Warsaw (Puls Biznesu) – The WIG20 index gained 0.23 percent and ended at 2,776.08 on Thursday.
In the two previous days it had shed nearly 5 percent. Political uncertainties and the possibility of earlier parliamentary elections, do not help the market. On Thursday, the volume of trade fell 20 percent.
PKN Orlen fuel giant stock worth PLN 164m changed hands, constituting 25 percent of the whole trade generated by WIG20 companies. The stock rose 1.1 percent to PLN 54.9 along with oil prices. Its chance to buy Lithuanian Mazeikiu Nafta are close to zero after Algirdas Brazauskas, the Lithuanian PM said that the government did not want the Polish investor. Bioton insulin producer, GTC homebuilder, Orbis hotel operator and PGNiG gas monopoly continued growing trend started on Wednesday. The WIG20 index was disturbed by banks. Pekao fell 2.13 percent to PLN 184 while BPH lost 0.56 to PLN 800. Both companies were disturbed by yesterday’s storm during the meeting of the banking supervision authorities.
Among small caps, Naftobudowa jumped 24.8 percent to PLN 8.8. There were press rumours that another listed company – PBG – was interested in its acquisition. Centrostal Gdansk gained 16.3 percent after it had jumped 24.6 percent yesterday.