Investors are afraid to buy on the WSE

opublikowano: 2008-09-16 20:50

Those who believed that the WIG20 index would not fall below 2,300 points, were wrong. Shares worth PLN 1.4bn changed hands.

The WIG20 index opened 40 points down, then fell below its Monday low of 2,338 points, punched the level of 2,300 points and ended at 2,279 points, or 3.57 percent down.

KGHM dragged the market down. The copper producer’s shares worth PLN 200m changed hands while the stock dived 9.52 percent although during the session it was trading just 3 percent down. PKO BP bank fell 3.58 percent while Pekao shed 2.66 percent. Oil giants did not resist the downward trend despite the fact that oil was trading at USD 90 per barrel.

Petrolinvest oil company rose 15.12 percent yesterday after it had gained 5.9 percent the day earlier. NWR, a Czech company, was among the worst performers with 12.27 percent dive. On the Prague stock exchange, NWR stock dived 20 percent and was suspended from trade.