Warsaw Stock Exchange rebounded in the eleventh hour

opublikowano: 15-05-2007, 17:54

Warsaw (Puls Biznesu) – The events on the Warsaw Stock Exchange were influenced by inflation data in Poland and the USA and quarter reports.

 

70 percent of companies ended down, while every fourth firm listed in Warsaw ended up despite inflation data in Poland and the USA which were according to expectations. The market rebounded in the last 30 minutes of trading after Dow Jones started the day with new record. WIG20 rose 40 points from its bottom level of 3,497.48 points. Blue chips worth PLN 941m changed hands, up from PLN 770m on Monday. However, the highest volume took part at the end of the day when the market was growing.

 

WIG20 ended 1.4 percent down. WIG fell 1.2 percent. mWIG20 lost 0.7 percent. Agora media group which substantially improved its quarter results, ended 3.6 percent up at PLN 43.6. PKO BP bank had PLN 682.29m of net income in Q1, or 38.7 percent more than last year. The stock gained 1.4 percent to PLN 51.2. PKN Orlen’s net income dropped 45.5 percnet. The stock was losing even 4.7 percent during the day and lost 2.6 percent finalny (PLN 47.78). TVN media group had PLN 47m of consolidated net income against PLN 54.6m expected by analysts. The stock fell 4.4 percent to PLN 23.8.

 

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