The WIG20 opened slightly up today but then started to dive very deeply. Even good September retail sales data did not support the market. At noon, the WIG20 index was again one of the worst performers in Europe and traded minus 7 percent. Investors are not interested in buying, pension funds don’t care for stock because further decreases don’t influence their evaluation that much now while investment funds see their clients withdraw money.
Today, banks were again among the worst performers despite the fact that their CEOs assure that the system is sound. Getin Holding which has given PLN 9bn mortgage loans continued its downward trend. BRE Bank and Polimex construction company were the worst blue chips. CEZ and PGNiG were the only blue chips to end up.
The WIG20 index dropped 3.94 percent to 1,617.31 points.