WIG20 index exceeds 2,400 points after two weeks of struggling

APA - Austria Presse Agentur
opublikowano: 02-11-2005, 20:47

Warsaw (Puls Biznesu) - The first November session in the Polish stock exchange GPW was a good one. The WIG20 index ended at 2,415.79 points, or 3.28 percent higher than on Monday. On Thursday, the level of 2,423 points may be beat.

Warsaw (Puls Biznesu) - The first November session in the Polish stock exchange GPW was a good one. The WIG20 index ended at 2,415.79 points, or 3.28 percent higher than on Monday. On Thursday, the level of 2,423 points may be beat.

Shares of blue chips worth PLN 812m (EUR 204.8m) changed hands, while all shares worth PLN 928m changed hands. Stock market will be influenced by foreign exchange market. On Wednesday, the Polish currency appreciated against euro and dollar. Financial markets will closely watch whether the government of PM Kazimierz Marcinkiewicz has got the approval of Sejm, the lower chamber of the Polish Parliament.

Banks were pacing today's advances with Pekao SA jumping 6.4 percent. PKO BP rose 4 percent. BZ WBK gained nearly 5 percent. PKN Orlen fuel giant added 2.4 percent, while TP telecom rose 3.4 percent. The volumes of trade were high, a clear sign that foreign investors are back in Warsaw. Prokom IT company gained 4 percent after DI BRE Bank evaluated its shares at PLN 145 (shares are trading PLN 117) and issued 'buy' recommendation. Gant was the best performer with 30.1 percent jump after Elzbieta Sjoblom demanded to organise general shareholders' meeting to decide on shares issue worth PLN 4-7m.

(PLN 1 = EUR 0.252)

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Podpis: APA - Austria Presse Agentur