WSE ends slightly changed

11-08-2008, 21:03

Investors did not wake up after the weekend. The volume of trade amounted to PLN 730m for the lowest level since June 23rd. The WIG20 index ended nearly unchanged.

The 20 share blue chips index added 0.85 percent to 2,631.23 points on Monday. Banks paced the advances including BZ WBK and PKO BP. PKN Orlen fuel giant rose for the first time in three days. On Wednesday, the company publishes its second quarter results. Despite further decreases of copper prices, KGHM rebounded slightly. Cersanit tile producer gained on the news it would launch sales of its products from its Ukrainian plant within a month.

Among small and mid-caps, the market was slightly worse. Orco Property Group jumped 3.4 percent after it had added 0.6 percent on Friday. The homebuilding company said it would sell some of its assets worth over EUR 200m. Kruk jewelry producers added 6.9 percent, Vistula clothes distributor added 2.3 percent while Alma retailer rose 4.1 percent. Kompap added over 3 percent on the news that its CEO had bought 11,500 shares. Eurocash continued the upward trend after DI BRE had raised its recommendation to ‘buy’ with PLN 14 of target prices. Today, the stock closed at PLN 10.8.

© ℗
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