The Thursday session did not answer the vital question: what happens in the Warsaw Stock Exchange in upcoming days. The main index changed only slightly.
The WIG20 lost 0.14 percent to 2,819.26. Thursday was the second day of small decreases and a rest after black Tuesday. Shares of blue chips worth PLN 685m changed hands, including PLN 215m generated by KGHM stock. The copper producer ended the day over 2 percent up. However, shares are close to their Tuesday bottom level, which means that the climate has not improved for the stock yet. They may fall soon. Grupa Kety which announced disappointing fourth quarter results fell for the worst performer among blue chips. The company said it had PLN 15.03m of net income, down from PLN 15.68m last year. This year, the net income is forecast to fall by 9 percent despite higher sales.
Individual investors cannot complain, however. Among small caps there are good opportunities for high return. 11 companies rose over 10 percent, including two which gained over 20 percent and one – MCI – which jumped 39.3 percent. MCI gained on news that Hoopla.pl, in which it has a 63.64 percent stake, is going to have PLN 20-25m sales this year. Last year the internet shop had sales of PLN 4.6m. Srubex was another leader as far as return is concerned. Stock added 12.7 percent after Koelner said it would acquire the company. Yesterday Koelner bought 9.99 percent of Srubex stock and is going to increase the stake to 20 percent within 12 months. Koelner rose 11.7 percent.