Warsaw (Puls Biznesu) – On Monday, the WIG20 index rose 0.85 percentto 2,338.46 points. Shares of blue chips worth PLN 600m (EUR 153.6m) changed hands, 40 percent less than on Friday when the index shed.
PKN Orlen fuel giant was pacing the advances today. In the morning, the company jumped 3 percent after it said its merging with Unipetrol provides for a 45 percent rise of EBITDA in the Czech company. Its strategy provides also for selling Unipetrol’s assets which are not core business. Then, investors started selling the shares and PKN Orlen ended just 1.17 percent up while shares worth PLN 260m changed hands.
Among smaller companies, PC Guard rebounded 35 percent after it dived 95 percent on Friday. Internet Group continued rises and ended 27.8 percent up. On Thursday, it will publish its financial forecast. Microsoft, Alchemia and Kable rose over 10 percent each. Elektrim lost only 1.1 percent after Elektrim Telekomunikacja informed KPWiG (the securities and exchange commission) that Elektrim had violated information duties.
(PLN 1 = EUR 0.256)