U.S. inflation data help the Warsaw Stock Exchange

APA - Austria Presse Agentur
opublikowano: 16-08-2006, 19:47

Warsaw (Puls Biznesu) – After better than expected U.S. macro data were published, the world’s exchanges rose. Commodity companies did not join the upward trend on falling oil and copper prices.

Warsaw (Puls Biznesu) – After better than expected U.S. macro data were published, the world’s exchanges rose. Commodity companies did not join the upward trend on falling oil and copper prices.

The core CPI rose 0.2 percent while analysts expected 0.3 percent, which may be a sign that the break in tightening the monetary policy in the USA will last longer. On the other hand, higher than expected inflation in Poland (1.1 percent in July while the median forecast of analysts amounted to 0.8 percent) did not influence the market. The WIG20 index added 1.44 percent to 2,979.21 points. Shares of blue chips worth PLN 662m changed hands, which is a low value.

Bank stock paced the advances. Five banks from the WIG20 index generated the highest daily return today. BRE Bank rose to PLN 228, its new all-time record. Commodity companies ended down. KGHM copper producer fell to PLN 112 along with copper prices. PKN Orlen fuel giant lost on the information that Russia might not restart oil deliveries to Mazeiku Lithuanian refinery. PGNiG gas monopoly dropped on the news the company reduced the planned gas increases from 8 percent to 4.9 percent.

Among small stocks, Kable jumped 106.6 percent after it published great second quarter results. The company said it had PLN 12.75m of net income against PLN 3.8m of net loss. Sales grew 60 percent to PLN 129.4m. Hutmen, a company from the group of Roman Karkosik, rose for another day. Today, it added 20 percent.

© ℗
Rozpowszechnianie niniejszego artykułu możliwe jest tylko i wyłącznie zgodnie z postanowieniami „Regulaminu korzystania z artykułów prasowych” i po wcześniejszym uiszczeniu należności, zgodnie z cennikiem.

Podpis: APA - Austria Presse Agentur

Polecane

Inspiracje Pulsu Biznesu

Tematy

IT

Puls Biznesu

Inne / U.S. inflation data help the Warsaw Stock Exchange