WSE ends down, the market waits for interest rate decision

opublikowano: 26-11-2007, 22:19

Warsaw (Puls Biznesu) – Majority of WIG20 shares listed ended down despite growing Western European markets. Analysts believe that further developments will depend on Wednesday decision of the Monetary Policy Council concerning interest rates.

Today, the WIG20 index dropped 1.59 points to 3,505.48 points while WIG lost 1.26 percent to 55,385.73 points. Shares worth PLN 1.7bn changed hands.

The majority of blue chips were falling on Monday. In the morning, the Warsaw Stock Exchange opened up on good Friday session in the USA and positive developments in Asia. Then, despite advances in Western Europe, WSE shares started to fall. Investors expect interest rate increase during MPC meeting on Wednesday. If the council raises rates by 0.5 percentage point, the indices may fall even deeper with WIG20 falling below 3,500 points.

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