Experienced investors decided to take advantage of low stock prices. They focused on the giants. KGHM copper producer jumper 8.1 percent helped by Adam Laganowski, the company chairman who said that the dividend may be twice bigger than PLN 7 a share expected by the management.
Deutsche Bank sustained its ‘buy’ recommendation for the company with PLN 130 as target price. Today, the stock close nearly 40 percent lower at PLN 93.5. PKN Orlen was the second pillar of today’s growths. Oil prices increasing due to sharp fall of inventories in the USA was the reason for PKN Orlen to end 4.6 percent up at PLN 46. The stock has rebounded 13 percent since its Monday low. The biggest banks joined the upward trend, including PKO BP and Pekao which today dragged the market down. GTC rose 8.1 percent to PLN 49.4. In the last two days, it has rebounded 12.4 percent.