Investors are interested in smaller companies

APA - Austria Presse Agentur
07-12-2005, 21:57

Warsaw (Puls Biznesu) – On Wednesday, the smaller companies were in the centre of investors’ attention. Blue chips worth only PLN 280m (EUR 72.9m) changed hands, the worst result in four months. The WIG20 index added mere 0.9 percent. It was mainly because the budget for the year 2006 was first read in the Parliament.

Warsaw (Puls Biznesu) – On Wednesday, the smaller companies were in the centre of investors’ attention. Blue chips worth only PLN 280m (EUR 72.9m) changed hands, the worst result in four months. The WIG20 index added mere 0.9 percent. It was mainly because the budget for the year 2006 was first read in the Parliament.

TP telecom shares worth PLN 60m changed hands. They gained 1.7 percent, the fourth best result among blue chips. GTC was the best performer. Shares jumped 7 percent. The developer said it would sell its 2.3 percent stake in Orbis Ravel company.

Among smaller companies Emax IT company was the best performer. It ended 18.4 percent up. The company expects PLN 19m of consolidated net income against PLN 9.55m a year earlier. Capital Partners on the other hand dived over 20 percent after it had jumped 183 percent in the first two days of the week. Kompap, which yesterday added 43 percent, today lost 17.9 percent.

(PLN 1 = EUR 0.260)

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Podpis: APA - Austria Presse Agentur

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