Window dressing may help indices advance

APA - Austria Presse Agentur
21-06-2005, 22:12

Tuesday was the second consecutive day of last after last week’s gains. The WIG20 index ended the day at 2,034.51, or 0.14 percent up. Shares worth PLN 415m (EUR 102.5m) changed hands or just 5 percent more than yesterday. The end of the second quarter is approaching, which may encourage pension funds to start window dressing soon.

Tuesday was the second consecutive day of last after last week’s gains. The WIG20 index ended the day at 2,034.51, or 0.14 percent up. Shares worth PLN 415m (EUR 102.5m) changed hands or just 5 percent more than yesterday. The end of the second quarter is approaching, which may encourage pension funds to start window dressing soon.

KGHM copper producer was the worst performer today. No wonder – since May 18th, its shares had risen 25 percent and today investors decided to earn. BPH bank rose 1.9 percent while shares worth PLN 50m changed hands. PKO BP and Pekao shed.

Among smaller companies, Tras Tychy and Swarzedz were advancing. Decora, interior products company, had a good IPO, shares gained nearly 5 percent.

 

(PLN 1 = EUR 0.247)

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Podpis: APA - Austria Presse Agentur

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