Warsaw Stock Exchange stops rebound on Friday

APA - Austria Presse Agentur
18-11-2005, 20:47

Warsaw (Puls Biznesu) – After Thursday rises, the WIG20 index ended the day 0.04 percent down. Pekao bank was the most bought company. Shares rose 2.4 percent. Its largest rival, PKO BP, lost 0.7 percent. TP telecom fell, sod id PKN Orlen fuel giant (1.6 percent). TVN media group was the best performer among blue chips. Shares added 4.

Warsaw (Puls Biznesu) – After Thursday rises, the WIG20 index ended the day 0.04 percent down. Pekao bank was the most bought company. Shares rose 2.4 percent. Its largest rival, PKO BP, lost 0.7 percent. TP telecom fell, sod id PKN Orlen fuel giant (1.6 percent). TVN media group was the best performer among blue chips. Shares added 4.7 percent thanks to ‘buy’ recommendation of CA IB. Shares ended PLN 67.5 (EUR 16.9) , while the target price set by CAIB amounts to PLN 72.

Among smaller companies, Prochnik clothes producer was rising even over 13 percent in the morning after its management said that it would acquire Deni Cler. However, the company ended 0.7 percent down, while W.Kruk, the owner of Deni Cler, added. Two companies whose major investor is the businessman Roman Karkosik, i.e. Skotan and Alchemia jumped 35 percent each. Polmos Lublin vodka producer gained 13 percent after the member of its board forecast that the company could exceed PLN 6m of net income in the fourth quarter and generate PLN 116m of sales.

(PLN 1 = EUR 0.251)

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Podpis: APA - Austria Presse Agentur

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Inne / Warsaw Stock Exchange stops rebound on Friday