Poland/Stock market report
Warsaw (Puls Biznesu) – On Thursday, the WIG20 index jumped 2.51 percent to 1907.51, a level reached last time in September 2000. WIG ended at the level of 26,107.21 points, beating its historical record set on November 2nd. Shares worth over PLN 1 billion (EUR 239 million) changed hands. One may expect further growths in the coming days. Polish investors may play big role in the future as pension funds received from ZUS social insurance company PLN 497.6 million.
On Thursday, all blue chips rose. PKN Orlen fuel giant set its new all time record approaching the PLN 40 level, which BDM PKO BP economists view as proving the company’s fundamental value. Shares worth PLN 100 million changed hands. PKO BP bank exceeded the level of PLN 25, contrary to what specialists had forecast earlier. Pekao bank rose over 3 percent despite the ‘sell’ recommendation issued by CAIB.
(PLN 1 = EUR 0.239)