Warsaw (Puls Biznesu) – After losses generated by WIG20 today, the scenario for the upcoming days is pessimistic.
Today, the 20 share blue chips index ended down. On Monday, it rebounded after poor opening. On Tuesday, it was falling after a strong opening. However, on both days, shares ending down generated more trade than these ending up. Today, the WIG20 index was losing all day long. The WIG20 index ended at 3,148.68 points, or 1.56 percent lower. The further levels, the index may fall to are 3,070-3,100 points. Then, the psychological level of 3,000 will be tested.
Good news is that the situation was even worse in May 2006. The WIG20 index lost over 25 percent within six weeks. However, it rose to new records at the end of last year. So far, the index has lost 8.2 percent. Banks ant TP telecom dragged the market down. The fact that KGHM copper producer added 2.4 percent did not change the situation.