However, having reached this level, the index remained unchanged for many hours. The situation changed after US macro data had been published. The data were neutral but foreign indices slightly fell which caused panic in Warsaw. The 20 share blue chips index dived close to 2,900 points. Meanwhile, oil prices were falling, a good sign for worldwide stock exchanges.
The WIG20 index ended 0.9 percent down while the volume of trade amounted to
PLN 1.7bn. Pekao bank was doing well, so was TP telecom which was rising on
higher recommendation from Morgan Stanley after it had announced a plan aimed at
stopping sales drop. KGHM copper producer lost over 4 percent on falling
commodity prices. Petrolinvest oil company rebounded slightly after yesterday’s
dive. Agora media group and Cersanit tile producer were among the worst
performers with losses of over 6 percent.