Positive U.S. data prevent falls on the WSE

APA - Austria Presse Agentur
opublikowano: 10-03-2006, 19:12

Warsaw (Puls Biznesu) – The WIG20 index has lost 4.45 percent this week but this was not the worst week this year. The 20 share blue chips average had shed over 6 percent between February 27 and March 3.

Warsaw (Puls Biznesu) – The WIG20 index has lost 4.45 percent this week but this was not the worst week this year. The 20 share blue chips average had shed over 6 percent between February 27 and March 3.

WIG20 would have lost much more hadn’t it been for the U.S. labor market data, which were better than expected. Euroland’s stock markets rebounded and ended about 1 percent up. Warsaw shares did not end up but rebounded from 2,720 by nearly 38 points and closed at a 0.65 percent loss.

PKN Orlen fuel giant determined the market again. It ended 1 percent up at PLN 55.5 for the highest increase among WIG20 companies. Smaller blue chips, including TVN, Bioton, Softbank or BZ WBK ended over 2 percent down. The biggest banks, including Pekao and PKO BP lost over 0.5 percent and 1 percent respectively. KBC Securities estimated Pekao shares at PLN 208 while Merrill Lynch at PLN 192.5. On Friday, the stock ended at PLN 183.

Centrostal Gdansk, the distributor of metal and heating products, was the best investment this week despite the fact that it dived 9.6 percent on Friday. Zlomrex bought 516,000 shares of Centrostal, or 9.9 percent of the votes. The companies planning new issues, including Alchemia, Capital Partners, Swissmed and Lubawa, have all severely shed this week.

 

 

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Podpis: APA - Austria Presse Agentur

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