Poland: Blue chips do not take part in growths

Polska Agencja Prasowa SA
opublikowano: 31-01-2005, 18:16

Warsaw (Puls Biznesu) – On Monday, indices on the Warsaw bourse GPW grew for the sixth consecutive day. The WIG20 index rose to 1,887.41 points, or 0.81 percent. On the whole, it is 3.73 percent lower than on the New Year’s Eve. Shares worth PLN 360 m (EUR 88.6 m) changed hands, i.e. 40 percent less than on Friday.

Warsaw (Puls Biznesu) – On Monday, indices on the Warsaw bourse GPW grew for the sixth consecutive day. The WIG20 index rose to 1,887.41 points, or 0.81 percent. On the whole, it is 3.73 percent lower than on the New Year’s Eve. Shares worth PLN 360 m (EUR 88.6 m) changed hands, i.e. 40 percent less than on Friday. Growths were helped, among others, by the GDP growth data published by central statistical office GUS. In 2004, it amounted to 5.4 percent, against 3.8 percent a year earlier.

PKO BP bank shed 0.4 percent, TPSA telecom, KGHM copper producer did not grow, while PKN Orlen fuel giant added just a little bit. The WIG20 increased thanks to smaller companies, including Swiecie and BRE Bank. Swiecie rose over 5.5 percent after better than expected quarter results were published. BRE Bank rose because ING heightened its recommendation to ‘buy’.

Among smaller companies, PPWK was the best performer with a jump of 23 percent. Elektrim grew after Zygmunt Solorz, its shareholder said he was open to talks with Vivendi Universal to stop the clash over PTC telecom.

(PLN 1 = EUR 0.246)

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Podpis: Polska Agencja Prasowa SA

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