The WIG20 index is still over 20 percent below its October maximum. In the morning, the situation looked optimistic. PGNiG gas monopoly and ING BSK bank presented results higher than expected before the market opened. The stock of the gas monopoly jumped over 5 percent. Expensive oil supported the stock of PKN Orlen fuel giant. The WIG20 index rose to 3,068 points, its high reached at the beginning of April. The volume of trade was quite high. It looked that good US macro data could further support the 20 share blue chips index.
The US data were good but the WSE was the exception
in Europe where other markets grew on the news. In the last two hours of
trading, indices stayed nearly unchanged. Commodity companies were doing well
but Pekao and BZ WBK lost over 2 percent for the only losers among blue chips
today. The WIG20 index gained only 1.1 percent. mWIG40 shed 0.2 percent. Shares
worth PLN 1.5bn changed hands.