Poland: WIG20 shed 0.84 percent this week

opublikowano: 2004-11-20 16:25

Warsaw (Puls Biznesu) – Friday was a boring day on the Polish stock exchange GPW. Indices fluctuated around the levels of Thursday session. The WIG20 index fell 0.01 percent to 1828.93 points.

PKN Orlen fuel company rebounded after Thursday fall. The latter was due to a big transaction – Jan Kulczyk, Polish businessman connected with the ‘fuel affair’ being investigated by a parliamentary commission, sold a 2 percent stake worth PLN 650 million (EUR 152.8 million).KGHM copper producer rose a little bit while Prokom IT company lost. Later on, the shares of PKO BP lost. The bank’s shares worth PLN 150 million changed hands. Foreign investors are the only ones who could push the stock above the level of PLN 25. Most analysts do not expect it to happen this year.

(PLN 1 = EUR 0.235)

Poland/Stock market report