Important macro data fail to influence the WSE

opublikowano: 2007-09-25 20:55

Warsaw (Puls Biznesu) – Despite better than expected retail price data, the WIG20 dropped on Tuesday.

The 20 share blue chips index was close to 3,663 point level reached last week three times but failed to exceed it. Low volume of trade accompanied the downward trend, which is good news. Small and mid caps did a little bit worse than blue chips. While WIG20 lost 0.77 percent, mWIG40 shed 1.3 percent while sWIG80 0.9 percent.

Banks dragged the market down for the second consecutive day. KHGM copper conglomerate ended 1.7 percent down at PLN 123.8. Polimex-Mostostal construction company rebounded after Monday losses – the stock rose 3.6 percent to PLN 10.77. Polnord grew for the ninth consecutive day albeit the growth rate slowed down. CEZ energy group rose to its all-time record on the WSE as of PLN 159. The stock jumped 4.7 percent after the company denied “PB” news that it had submitted enquiry via its subsidiary in the tender to buy Silesia coal mine from Kompania Weglowa.

Cersanit bathroom fittings producer gained 1.9 percent to PLN 41.7 thanks to a transaction, in which 265,000 shares worth PLN 22m changed hands. The company will acquire production assets of rival Opoczno. BZ WBK bank continued the downward trend. Today, the stock lost 2.7 percent for the worst performer among blue chips.