WIG20 index notes the highest growth since March

MAG
17-07-2008, 20:50

Warsaw (Puls Biznesu) – Warsaw stock exchange indices started growing in the morning, following their Western European peers. No one has expected that the market would close so high. The only reason to worry was the volume of trade which could have been higher. On  Thursday, shares worth PLN 1.2bn changed hands.

The WIG20 index ended 3.6 percent up for the highest one day increase since March 25th. Banks were doing extremely well, their sub-index jumping 4.7 percent. Bank Millennium, BZ WBK, Pekao and UniCredit paced the advances. The 20 share blue chips index could have grown even more hadn’t it been for KGHM. Investors got frightened with news reports that the company would look to exploit copper in Laos.

Companies with mid-capitalization had a good day as well. mWIG40 rose 3.2 percent. sWIG80 added only 1.2 percent. LC Corp homebuilding company founded by Leszek Czarnecki increased over 7.5 percent. Bytom clothes producers jumped 30 percent on the news that a new share issue was suspended.

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Podpis: MAG

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