WSE ends down but the volume of trade is low

APA - Austria Presse Agentur
30-05-2006, 18:07

Despite falls in the Warsaw Stock Exchange, the volume of trade was not big enough to indicate any trend.

Despite falls in the Warsaw Stock Exchange, the volume of trade was not big enough to indicate any trend.

Shares worth below PLN 1 billion changed hands today, which is a clear sign that the market trend will be set later. It may be tomorrow when the U.S. Fed publishes its minutes concerning the last meeting. If inflationary worries keep, emerging markets face another wave of capital outflow.

The WIG20 opened 1.02 percent lower. It ended the day at 2,827.39, or 1.41 percent lower. Commodity companies and Bioton insulin producer attracted most trade, joined by TP telecom in the second half of the day. Banks were weak for another day. Prokom IT company is falling to PLN 120. TVN TV group managed to end the day 0.5 percent down but during the day they were losing even 8 percent after it had said it would acquire Grupa Onet, another company from Grupa ITI the television belongs to. Grupa Onet on the other hand jumped 14.5 percent.

Among small and medium-sized companies, Elektrim attracted one tenth of the whole volume of trade noted today on the WSE. Yesterday the London arbitrary court decided to announce partial decision in the Vivendi vs. Elektrim case. Shares jumped 22 percent. Today, the stock fell 6.5 percent. After the closing bell, it turned out that Elektrim will be registered as PTC owner in the court register with a delay.

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Podpis: APA - Austria Presse Agentur

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Inne / WSE ends down but the volume of trade is low