Poland/Stock market report
Warsaw (Puls Biznesu) – The WIG20 index grew 0.5 percent to 1832.16 points on Friday. In the whole week, it has grown by 0.18 percent. The problem is that smaller companies kept growing while the giants remained calm. Much depends on PKO BP bank, which today was falling.
Netia telecom was doing extremely well. The share price of the company jumped at high volume of trade. Yesterday, the telecom managed to rebound from a nearly three-month long lows of PLN 4.1-4.3 (EUR 0.97-1.01). Today, it exceeded PLN 4.41. Netia may start heading towards the PLN 5.5 level – its target level according to report of BDM PKO BP published on November 18th.
(PLN 1 = EUR 0.237)