Warsaw (Puls Biznesu) – In the morning WIG20 jumped to 2,253 points, exceeding its bulge reached on February 28th by 22 points. It rose to a level achieved last in 2000. Later in the day, however, the index fell and ended the day at 2,138.96 points, or 0.93 percent higher. Shares of blue chips worth PLN 590m (EUR 142.8m) changed hands.
Most of the trade was due to KGHM copper producer whose shares worth PLN 180m changed hands. Shares gained 4 percent after the company said it would sell Telefonia Dialog telecom. In addition, copper prices jumped. Further rises of copper are expected in upcoming days because of higher demand from China and shrinking stocks. PKN Orlen rose 0.6 percent although in the morning the company was losing after the Czech securities and exchange commission did not support its plan to buy shares of Unipetrol, Paramo and Spolana. Prokom and Computerland IT companies added 2 percent each.
Among smaller companies, Kruszwica butter fat producer was gaining after the company said it was leading negotiations to merge with rival Ewico, Olvit Oils and Olvit-Pro. Bioton insulin producer fell significantly. No wonder – yesterday the company reached its all-time record.
(PLN 1 = EUR 0.242)