Poland: Warsaw (Puls Biznesu) – Today, PGNiG, Poland’s gas monopoly was listed for the first time. Shares of PGNiG worth PLN 1.669 billion (EUR 427.3m) changed hands, the second highest volume of trade for a single company in the history. Only PKO BP bank noted a higher volume – PLN 2.780 billion.
At the opening, PGNiG jumped 34.23 percent, the highest percentage share increase for a new company. Zelmer rose 32.6 percent on its IPO. PGNiG ended the day at PLN 3.81, or 27.85 percent above the issue price. Shares of all companies worth PLN 2.445 billion changed hands, the second highest result in the history (on November 11th 2004, the IPO of PKO BP, the volume of trade exceeded PLN 3.2 billion).Thanks to PGNiG’s listing, the capitalisation of the stock exchange GPW rose 7.8 percent to PLN 291.1 billion from PLN 270.1 billion. PGNiG is Poland’s fifth largest company as far as the capitalisation is concerned. The ranking is as follows: TPSA telecom PLN 35.1 billion, PKO BP bank PLN 31.5 billion, Pekao bank PLN 30.1 billion, PKN Orlen fuel giant PLN 27.8 billion and PGNiG PLN 22.5 billion.(PLN 1 = EUR 0.256)\
Poland/Stock market report