WSE ends down, further decreases possible

opublikowano: 09-06-2008, 20:42

Warsaw (Puls Biznesu) – Main Warsaw Stock Exchange indices dropped in the afternoon. Analysts expect it will soon turn out if the WIG20 index falls bellow 2,750-2,800 points, which is a more probable scenario, or if it rebounds.

Today, the Warsaw indices fell following the trend on the US markets which closed 3 percent down on Friday. Analysts believe that there are numerous reasons adversely affecting the Polish stock market, including huge funds withdrawn from investment funds or a prospective of worse financial results in the second and third quarter. Foreign capital is not flowing into Poland due to strong zloty. That’s why the WIG20 index may fall below 2,750-2,800 points and drop even deeper to 2,500-2,600 points.

Today, the WIG20 index shed 1.81 percent to 2,812.83 points. WIG lost 1.72 percent to 45,029.57 points. The volume of trade exceeded PLN 750m.

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