Poland: WIG20 index stays above 1,950 level

APA - Austria Presse Agentur
opublikowano: 17-03-2005, 20:44

Warsaw (Puls Biznesu) – On Thursday, the WIG20 index behaved just like the Polish currency. When zloty was appreciating, the index grew, when zloty was depreciating, the index fell. It ended the day at 1,951.88, or 0.62 percent lower. Shares worth PLN 950 m (EUR 229.9 m) changed hands.

Warsaw (Puls Biznesu) – On Thursday, the WIG20 index behaved just like the Polish currency. When zloty was appreciating, the index grew, when zloty was depreciating, the index fell. It ended the day at 1,951.88, or 0.62 percent lower. Shares worth PLN 950 m (EUR 229.9 m) changed hands.

There are chances, however, for rises tomorrow. After the bourse closed, Miroslaw Pietrewicz, a member of the Monetary Policy Council said that during the upcoming meeting it may lower interest rates by at least 50 base points. Investors reacted with bigger demand for bonds, which in turn strengthened the zloty.

TPSA telecom was the worst performer among blue chips, it lost 3.9 percent while shares worth PLN 170 m changed hands. PKN Orlen fuel giant broke the series of five consecutive days of falls and gained 0.9 percent while shares worth PLN 107 m changed hands. Banks were doing quite well, with PKO BP bank adding 1.6 percent, and Bank Handlowy, which jumped 7 percent after the management said it would propose to pay dividend of PLN 1.564 billion, or PLN 11.97 a share.

Bioton biotechnology company had another good day. Yesterday, during its second trading day, it rose 20 percent, while today it was 18.2 percent.

(PLN 1 = EUR 0.242)

 

© ℗
Rozpowszechnianie niniejszego artykułu możliwe jest tylko i wyłącznie zgodnie z postanowieniami „Regulaminu korzystania z artykułów prasowych” i po wcześniejszym uiszczeniu należności, zgodnie z cennikiem.

Podpis: APA - Austria Presse Agentur

Polecane