WIG20 falls 6 percent in the fifth week of the year

APA - Austria Presse Agentur
06-02-2006, 07:28

Warsaw (Puls Biznesu) – Investors ended the Friday session in bad moods. The WIG20 fell 2.08 percent to 2,760.65. Within last week, it dived over 6 percent.

Warsaw (Puls Biznesu) – Investors ended the Friday session in bad moods. The WIG20 fell 2.08 percent to 2,760.65. Within last week, it dived over 6 percent.

PKN Orlen led the index down, with an over 3 percent loss to PLN 61.6 while shares worth PLN 178m changed hands, the second highest volume of trade today. Analysts believe it is very unlikely that the fuel giant will acquire Lithuanian refinery Mozeiki. Today, the company said also that it was interested in the offer of Danish TDC which wants to sell its stake in Polkomtel, the operator of mobile network. PKN Orlen has 19.6 percent in the telecom company. KGHM gained on news of high copper prices, which rose to over USD 5,000 for a tonne but then did not manage to resist falls and ended 1.6 percent down at PLN 72.5. Shares worth PLN 190m changed hands.

Bank stocks were sold by investors today. Shares of three blue chips shed over 3 percent. BPH lost 4.6 percent to PLN 755.5 for the worst performer in the sector o the ongoing conflict between Italian UCI and the Ministry of the Treasure. TVN media group added 2.4 percent to PLN 85.8 for the best performing blue chip. The group forecasts that its sales this year will grow faster than the TV ad market. In January TVN’s audience share rose to 15.6 percent from 13.9 percent a year earlier.

Small caps did not note jumps as in the previous days. None company added 10 percent. 12 stocks lost 10 percent.

 

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Podpis: APA - Austria Presse Agentur

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