Nevertheless, the 20 share blue chips index gained 0.86 percent last week. PKN Orlen fuel giant gained 6 percent this week. Oil prices rebounded due to decreasing inventories in the USA. At the beginning of the week the stock was the cheapest since May 2005. BZ WBK bank rose 4.2 percent this week. The successor or Jacek Ksen was appointed – Mateusz Morawiecki was named the CEO. Because of uncertainty over the CEO, the stock had shed 15.5 percent in February. Netia telecom dropped 3.4 percent in the last five days while PGNiG gas monopoly lost 5.3 percent.
WIG20 jumped and dived in the last hours of trading
Warsaw (Puls Biznesu) – In the last two hours of the Friday session, the WIG20 index first jumped to its high of 3,328.41 points after good labor data were published in the USA and then dived to end 0.58 percent down.