WIG20 falls slightly, the volume of trade dives

APA - Austria Presse Agentur
opublikowano: 20-03-2006, 19:50

Warsaw (Puls Biznesu) – Blue chips fell slightly on Monday. The volume of trade was very low.

Warsaw (Puls Biznesu) – Blue chips fell slightly on Monday. The volume of trade was very low.

Shares of WIG20 companies worth PLN 447m changed hands while it was PLN 1.69 billion on Friday. Indices were rising in the morning even after Andrzej Lepper, the head of the populist Samoobrona party said that euro should cost PLN 4.5. Zloty depreciated first but then rebounded. The WIG20 ended 0.19 percent down. PKO BP bank and PKN Orlen dragged the market down. Both lost over 2.5 percent. KGHM copper producer added 2.1 percent to PLN 73. The company rose along with copper prices which hit new records today. All the other banks – exept for PKO BP – ended up. Bank BPH gained 2.6 percent to PLN 795. Pekao added 1.1 percent to PLN 183. The PAP news agency quoted Prime Minister Kazimierz Marcinkiewicz saying that the talks with UniCredito concerning the merger of Pekao and BPH would start on Monday. BZ WBK rose after DI BRE Bank recommended the stock to ‘keep’ from ‘reduce’ and reiterated the target price of PLN 147.6. Shares cost PLN 150 today.

Elektrim jumped 19.7 percent to PLN 7.3 after it had gained 22 percent last week. Shares worth PLN 70.5m changed hands, for the fourth largest volume of trade after TP telecom, KGHM and PKN Orlen. The company is gaining on unofficial information that the Ministry of the Treasure is going to sell the company its 50 percent stake in PAK power plants.

Centrostal Gdansk jumped 19.2 percent to PLN 5.4. “Puls Biznesu” said today that Zlomrex would buy a control stake of the metal wares trader.

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Podpis: APA - Austria Presse Agentur