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Minute changes in the Polish stock market

APA - Austria Presse Agentur
opublikowano: 23-08-2005, 19:09

Warsaw (Puls Biznesu) - Indices started falling from the very morning today. The Polish stock market was doomed for falls as its Western European peers and the stock exchange in Hungary were losing. Retail sales data in July did not change anything. The sales amounted to 5,0 percent, lower than 7,4 percent expected by analysts.

Warsaw (Puls Biznesu) - Indices started falling from the very morning today. The Polish stock market was doomed for falls as its Western European peers and the stock exchange in Hungary were losing. Retail sales data in July did not change anything. The sales amounted to 5,0 percent, lower than 7,4 percent expected by analysts. The WIG20 index fell to 2,192 and rebounded a little bit to end the day 0.06 percent higher. Shares worth PLN 270m (EUR 67.2m) changed hands. PKN Orlen fuel giant, which fell 0.8 percent, attracted most investors. Shares worth PLN 80m changed hands. PKO BP bank, which remained unchanged, noted PLN 50m of the volume of trade.

Among smaller companies, Atlanta jumped 10 percent after it said it had signed a letter of intent to merge with Uno Fresco Tradex, one of Poland's largest delicacies distributor. Hygienika cosmetics producer signed a contract worth PLN 8m. Opoczno tile producer rebounded after two brokerages published contrary recommendations. BDM PKO BP recommended "sell" and estimated shares at PLN 34 while Erste recommended "buy" and estimated shares at PLN 49.4.

 (PLN 1 = EUR 0.249)Poland/Stock market report

 

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Podpis: APA - Austria Presse Agentur

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