Investors’ eyes on debate in the Parliament, trade remains low

APA - Austria Presse Agentur
19-07-2006, 18:57

Warsaw (Puls Biznesu) – The expose of the new Prime Minister and the debate in the Parliament later on influenced Wednesday trading. The volume of trade fell for the fifth straight day.

Warsaw (Puls Biznesu) – The expose of the new Prime Minister and the debate in the Parliament later on influenced Wednesday trading. The volume of trade fell for the fifth straight day.

Shares of blue chips worth PLN 485m changed hands, the lowest level since June 26. The WIG20 ended 0.58 percent up at 2,934.78 points. Ben Bernake, Fed’s head, suggested there would be no more interest rates increases in the USA. Poland’s central statistical office GUS said that industrial production rose in June 12.4 percent year-on-year while economists had expected 10.4 percent.

The stock of the market giants, including KGHM copper producer, PKN Orlen fuel giant and TP telecom remained unchanged. Agora media group rebounded after recent falls after 2.34m of employees’ shares were included into trading. Agora ended 6.8 percent up at PLN 37.5. Only four blue chips ended down including Orbis travel company, BRE Bank, Bank BPH and Netia telecom.

Energopol Poludnie has jumped 48 percent within two days after “Puls Biznesu” published an analysis about the company. Hydrobudowa Slask is close to its all time record of PLN 87. The company has a financial investor: DWS TFI investment fund has a 7.32 percent stake in the company.

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Podpis: APA - Austria Presse Agentur

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