Warsaw (Puls Biznesu) – Investors were not much interested in trading today. Shares of the WIG20 companies worth only PLN 253 m (EUR 60.7 m) changed hands, the fourth lowest result this year.
The blue chips index ended the day at 1,969.73, or 0.04 percent up. There are doubts what tomorrow’s interest rate cut will be. Not long ago, it seemed certain that the Monetary Policy Council would lower interest rates by 50 base points. Because of big depreciation of the Polish currency, a smaller cut of 25 points may be decided.
On Tuesday, TPSA telecom was in the focus. It started the day with 2.5 percent fall but then it rebounded and ended the day unchanged. This year, TPSA trade unions will decide whether to go on strike. Softbank IT company, which signed annex to its agreement with PKO BP worth PLN 67.4 m, added 2.5 percent.
(PLN 1 = EUR 0.240)