Warsaw Stock Exchange: a day after euphoria

19-04-2007, 21:05

Warsaw (Puls Biznesu) – Global factors caused falls on the Warsaw Stock Exchange. European markets fell down following their Asian counterparts which decreased on worries that interest rates in China may be  raised.

WIG20 fluctuated in the 38 point range. On Wednesday, it was twice bigger. KGHM was the only company whose stock was intensively traded. Shares worth PLN 243m changed hands while TP, the second in the ranking generated PLN 90m of turnover. PKN Orlen attracted PLN 40m of trade only. All banks excluding PKO BP were doing poorly. The biggest retail bank rose 0.4 percent to PLN 47.8 while WIG-Bank subindex fell 1 percent. Pekao lost 2.3 percent to PLN 253 for the worst performer among banks.

Construction companies continued growth. Projprzem jumped 9.6 percent, Budimex 7.5 percent, Mostostal Warszawa 4.9 percent while Polimex-Mostostal was the best performer among blue chips and rose 1.2 percent to PLN 250.9. Bioton insulin producer, which was trading PLN 2.4 in February, today rose 1 percent to PLN 2.05. TVN media group dropped 2.7 percent.

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Świat / Warsaw Stock Exchange: a day after euphoria