Poland/Stock market report
Warsaw (Puls Biznesu) – Today, the WIG index rose to a new all-time record of 25,781.86 points, 18.3 points above its height of October 6th. The general index grew 1.42 percent while the WIG20 index of the largest companies added 1.58 percent to 1848.1 points.
Foreign investors were the main buyers on the Polish stock exchange GPW. On the EU exchanges falls prevailed on uncertainty concerning the tomorrow presidential elections in USA. In Poland, before the IPO of PKO BP, investors are strengthening their positions. Because many investors will fail to buy as many PKO BP shares as they wish they may invest the remaining funds in other stocks. Therefore, the foreign investors preferred to buy on Tuesday. In result, shares worth PLN 630 million (EUR 145.5 million) changed hands.
Demand concerned the WIG20 companies mainly. TP telecom and PKN Orlen were very eagerly bought, the volume of trade for each company exceeded PLN 100 million. Banks were also among the best performers with Pekao and BPH leading. BRE Bank shares jumped because the present CEO Wojciech Kostrzewa had stepped down.
(PLN 1 = EUR 0.231)