The volume of trade was low and slightly exceeded PLN 1bn. Blue chips were traded actively while prices of smaller companies changed only slightly. The sWIG80 ended unchanged. In the morning, it seemed that the rebound would continue. The 20 share blue chips index exceeded above 2,900 points. Then, however, investors started to sell their stock on the news that US Thornburg Mortgage, a big mortgage loaner, went bankrupt. Even labor data from the US market which were better than anticipated and good results presented by Wal-Mart did not make up for it.
High oil and copper prices did not support stock of
KGHM, PKN Orlen and Lotos. All these companies ended down. It was especially
surprising for the copper producer which yesterday said it would pay out a
dividend of PLN 5.5 per share. Pekao bank which yesterday had jumped 9 percent
today was losing heavily. BRE bank was falling for another consecutive day on
the news that its CEO had been dismissed.