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Stock market barely changes on Thursday

APA - Austria Presse Agentur
opublikowano: 08-09-2005, 18:40

Warsaw (Puls Biznesu) – After boring session when WIG20 balanced within 15 points ranges, the blue chips index ended at 2,311, or 0.64 percent lower than on Wednesday. Shares worth PLN 435m (EUR 110.5m) changed hands, 10 percent less than yesterday.

Warsaw (Puls Biznesu) – After boring session when WIG20 balanced within 15 points ranges, the blue chips index ended at 2,311, or 0.64 percent lower than on Wednesday. Shares worth PLN 435m (EUR 110.5m) changed hands, 10 percent less than yesterday.

Half of this amount was due to two companies: PKN Orlen fuel giant and Pekao bank. After PKN Orlen had lost nearly 3 percent yesterday, today shares shed 0.5 percent. The company said it was ready to pay more for the 62.99 percent stake in Czech Unipetrol if the audit shows up to 15 percent must be added. PKN Orlen has paid PLN 1.56 billion for the acquisitions so far.

After three days of growing, Pekao, the second-largest listed bank, lost 1.5 percent today. KGHM copper producer added 0.5 percent to PLN 40.4, its new all-time record. BDM PKO BP brokerage raised its recommendation for KGHM shares to PLN 46 and sustained the “buy” recommendation.

Analysts expect dividend of PLN 3 a share. Agora media group gained below one percent. Agora is launching two new publishing projects in September.

(PLN 1 = EUR 0.254)

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Podpis: APA - Austria Presse Agentur

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