Investors sell shares at the end of the session

APA - Austria Presse Agentur
opublikowano: 18-02-2005, 16:58

Warsaw (Puls Biznesu) – On Friday, shares worth over PLN 1 billion (EUR 250 m) changed hands for the third consecutive day. WIG20 index ended the day slightly up at 2,045, or 0.03 percent above yesterday’s level. During the day the index jumped even to 2,085 and stayed there for two hours.

Warsaw (Puls Biznesu) – On Friday, shares worth over PLN 1 billion (EUR 250 m) changed hands for the third consecutive day. WIG20 index ended the day slightly up at 2,045, or 0.03 percent above yesterday’s level. During the day the index jumped even to 2,085 and stayed there for two hours. The last 90 minutes of today’s trading is a sign that more and more investors think about selling shares.

Blue chips were doing quite well, including PKN Orlen fuel giant and TPSA telecom, which were losing in the morning but then joined KGHM copper producer, Prokom and Softbank IT companies, which were rising. Banks had a good day, too, including BZ WBK, which improved its all-time record.

In the afternoon, however, moods were spoiled by worse than expected data from USA where base inflation jumped 0.8 percent and not 0.2 percent as estimated. One may expect further falls on the Polish bourse GPW on Monday, especially that Monday is a holiday in USA, which traditionally adversely affects stock exchanges in the world.

(PLN 1 = EUR 0.250)Poland/Stock market report

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Podpis: APA - Austria Presse Agentur

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