Warsaw (Puls Biznesu) – There were no doubts that the Polish stock market would fall today. After weak US retail sales data were published yesterday, today the bourses in the East and in Europe were falling. Moreover, the Polish currency was depreciating all day long. The WIG20 index ended on Thursday at 1,965.18, or 1.03 percent lower.
Mainly PKN Orlen fuel giant and TPSA telecom are responsible for the decrease. They lost, respectively, 1.9 percent and 1.4 percent, more than the market. As far as TPSA is concerned, shares worth PLN 150 m (EUR 36.5 m) changed hands. In both companies, trade unions were active, which makes investors uneasy. The two companies were also disturbed by the news that Hutchison submitted its offer in the tender for free UMTS and GSM frequencies. TPSA is the shareholder of Centertel, while PKN Orlen – in Polkomtel operators.
Prokom IT company continued falls. Investors kept selling the shares after the news that PZU would not buy Exceed system from the Prokom-CSC consortium. Prokom shed 4.6 percent.
(PLN 1 = EUR 0.243)Poland/Stock market report