The 20-share blue chips index ended at 3,633.64 points, or 1.15 percent down. It shed 3.75 percent this week.
The most important macro data from the US markets show that Fed has reasons to further cut interest rates. PCE index dropped 0.1 percent in August and the base inflation of PCE is the lowest since 2004.
Polimex-Mostostal was the worst performer this week. The stock dived 7 percent despite plans of a new issue. New funds would finance acquisition of a company with several hundreds million zloty of sales, Konrad Jaskola, the company’s CEO said. Grupa Lotos fuel company ended down for the sixth consecutive day. Since September 21sth, it has lost 7.4 percent on the news of a possible merger with PKN Orlen.
Foreign blue chips did much better. CEZ rose 4.1
percent last week. On Wednesday, its stock rose to its highest level ever and
cost PLN 164.5. MOL, which has recently withdrawn from WIG20 index, rose 5.1
percent on the news Austrian OMV is going to acquire the Hungarian company.