Warsaw (Puls Biznesu) – After a 120-point dive on Monday, the WIG20 index grew 40 percent, or 1.4 percent today. PKN Orlen, which dragged the market down yesterday, today led the advances.
Shares of blue chips worth PLN 935m changed hands, down from PLN 1.2 billion yesterday. PKN Orlen fuel giant, which dived nearly 9 percent yesterday, today rebounded over 3 percent to over PLN 60. The volume of trade amounted to PLN 300m. PKN signed agreement with Kulczyk Holding to sell 9.22 percent in Autostrada Wielkopolska. Kulczyk Holding transferred PLN 73m to its accounts. Shareholders of Grupa Lotos, Poland’s second largest fuel company, welcomed the fourth quarter results which exceeded analysts’ anticipations. The stock was trading even 2 percent higher but ended just 0.19 percent up at PLN 51.4. KGHM copper producer rose 1.4 percent with copper prices which rebounded after the highest dive in 13 months noted yesterday.
Among small caps, Internet Group jumped over 33 percent. Yesterday the company said in a communiqué that it would merge with CR Media Consulting. Groclin and Stalexport which disappointed with quarterly results lost 11.25 and 8.85 percent respectively.