Warsaw (Puls Biznesu) – After three days of consolidation around the level of 2,900 points, the WIG20 index dropped nearly 65 points below it. The reason were KGHM shares without the right for dividend, weaker Western European markets as well as the zloty depreciation.
KGHM was listed without the right for dividend of PLN 10 per share. The stock dropped 0.5 percent while shares worth PLN 175m changed hands. PKN Orlen which stayed unchanged attracted PLN 106m of trade. TP telecom was the worst performer among blue chips with 3.3 percent dive after UKE electronic authorities told the company to divide voice and internet services. Companies connected to Ryszard Krauze businessman were doing very well. Prokom IT company ended 1.6 percent up, Bioton insulin producer gained 0.5 percent. It was even rising 4.3 percent during the day after the Chinese Ministry of Economy allowed it to build joint-venture, which will let the Polish company sell human insulin and some vaccines. Bioton plans to win 15 percent of the Chinese insulin market within three years.
Investors reacted to positive data concerning Redan’s settlement with banks concerning the restructuring of PLN 85 of overdue debts. The clothes producer was the best performer today with 9.8 percent stock jump.