WSE indices manage to resist the downward trend

19-03-2008, 21:06

Warsaw (Puls Biznesu) – The scale of yesterday’s jump in the USA, the highest in five years, was due to several positive events which happened at the same time. Chances were small for continuation today.

That’s why the Warsaw indices opened down and were losing during the day. However, Morgan Stanley quarterly report which turned out to be better than anticipated, supported US markets, and in return, the WSE. WIG20 started to grow.


Pekao bank again paced the advances. The 20 share blue chips index would have grown much higher hadn’t it been for the other blue chips. KGHM copper producer was losing on strong decrease of copper prices. TP telecom was losing dragging the market down. Despite that, the WIG20 index ended 0.7 percent up. Small- and mid-caps generated similar growth. Remak was one of the best performers in this segment after the company had signed a good contract. The volume of trade in Warsaw was quite satisfactory. Shares worth PLN 1.6bn changed hands.

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Podpis: MG

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