KNF is investigating this case. Just after 3 p.m. the 20 share blue chips index was losing 1 percent. It was adversely affected by news from the KNF concerning potential losses of Polish firms caused by currency hedging. KNF believes the losses may amount to PLN 5.5bnb, including 10-15 percent of this amount for Polish financial institutions.
PKO BP lost 6.5 percent while Pekao dived 6.7 percent. KGHM copper producer shed 8.5 percent for the worst performance among blue chips. Copper price decreased to its lowest level in over four years.
Among small and mid-caps, NFI Midas investment fund was among the best
performers with 7.8 percent increase. The fund connected with Roman Karkosik
investor grew on the news its company Centernet had signed contract with Comarch
to implement a client service system worth PLN 30m.