Warsaw Stock Exchange falls deeply on Tuesday

27-02-2007, 21:08

Warsaw (Puls Biznesu) – Indices fell deeply today. The impulse came from Shanghai where the stock exchange dived nearly 9 percent.

Warsaw indices lost over 4 percent each with Techwig ending as much as over 5.2 percent down. 287 companies, or over 95 percent of listed stock, ended down with only 8 firms, or 2.6 percent ending up. WIG20 dropped 4.47 percent to 3,325.47 points, WIG fell 4.4 percent to 52,906.36 points while MIDWIG shed 4.7 percent to 4,242.1 points.

KGHM and Bioton were the worst performers among blue chips. The copper and insulin producers lost over 7 percent each. Bioton presented financial results in the morning which were far worse then expected. GTC homebuilder and Prokom IT company dropped sharply. Kety aluminium company was the only blue chip to end up. The stock rose 4.8 percent although it was falling all day long. FAM and Redan were the worst performers out of smaller caps, with over 15 percent decreases.

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Inne / Warsaw Stock Exchange falls deeply on Tuesday