WIG20 rebounds and comes back to Friday levels

APA - Austria Presse Agentur
opublikowano: 14-02-2006, 17:40

Warsaw (Puls Biznesu) – The decision of the President not to dissolve the Parliament, helped the indices on Tuesday. The WIG20 index rose 0.81 percent to 2,790.37 points, or the level reached last Friday. The volume of trade amounted to PLN 511m, while yesterday it was PLN 646m.

Warsaw (Puls Biznesu) – The decision of the President not to dissolve the Parliament, helped the indices on Tuesday. The WIG20 index rose 0.81 percent to 2,790.37 points, or the level reached last Friday. The volume of trade amounted to PLN 511m, while yesterday it was PLN 646m.

KGHM copper producer announced its quarter results after the closing bell. The net income amounted to PLN 659.6m, or below the forecast of PLN 677m. A year earlier, it was PLN 172.3m. KGHM’s results may adversely affect Wednesday trade. Prior to the report, KGHM rose 1.6 percent to PLN 68.9. Shares worth PLN 65m changed hands, less then TP telecom, PKN Orlen fuel company and Pekao bank, which did not exceed PLN 100m, however.

Bioton insulin producer gained 3.9 percent for the best performance today. On Monday, however, the company dived 6.7 percent. GTC developer rose 2 percent to PLN 230. Among mid caps, Jutrzenka candy producer fell 7.6 percent to PLN 63, its lowest level since May 2005. The company had PLN 1. 07m of net income in last quarter against PLN 21.38m a year earlier. Impexmetal jumped 16.8 percent to PLN 125 after it said that the famous investor Roman Karkosik and Boryszew, a company he controls, have a stake of 79.6 percent.

 

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Podpis: APA - Austria Presse Agentur

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