WSE future still uncertain

MAG
opublikowano: 2008-04-10 21:05

Warsaw (Puls Biznesu) – The US markets were expected to stabilize. That’s why all European indices opened close to yesterday’s closings waiting for new data from the USA and decisions of the Bank of England and ECB. WIG20 index opened slightly down but it still traded above 3,000 points.

 

Before noon, however, the euro appreciation against dollar discouraged investors. When dollar is sold up, demand for commodities grows, and so do their prices. Growing oil prices resulted in decreases on the stock exchanges. The WIG20 dropped below 3,000 points. It ended 1.1 percent down. Only two blue chips resisted the downward trend, including GTC homebuilding company and TVN TV broadcaster. The biggest banks lost over 2 percent. Stock of Artman clothes company jumped over 30 percent after it said it had been acquired by LPP. Mostostal Eksport construction company grew nearly the same.

 

The volume of trade was very low and amounted to PLN 840m.