Poland: Investors rest after seven days of growths

APA - Austria Presse Agentur
opublikowano: 02-02-2005, 17:48

Warsaw (Puls Biznesu) – After seven days of growths the WIG20 index shed to 1,903.36, or 0.67 percent on Wednesday. Banks were doing poorly, PKO BP, Pekao and BZ WBK lost more than the index.

Warsaw (Puls Biznesu) – After seven days of growths the WIG20 index shed to 1,903.36, or 0.67 percent on Wednesday. Banks were doing poorly, PKO BP, Pekao and BZ WBK lost more than the index.

TPSA telecom fell, too, while shares worth PLN 100 m (EUR 24.6 m) changed hands. PKN Orlen fuel giant was the best performer among the largest companies. Agora media group rose for the seventh consecutive day, and the shares returned to the level as of September 2003. Prokom IT company rebounded from Tuesday decrease but there will be more falls. After its CEO sold his shares to below 25 percent, he is very probable to sell more.

Among smaller companies, Naftobudowa jumped 34 percent, and MPEC Wroclaw added 10 percent. Prochnik clothes company shed 7.7 percent after the news that the firm wants to issue shares to pay back debts, invest in shops and production. Getin lost after the company said it would decide on March 2nd to issue over 222.3 m shares, out of which 105 m will be sold to stock investors.

(PLN 1 = EUR 0.246)

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Podpis: APA - Austria Presse Agentur

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