Warsaw Stock Exchange jumped and dived on Euro2012

opublikowano: 18-04-2007, 20:27

Warsaw (Puls Biznesu) – The fact that Euro2012 championships will be held in Poland and Ukraine made Warsaw stock investors frantic. However, in the afternoon, the moods worsened and indices dived.

After UEFA announced its decision before noon, WIG jumped by several hundreds points above the level of 60,000 points. It had exceeded 50,000 points four and a half months ago. In the second part of the day, investors who fought to buy construction companies, because they will be the biggest beneficiaries of the football championships, decided to sell out. WIG20 dropped 60 points within an hour, or 20 points more than it gained on UEFA decision.

Among blue chips, Prokom IT company was the best performer with 3.9 percent increase on CA IB recommendation to buy. The stock closed at PLN 176. Polimex-Mostostal construction company added 3.3 percent to PLN 248 on Euro2012.

Netia telecom was the worst performer among blue chips with 4.9 percent dive on the news that CA IB lowered its target price from PLN 4.75 to PLN 4.60. The stock ended at PLN 4.08. Agora media group fell for the seventh consecutive day. Today it lost 1.9 percent to PLN 43.5. Since April 10th, the stock has fallen 12.1 percent.

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