WIG20 loses 1.13 percent this week, MIDWIG gains 1.4 percent

APA - Austria Presse Agentur
11-11-2005, 10:32

Warsaw (Puls Biznesu) – Today, on the last trading day this week due to national holiday on Friday, the WIG20 index lost 0.27 percent. This week it had fallen 1.13 percent. MIDWIG, the index of medium-sized companies, for the first time exceeded the level of 2,000 points. It ended nearly 1 percent higher. Within last week, it has added 1.4 percent.

Warsaw (Puls Biznesu) – Today, on the last trading day this week due to national holiday on Friday, the WIG20 index lost 0.27 percent. This week it had fallen 1.13 percent. MIDWIG, the index of medium-sized companies, for the first time exceeded the level of 2,000 points. It ended nearly 1 percent higher. Within last week, it has added 1.4 percent.

TP telecom paced advances – it grew over 2 percent. This was the case with Pekao bank, which published good quarterly results. However, only in the morning. Then, the company started falls and ended 0.3 percent down. GTC construction company added 2.76 percent, the biggest daily increase among WIG20 companies. Bank BPH rose below 2 percent after it had published good albeit expected quarterly results. PKN Orlen fuel giant attracted investors: shares worth PLN 113m (EUR 28m) changed hands. The company lost 1.3 percent. On Monday, it will publish its quarterly results.

This week, Lubawa was the best investment. Shares jumped 30 percent thanks to promises of good third quarter results, selling part of the company’s assets, talks concerning acquiring stake in Prymus company plus changes in the shareholders’ structure. Lubawa is close to its record levels as of March 1997.

 (PLN 1 = EUR 0.248)

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Podpis: APA - Austria Presse Agentur

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