Warsaw (Puls Biznesu) – Worse than expected data from USA pushed indices on the Polish bourse GPW down in the last minutes of trade. The WIG20 index ended Wednesday at the day’s lowest level of 1,985.67 points. The only good news is higher volume of trade: shares worth PLN 400 m (EUR 98 m) changed hands, 110 percent more than the worst session (yesterday). However, this year’s record was two and a half times better.
TPSA was the most traded company, shares worth PLN 150 m changed hands, and they rose even 3 percent, but ended the day 0.9 percent higher. Agora media group jumped 2.5 percent after it said it would enlarge this month the region where its free paper ‘Metro’ is hand out by nine more towns.
KGHM copper producer was one of the worst performers. The company was disturbed with fast fall of copper prices. There are also two contradictory recommendations published: BDM PKO BP recommends its shares to buy and evaluates a share at PLN 36.5 while BM BPH recommends to ‘reduce’ KGHM and evaluates a share at PLN 26.9 only. Stock players seemed to follow the second advice, KGHM shed 4 percent. Prokom IT integrator was weak after ‘Puls Biznesu’ reported that PZU insurer would not buy from Prokom-CSC consortium their Exceed system.
(PLN 1 = EUR 0.245)