European markets were growing today and it seemed in the morning that the WSE would follow the trend. However, suddenly, it dived 100 points and fell to the August low. Investors started to panic. Then, however, the 20 share blue chips index stopped falling. It ended 0.9 percent down at 3,424.54. mWIG40 and sWIG80 did better because they managed to rebound and end up.
Bioton insulin producer lost 10 percent on the news that new shares would be issued. Polnord construction company, which similarly to Bioton was founded by Ryszard Krauze, was among the best performers among blue chips with nearly 4 percent gain. Biggest blue chips, including TP telecom, PKO BP bank, PKN Orlen fuel giant and KGHM copper producer managed to end up. Pekao bank, however, lost as much as 5 percent and dragged down the WIG20 index.
WSE was doing much worse than its European peers.
It was losing as much as 3 percent during the day. There are no reasons for such
slump. Polish economy or foreign markets are no explanation. WIG20 has risen
only 1 percent in the last 12 months.