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PKO BP and Pekao led advances on GPW

APA - Austria Presse Agentur
opublikowano: 08-08-2005, 19:29

Warsaw (Puls Biznesu) - Western European exchanges as well as Budapest stock market were the reason of advances in Poland. WIG20 added 1.68 percent to 2,276.24 points. It set a new record, 0.29 percent higher than the one achieved on August 2nd.

Warsaw (Puls Biznesu) - Western European exchanges as well as Budapest stock market were the reason of advances in Poland. WIG20 added 1.68 percent to 2,276.24 points. It set a new record, 0.29 percent higher than the one achieved on August 2nd.

WIG, the general index rose 1.3 percent and ended at its new all-time record of 31,314.81 points. It is 0.4 percent higher than the previous one. Shares of blue chips worth PLN 453m (EUR 111.4m) changed hands. A week earlier, trade amounted to PLN 617m, or 35 percent more than today.

 PKN Orlen fuel giant attracted most attention - shares worth PLN 110m changed hands. Its rival Grupa Lotos rose to its all-time record. Over 1m shares changed hands worth PLN 71m. Both companies gained thanks to high oil prices of USD 63.5 a barrel. Banks were doing very well today. PKO BP and Pekao exceeded its historical heights and added 2.5 and 3.5 percent respectively. TPSA rebounded after Friday losses caused by lower recommendation from CAIB. KGHM copper producer rebounded, too, although after its weak second quarter results publication it is still PLN 0.5 cheaper. Agora media group rose after Merrill Lynch rose its target price to PLN 76, or PLN 1 higher.

(PLN 1 = EUR 0.246)

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Podpis: APA - Austria Presse Agentur