Indices may note bigger changes next week

APA - Austria Presse Agentur
opublikowano: 24-11-2005, 21:13

Warsaw (Puls Biznesu) – Holidays in the U.S. market caused smaller volume of trade in European stock exchanges, including the Warsaw Stock Exchange. Blue chips worth PLN 437m (EUR 111.4m) changed hands, the WIG20 index gained 0.04 percent. Bigger changes should be expected next week. However, WSE may have difficulties with capital.

Warsaw (Puls Biznesu) – Holidays in the U.S. market caused smaller volume of trade in European stock exchanges, including the Warsaw Stock Exchange. Blue chips worth PLN 437m (EUR 111.4m) changed hands, the WIG20 index gained 0.04 percent. Bigger changes should be expected next week. However, WSE may have difficulties with capital. According to CSFB report, the European Central Bank will raise in December interest rates by 25 points to 2.25 percent. This may depreciate zloty and Polish bonds if foreign investors withdraw from our region. WSE would fall, then.

On Thursday, investors looked closely at the talks held between the Minister of Treasure Andrzej Mikosz and the heads of PKN Orlen and Grupa Lotos, the country’s biggest refineries. Talks ended well, and both companies gained – PKN Orlen 0.34 percent and Grupa Lotos 1.13 percent. TP telecom added 0.84 percent although Millennium DM recommended the shares to ‘reduce’ (down from ‘neutral’). KGHM continued falls, today it shed 1.2 percent.

Prochnik clothes producer dived 10 percent in the morning. No wonder, after several days of crazy increases. However, later in the day the company rebounded and finally ended 4.26 percent down, not much if you take into account that they had gained 80 percent in the previous days.

 

(PLN 1 = EUR 0.255)

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Podpis: APA - Austria Presse Agentur

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