Warsaw indices fall, analysts do not exclude rebound

opublikowano: 2007-02-28 20:32

Warsaw (Puls Biznesu) – The indices ended down on Wednesday, however big volume of trade and the relatively low fluctuation of indices give hope for rebounds.

The WIG20 index dropped 2.51 percent to 3,241.99 points. WIG fell 1.9 percent to 51,900.39 points. The volume of trade was very high and amounted to PLN 2.7 billion.

Shares of blue chips worth PLN 1.8 billion changed hands. This may be a sign of bullish moods, analysts believe. The Warsaw Stock Exchange did not react to weak macro data from the USA published in the afternoon local time. The WIG20 fell most in the morning – it was reaction to Tuesday decreases in the USA and Grupa Lotos financial results which were below the expectations.

Today, 65.68 percent of companies ended down, 26.73 percent ended up while 7.59ercent remained unchanged.