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PKO BP bank withheld the market from higher rises

APA - Austria Presse Agentur
opublikowano: 27-09-2005, 17:17

Poland: Warsaw (Puls Biznesu) – Today, the WIG20 index again set a new all-time maximum during the day. It ended lower, at 2,514.07 points, or 1.15 percent higher, mainly because of weaker trading of PKO BP shares. The latter started very good in the morning and paced advances for the majority of the day.

Poland: Warsaw (Puls Biznesu) – Today, the WIG20 index again set a new all-time maximum during the day. It ended lower, at 2,514.07 points, or 1.15 percent higher, mainly because of weaker trading of PKO BP shares. The latter started very good in the morning and paced advances for the majority of the day. In the afternoon, however, shares started falling, because CDM Pekao lowered its recommendation from ‘keep’ to ‘sell’. KGHM copper producer added much after a new record of copper prices had been set in London. PKN Orlen and Lotos fuel companies gained thanks to higher prices of oil.

Among smaller companies, SkyEurope had a good IPO. SkyEurope is the first airline to be listed in the Warsaw stock market GPW. The carrier started with

8.5 percent increase, but later the price of shares fell a little bit.

Barlinek floor board producer ended 5.1 percent higher, another session ended with an increase. ABG Ster-Projekt gained 2.7 percent after one of its subsidiaries signed an agreement with TP telecom to deliver IT services and products worth PLN 20m (EUR 5.1m).

(PLN 1 = EUR 0.256)

Poland/Stock market report

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Podpis: APA - Austria Presse Agentur

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