WIG20 notes slight rise, small and middle caps jump

APA - Austria Presse Agentur
09-02-2006, 20:00

Warsaw (Puls Biznesu) – The blue chip average ended 0.41 percent up on Thursday. Indices of small and medium-capitalization companies rose much more.

Warsaw (Puls Biznesu) – The blue chip average ended 0.41 percent up on Thursday. Indices of small and medium-capitalization companies rose much more.

The market may fall on Friday unless foreign investors tend toward buying. The increase of the WIG20 index was much lower than the increases on other European markets. At the closing bell in Warsaw, German DAX, French CAC40 and Hungarian BUX were rising over 1 percent.

MIDWIG gained over 2.9 percent while WIRR ended 2.4 percent up. Alchemia contributed most to MIDWIG’s increase. The company rebounded 19 percent after several days of loosing streak. WIRR was helped by Lubawa stock which jumped over 16 percent.

Among blue chips, KGHM copper producer generated PLN 113m of trade but it wasn’t KGHM who led the index. TP attracted most attention. In the morning shares jumped 3.5 percent to PLN 23.7 after Fitch rating agency reiterated its rating for the company. In the afternoon, the stock fell, and ended 0.44 percent down at PLN 22.8.

IDM online brokerage rose 10.4 percent to PLN 21.2 after a good fourth quarter report (the net income doubled). MCI gained 9.4 percent to PLN 4.65 after it raised its forecast of consolidated income for 2006 to PLN 10.82m from PLN 8.34m expected before.

 

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Podpis: APA - Austria Presse Agentur

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