day of the week ended with 0.6 percent rise of WIG20 index. Despite the increase, the blue chips index lost 0.3 percent this week. The rebound was possible thanks to good macro data in U.S. – GDP growth amounted to 3.8 percent in the third quarter, up from 3.3 percent in the second quarter and above analysts forecasts of 3.6 percent. Western European markets grew after that news, and so did the Warsaw Stock Exchange.

TP telecom was pacing advances. It ended 2.6 percent up. KGHM copper producer added 2.7 percent. Mitsui & Co. Ltd. analysts published a report on the global demand for copper – it is to raise 3.8 percent next year. PKO BP bank’s shares worth PLN 142m (EUR 35.5m) changed hands, shares dropped 1.8 percent. PKN Orlen fuel giant remained unchanged.

Companies owned by Roman Karkosik again were rising. Skotan jumped 22.25 percent (best performer), Alchemia and Boryszew gained, too. PC Guard and Bioton rebounded. The latter by 13 percent after four consecutive days of falls.(PLN 1 = EUR 0.250)

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Podpis: APA - Austria Presse Agentur

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