Indices rise in the WSE on Wednesday

APA - Austria Presse Agentur
21-12-2005, 22:04

Warsaw (Puls Biznesu) – Shares of blue chips worth PLN 1.1 billion (EUR 286.8m) changed hands today, while all shares worth only PLN 280m more changed hands. It was due to two giant transactions: 6.97m shares of TP telecom worth PLN 334.6m and 168,000 shares of Pekao worth PLN 60m changed hands. The WIG20 index ended at 2,648, or 0.21 percent up.

Warsaw (Puls Biznesu) – Shares of blue chips worth PLN 1.1 billion (EUR 286.8m) changed hands today, while all shares worth only PLN 280m more changed hands. It was due to two giant transactions: 6.97m shares of TP telecom worth PLN 334.6m and 168,000 shares of Pekao worth PLN 60m changed hands. The WIG20 index ended at 2,648, or 0.21 percent up.

Banks continued Tuesday rises, paced by PKO BP which today presented its strategy providing for keeping the leading position in Poland, increasing payments and cutting employment by 4,500. Shares added 2.8 percent. Only BPH did better and gained 2.2 percent. Fuel companies were weak today. PKN Orlen and Lotos – the two largest fuel companies, lost today, due to falling oil prices. KGHM copper producer fell, too. The reason was the clash between trade union and the management.

Among smaller companies, Hoop jumped 16 percent after it had said it was leading talks with several potential investors. According to “Rzeczpospolita” daily, Hoop is considering merger with Maspex, the producer of juices and pastas. Elektromontaz-Export ended 9 percent up after the court approved of settlement proceedings over debts of PLN 38m.

(PLN 1 = EUR 0.261)

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Podpis: APA - Austria Presse Agentur

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Inne / Indices rise in the WSE on Wednesday