Warsaw (Puls Biznesu) – Although the 20 share blue chips index was rising even 1.8 percent during the day, it ended 0.07 percent down on Friday. Within the last five days, however, it has gained 2.66 percent.
The volume of trade was huge. Shares worth PLN 2.015 billion changed hands for the third highest result in the history of the Warsaw Stock Exchange. Highest levels were noted on 10 and 12 of November 2004.
TP telecom continued gains after two days of increases. Shares ended at PLN 22.5, close to DI BRE Bank’s target price presented yesterday (PLN 23.9). At first, the giants, including KGHM copper producer and PKN Orlen fuel firm were rising, but in the afternoon they dragged the index down. Grupa Lotos and MOL fuel companies managed to grow over 2 percent each. The two banks which have been very popular recently: Pekao and Bank BPH did not manage to resist the downward trend. After the long-expected meeting between Alessandro Profumo, UniCredito CEO with Prime Minister Kazimierz Marcinkiewicz, the CEO of the bank said that it was constructive. The chances for the merger fell, however, when the general inspector of banking supervisory authorities withheld from the voting over the application of UniCredito Italiano to be able to use its votes connected with its 71.03 percent stake in Bank BPH.
GTC homebuilder which hit its all-time record yesterday (PLN 315), today lost 0.6 percent. The developer said he agreed the conditions to buy 19,500 square meters of land in Belgrade where it plans an investment. “The price amounts to EUR 10.5m”, the company said in a communiqué.
Among small caps, Internet Group dived 15.8 percent for the worst performance on the market. Echo Investment developer turned out to be last week’s best investment. The stock hit all-time records four times. Echo Investment helped the WIG-Budownictwo sector index reach its new record of 48,449.27 points.