Further decreases may follow in the stock market

APA - Austria Presse Agentur
opublikowano: 2005-08-19 07:57

Warsaw (Puls Biznesu) – Today, the WIG20 index fell 1.36 percent while WIG lost 1.06 percent. It is more and more probable that further decreases may follow especially that parliamentary elections are approaching and second quarter results were published by majority of companies. Also the macro data are sign to sell.

Warsaw (Puls Biznesu) – Today, the WIG20 index fell 1.36 percent while WIG lost 1.06 percent. It is more and more probable that further decreases may follow especially that parliamentary elections are approaching and second quarter results were published by majority of companies. Also the macro data are sign to sell. Just before the market closed, the central statistical office GUS said that PPI in July amounted to 2.6 percent while economists expected 4.5 percent.

PKN Orlen fuel giant shed 2.8 percent today. Czech media speculate that the company may withdraw from agreements with Agrofert and ConocoPhilips to sell part of Unipetrol assets, which means fines. KGHM copper producer fell 2.1 percent after Wednesday losses. Bank Millenium on the other hand jumped 5 percent.