Warsaw (Puls Biznesu) – Futures were again in the focus of investors’ attention on Monday and personal changes of key politicians did not influence the market.
Although the WIG20 opened 2 percent down after Friday political turmoil, it rebounded just 90 minutes later and ended 1.38 percent up at 3,046.17 points. The advances were paced by KGHM copper producer, Bank BPH, Prokom IT company, Netia telecom and Bioton insuline producer. KGHM rose despite falling copper prices. The most popular futures added 2.31 percent, 3,100 points. The WIG20 has risen 7.1 percent since Wednesday without any fundamental reasons. MIDWIG, the index of mid-caps, lost 0.2 percent while WIRR lost 0.1 percent.
Energomontaz-Polnoc construction company jumped 9.4 percent after Polimex-Mostostal bought 6.06 percent of its stock. Later this month or in August, Energomontaz will issue 8m shares to raise PLN 100m. Elektromontaz-Export gained 6.3 percent after it said it sold two intangible assets in Lodz worth PLN 6.94m.