Warsaw (Puls Biznesu) – Thursday was another day of minor changes in the Warsaw Stock Exchange. The WIG20 ended slightly up.
WIG20 opened above 2,910 points, its gains following the appreciation of zloty which rebounded after yesterday's decreases. The January retail sales data published by the central statistical office GUS spurred a rally, too. Economists forecast a 6.8 percent rise on annual basis while the growth amounted to 8.6 percent. Before noon, however, the WIG20 index fell to the level reached on Wednesday. It ended the day only 0.13 percent up at 2,899.8.
The volume of trade was 15 percent higher than on Wednesday and exceeded PLN 880m as far as blue chips are concerned and PLN 1.07 billion for the whole market. Three companies which generated the highest volume of trade: TP telecom, PKN Orlen fuel giant and KGHM copper producer, fell today. TP shed 0.4 percent to PLN 22.7. A big transaction of 5m shares at PLN 22.5 was conducted generating PLN 225m of trade. KGHM stock worth PLN 130m changed hands. Shares lost 0.1 percent to PLN 74.4. On Friday, further changes in the management are expected during the meeting of the supervisory board.
Agora media group continued the upward trend started yesterday. The stock added over 4 percent to PLN 56.2. Today, the last issue of its “Nowy Dzien” daily was published. Yesterday Agora said it would withdraw from the project generating losses. GTC developer lost 3.8 percent to PLN 240 for the biggest loss within blue chips. The company considers issuing 1.8m of new shares.
Among small caps, Capital Partners jumped 77 percent. Today, the opening price was set at PLN 15.5. Shares ended at PLN 27.5. The volume of trade reached PLN 40m, the eighth highest volume on the market.