Macro data support the Warsaw Stock Exchange

opublikowano: 19-02-2007, 19:57

Warsaw (Puls Biznesu) – Stock investors ended the day in bullish moods because Monday saw indices growing after two week sessions last week.

Warsaw (Puls Biznesu) – Stock investors ended the day in bullish moods because Monday saw indices growing after two week sessions last week.  

The WIG20 index started rising in the morning as if investors had expected that the January industrial production data would be better then expected. It was, the production rose 15.6 percent against the average forecast of 11.7 percent. PPI in January rose 2.9 percent while analysts expected 2.8 percent. The Monetary Policy Council may not raise interest rates this year. In addition, Katarzyna Zajdel-Kurowska, the deputy Minister of Finance, said that the GDP growth in the first quarter may be better than 6.4-6.5 percent estimated by the ministry in the fourth quarter of last year.  

The volume of trade was low and amounted to PLN 650m because the Wall Street was closed due to national holiday in the USA. The smallest bank building the WIG20 index paced the advances today. BRE Bank jumped 7.1 percent to PLN 414.5. GTC homebuilder added 6 percent to its all-time record of PLN 53. CEZ, the Czech energy giant, ended 0.8 percent lower at PLN 126.

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