Investors trading on the WSE were discouraged by the news that investment
fund clients had withdrawn PLN 7bn in October, the highest level since January.
Banks were adversely affected by lower rating for Pekao from Moody’s, which
dragged down PKO BP as well. KGHM copper producer and PKN Orlen fuel giant were
falling as well. The only blue chips which ended down was Agora media group.
Bioton insulin producer was the worst performer on the news that its CEO had
sold the shares.
WSE ends in the red
Warsaw (Puls Biznesu) – The WIG20 index dived 4.4 percent despite the decision from the Bank of England to cut interest rates higher than in the last 27 years and rate cuts by the ECB.