Weak inflation data drag the Warsaw indices down

APA - Austria Presse Agentur
opublikowano: 14-09-2006, 20:08

Warsaw (Puls Biznesu) – The August inflation data was slightly worse than expected and the Warsaw indices lost all yesterday’s increases. The WIG20 index lost 1.13 percent but the volume of trade was 30 percent lower than yesterday.

Warsaw (Puls Biznesu) – The August inflation data was slightly worse than expected and the Warsaw indices lost all yesterday’s increases. The WIG20 index lost 1.13 percent but the volume of trade was 30 percent lower than yesterday.

The inflation in August rose 0.3 percent month on month and 1.6 percent year on year. The median of economists polled by ISB news agency amounted to 1.4 percent. After the data were published, indices started falling even faster although the Monetary Policy Council will most probably not be influenced by the data and the interest rates will stay unchanged this year.

Out of WIG20 companies, banks were most affected by the inflation data. BZ WBK, Pekao and PKO BP were the worst performers with losses of 2-2.5 percent. TP fell on the concern that the telecommunication authorities UKE consider a fine of over PLN 100m for the once-monopoly. BRE Bank rose after it received exclusive rights to negotiate the acquisition of all shares of Skarbiec AM.

Stalprofil jumped 7.9 percent to PLN 18.1, the highest level in nearly two years. The media reported that the company may buy a gas equipment producer from Zabrze. Investors were not attracted with the stock of meat producers despite the promise of the deputy PM Andrzej Lepper that Ukraine would ‘soon’ lift its ban for the imports of the Polish meat. October 20th is being mentioned here.

© ℗
Rozpowszechnianie niniejszego artykułu możliwe jest tylko i wyłącznie zgodnie z postanowieniami „Regulaminu korzystania z artykułów prasowych” i po wcześniejszym uiszczeniu należności, zgodnie z cennikiem.

Podpis: APA - Austria Presse Agentur

Polecane

Inspiracje Pulsu Biznesu

Puls Biznesu

Inne / Weak inflation data drag the Warsaw indices down