Warsaw (Puls Biznesu) – The WIG20 index rose 0.36 percent today to 2,346.82 points. It was mainly thanks to PKN Orlen fuel giant which gained 2.6 percent while shares worth PLN 191m (EUR 49.1m) changed hands.
Goldman Sachs raised PKN Orlen’s evaluation from PLN 75 to PLN 78 a share and repeated its recommendation ‘better than the market’. Shareholders of KGHM copper producer had also a good day today. Shares added 1.4 percent despite the fact that BDM PKO BP lowered its recommendation to ‘reduce’ with a target price of PLN 40. Today, shares ended at PLN 45. Agora media group shed 4.2 percent while shares worth PLN 17m changed hands. Agora has recently said it is launching a new daily, which will adversely affect its financial results.
Among smaller companies, PC Guard was shining again. After it jumped 35 percent yesterday, it added 32 percent today. Shares worth PLN 21.8m changed hands, more than 14 companies of the WIG20 index. 327,545 shares changed hands, or 32.75 percent of the company’s capital. Alchemia reached another all-time record. Internet Group dived 6.5 percent after it had risen 66 percent in the previous two sessions.
(PLN 1 = EUR 0.257)