WIG20 loses 1.92 percent this week

APA - Austria Presse Agentur
25-08-2006, 19:20

Warsaw (Puls Biznesu) – The WIG20 ended 1.01 percent down while the volume of trade on the Warsaw Stock Exchange amounted to PLN 1 billion. In the last hour of trading, the WIG20 index fell to 2,885 points but it managed to rebound 20 points in the eleventh hour. It is hard to state clearly whether this means further losses in the future.

Warsaw (Puls Biznesu) – The WIG20 ended 1.01 percent down while the volume of trade on the Warsaw Stock Exchange amounted to PLN 1 billion. In the last hour of trading, the WIG20 index fell to 2,885 points but it managed to rebound 20 points in the eleventh hour. It is hard to state clearly whether this means further losses in the future.

Shares of blue chips worth PLN 700m changed hands, including PLN 200m generated by KGHM. The copper producer dragged the index down as it fell 4.5 percent to PLN 105.5 despite increasing copper prices. PKN Orlen was another reason for today’s decrease. The fuel giant lost 2.66 percent while oil prices kept growing. The decreases of the two giants might be the result of big offer from global banks. Citigroup and JP Morgan published their reports recommended to reduce Polish stock in the portfolios earlier this week. Banks were doing much better, the companies fell about 1 percent each. Bioton insulin producer lost 2.05 percent. Kety grew 4.64 percent and Boryszew 4.94 percent. Grupa Lotos added 2.67 percent. Yesterday the fuel giant said it had found new oil fields in Baltic sea.

Among small and mid-caps, Irena was the best performer with 22.27 percent jump. Energopol rose to a new record on Friday, while Ampla has added 34.5 percent this week.

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Podpis: APA - Austria Presse Agentur

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