Warsaw (Puls Biznesu) – The WIG20 managed to grow slightly on Tuesday before one day holiday. The end of this week may mean further losses.
The 20 share blue chips index was making up its Monday losses all day long but it broke in the last hour of trading. It managed to end 0.28 percent up, however. The WIG20 index rose to 3,106.86 points. The volume of trade amounted to PLN 890m, up from PLN 664m yesterday. PKO BP was the most traded company. In the morning, 500,000 shares at PLN 38.4 changed hands which generated PLN 38.4m of trade. In the afternoon, 600,000 shares changed hands worth PLN 45m. The stock ended 0.7 percent up at PLN 38.25. PKO BP presented quarterly results which were better than expected.
PKO BP shares did not react the way TP telecom’s did after the company presented good results. Since October 25th, TP has gained 12 percent already. Today, they grew 0.9 percent to PLN 22.3. However, in case of PKO BP investors may be discouraged by the fact that starting next Monday 48,500 of the bank’s employees will be able to sell their shares they received two years ago when the company was privatized.
NFI Kwiatkowski fund dived 30 percent while shares worth PLN 115m changed hands. At the end of September, when Roman Karkosik gained control over this fund, investors kept buying the stock which jumped several dozens percent. Bauma added 14.8 percent and cost PLN 155. Since the beginning of this year, the producer of construction materials has gained 300 percent.