Poland/Stock market report
Warsaw (Puls Biznesu) – On Thursday, the WIG20 index lost 0.86 percent to 1871.35. The volume of trade within the index of blue chips fell 25 percent in comparison to Wednesday levels, which is a sign that decreases are temporary and investors may hope for the 1950 level at Christmas. WIG20 has lost 1.9 percent since its heights, but before it reached the peak last Thursday, it grew over 6 percent.
PKN Orlen, TPSA and PKO BP shed 1-1.5 percent. The latter said it would increase IT expenditures by PLN 170 million (EUR 40.7 million) but investors did not react. Shares worth below PLN 50 million changed hands. Softbank, the winner of the tender for PKO BP’s IT system rose. BPH and BZ WBK banks rose, while Pekao S.A. lost nearly 3 percent. In the last six days, however, the company grew 7.5 percent.
(PLN 1 = EUR 0.239)