WSE: Big investors pump up the market in the eleventh hour

APA - Austria Presse Agentur
opublikowano: 16-12-2005, 21:21

Warsaw (Puls Biznesu) – Till 3.00 p.m. the Warsaw Stock Exchange was noting a minute loss. Today, however, December futures expired, and their owners wanted the indices to rise. There is no problem with that for big investors in the Polish, shallow market. Within one minute, WIG20 rose to over 0.6 percent. It ended 0.48 percent up at 2,596.16 points.

Warsaw (Puls Biznesu) – Till 3.00 p.m. the Warsaw Stock Exchange was noting a minute loss. Today, however, December futures expired, and their owners wanted the indices to rise. There is no problem with that for big investors in the Polish, shallow market. Within one minute, WIG20 rose to over 0.6 percent. It ended 0.48 percent up at 2,596.16 points.

Pekao bank and KGHM copper producer were the main actors. The bank added 1.4 percent while KGHM 2.3 percent. BZ WBK also rose, similarly to Kety and Orbis.

Among smaller companies, Skotan continued rises and jumped 16 percent. Sodid Suwary. Warta added 15 percent after KBC group said it would buy out the remaining shareholders of the insurer. There are similar plans for Kredyt Bank, which also reacted in share price increase. Today, KBC Bank controls 85.53 votes of Kredyt Bank.

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Podpis: APA - Austria Presse Agentur

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