Poland: U.S. data help Polish indices

APA - Austria Presse Agentur
opublikowano: 11-05-2005, 17:47

Warsaw (Puls Biznesu) – Wednesday was the first trading day in the last 11 sessions when stock indices ended the day higher than they opened. U.S. trade deficit amounted to USD 55 billion (EUR 42.7 billion) instead the expected USD 62 billion, which set investors in better mood.

Warsaw (Puls Biznesu) – Wednesday was the first trading day in the last 11 sessions when stock indices ended the day higher than they opened. U.S. trade deficit amounted to USD 55 billion (EUR 42.7 billion) instead the expected USD 62 billion, which set investors in better mood.

The WIG20 index ended the day 0.02 percent down, however, at 1,836.7. Shares of blue chips worth PLN 360 m (EUR 86.0 m) changed hands. The general index of the Polish GPW bourse, WIG, rose 0.44 percent. The upcoming days will show whether bulls or bears will rule in the market.

The afternoon rebound was paced mainly by Prokom and Softbank IT companies. TPSA telecom and PKN Orlen fuel giant were doing quite well all day long. The smaller blue chips, including GTC, Cersanit and Stalexport could not rebound.

Among smaller companies, Elektromontaz Warszawa construction company continued rises because Prymus company is buying its shares. LZPS Protector continued falls, on the other hand: after it had dived nearly 35 percent on Tuesday, today shares shed over 20 percent.

(PLN 1 = EUR 0.239)

(USD 1 = EUR 0.776)

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Podpis: APA - Austria Presse Agentur

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