WSE: European bulls get support from the USA

APA - Austria Presse Agentur
25-05-2006, 20:10

Warsaw (Puls Biznesu) – The Warsaw Stock Exchange ended up on Thursday, in line with this weeks pattern: after Monday losses, the market rebounded on Tuesday and fell on Wednesday. It was thanks to the U.S. macro data that all European indices noted substantial increases.

Warsaw (Puls Biznesu) – The Warsaw Stock Exchange ended up on Thursday, in line with this weeks pattern: after Monday losses, the market rebounded on Tuesday and fell on Wednesday. It was thanks to the U.S. macro data that all European indices noted substantial increases.

 

KGHM copper producer paced the advances. The stock ended 2 percent higher at PLN 102.5. TP telecom and Pekao bank rebounded after big losses suffered before. Good recommendations for KGHM, Lotos fuel firm, MOL fuel company, Prokom IT firm and GTC developer were helping the advances.

 

Bioton insulin producer fell for the fourth consecutive day. Today it lost 4.3 percent. Since its height of PLN 37 as of May 19, the stock has dived over 22 percent. The company may soon rebound, however, especially that its management has an idea for a profitable business. After first quarter results, which were a success, the management promises more. Boryszew did not rise along with the other blue chips. However, it has been falling deeply in the recent days. Since May 12, the stock has lost 19 percent. The management decided not to pay out dividend for 2005.

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Podpis: APA - Austria Presse Agentur

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Inne / WSE: European bulls get support from the USA