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Indices slightly fall, trade drops 30 percent

APA - Austria Presse Agentur
opublikowano: 11-08-2005, 19:47

Warsaw (Puls Biznesu) – Thursday was the third consecutive day of losses in the Polish stock market GPW. The WIG20 index shed 0.22 percent to 2,243.57. However, the volume of trade decreased substantially. Shares of blue chips worth PLN 380m (EUR 94.2m) changed hands, 30 percent less than yesterday.

Warsaw (Puls Biznesu) – Thursday was the third consecutive day of losses in the Polish stock market GPW. The WIG20 index shed 0.22 percent to 2,243.57. However, the volume of trade decreased substantially. Shares of blue chips worth PLN 380m (EUR 94.2m) changed hands, 30 percent less than yesterday.

Pekao bank was again the most traded company – shares worth PLN 80m changed hands, the bank added 0.6 percent. Grupa Lotos, Poland’s second largest fuel company, attracted most trade – shares worth PLN 112m changed hands. The fuel firm rose for the fourth consecutive day, today by 2.6 percent. DI BRE Bank recommended to ‘accumulate’ Grupa Lotos shares and evaluated their target price at PLN 35.5. Today they ended at PLN 34.8. Netia telecom company rose 1.3 percent after it published second quarter results, while TVN television group added 0.6 percent. KGHM copper producer rebounded after two days of falls.

Kogeneracja jumped 20.5 percent after it said its consolidated net income after two quarters amounted to PLN 46.2m against PLN 11.3m last year.

(PLN 1 = EUR 0.248)

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Podpis: APA - Austria Presse Agentur

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