January effect possible on the Warsaw Stock Exchange

02-01-2007, 22:01

Warsaw (Puls Biznesu) – Warsaw indices rebounded on Tuesday and made up for the losses generated in the last five days of the previous year.

Warsaw (Puls Biznesu) – Warsaw indices rebounded on Tuesday and made up for the losses generated in the last five days of the previous year.

 

The WIG20 index gained 1.98 percent to 3,347.75 points while shares worth PLN 690m changed hands. The whole market attracted over PLN 1 billion of trade, which is a good result because part of the investors may still be on holiday and the U.S. market was closed today.

 

KGHM was doing very poorly. The stock dropped 2.1 percent to PLN 87.1, the lowest level since June, while shares worth PLN 96m changed hands. TP telecom faces higher and higher fines from the telecommunication authorities UKE. The fine may amount to 3 percent of TP sales (PLN 12.187 billion in 2005). Today, however, the company rose 0.77 percent.

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Inne / January effect possible on the Warsaw Stock Exchange