Warsaw Stock Exchange still before window dressing

26-09-2007, 20:33

The situation on the Warsaw Stock Exchange did not change on Wednesday. Although WIG20 managed to resist decreases going on for the last three sessions, the volume of trade was low. It would have been even lower hadn’t it been for the biggest banks.

US data still influence WSE to the largest extent. They give mixed signals, however. On the one hand, world’s biggest economy has problems, on the other, chances are growing for Fed to cut interest rate.

Grupa Lotos fuel company was closely watched by investor. The minister of the treasury said that it is possible for the company to acquire a stake of PKN Orlen, its bigger rival. Grupa Lotos opened up but ended down.

Roman Karkosik’s companies, including Midas and Krezus kept gaining, Midas on hopes that Centernet will win the tender to buy GSM 1800 frequencies. Leszek Czarnecki companies are popular again. Getin Holding was growing while LC Corp. homebuilder was a star. Small and mid caps did worse then blue chips.

On the whole, two days before the end of the quarter, the WSE still waits for the window dressing.

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Inne / Warsaw Stock Exchange still before window dressing