The WIG20 index changes substantially in the eleventh hour

MAG
opublikowano: 2008-12-19 17:00

Warsaw (Puls Biznesu) – Several days ago, financial authorities KNF warned that because futures are held by one investor, there is a risk of a big offer on Friday. Investors got scared and the volume of trade was minute in the first hours of trading.

Till 3 p.m. shares worth PLN 335m changed hands. An hour before the closing bell, the WIG20 index was trading at 1,796, or 0.33 percent up. Then, it dropped. Within an hour, the volume of trade grew by over PLN 400m to PLN 768. Just before the fixing, the WIG20 index amounted to 1,796 points, or 0.35 percent up. However, it ended 0.7 percent down at 1,777.9 points. Shares worth PLN 1.2bn changed hands.