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PKN Orlen fuel giant is the reason of higher volume of trade

APA - Austria Presse Agentur
opublikowano: 24-08-2005, 18:38

Warsaw (Puls Biznesu) – Wednesday was another boring session in the Polish stock market GPW. The WIG20 index balanced in the range of 2,188-2,228 points, the minimal level being just 1.8 percent lower than the maximum one. Shares of blue chips worth PLN 470m (EUR 117m) changed hands, which seems high unless you know that the trade with PKN Orlen shares made up for this.

Warsaw (Puls Biznesu) – Wednesday was another boring session in the Polish stock market GPW. The WIG20 index balanced in the range of 2,188-2,228 points, the minimal level being just 1.8 percent lower than the maximum one. Shares of blue chips worth PLN 470m (EUR 117m) changed hands, which seems high unless you know that the trade with PKN Orlen shares made up for this. In the last seconds of the trade today, giant transactions were concluded. 1.1m of shares of PKN Orlen changed hands, which generated PLN 120m of trade.

Netia telecom shed 3.7 percent, the most among blue chips. Netia Mobile said that it would invest EUR 650m in UMTS network. Techmeks jumped 11.7 percent and was the best performer of all companies listed. The company signed PLN 20m contract with the Agency of Agriculture Restructuring and Modernisation ARiMR. Grupa Lotos, Poland’s second largest fuel company added after its subsidiary signed a preliminary agreement to buy ESSO gas stations in Poland from ExxonMobil Poland. The price amounts to PLN 278.5m.

(PLN 1 = EUR 0.249)

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Podpis: APA - Austria Presse Agentur

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