Warsaw (Puls Biznesu) – The WSE opened substantially down following Asian markets disturbed by yesterday’s decrease in the USA.
Warsaw indices opened 2 percent down and started to fall deeper in the morning. WIG20 index was trading at 2,860 points after it had shed 4 percent yesterday. The discrepancy between WSE and its European peers which were much calmer was growing. Fortunately, the market rebounded. The WIG20 index ended slightly up. Bioton insulin producer was the best performer among blue chips. Polnord construction company rose over 3 percent. BRE bank was doing quite well after its mortgage unit published results above expectations. TP telecom and biggest banks disappointed. Agora media group was the worst performer on December sales decrease of its Gazeta Wyborcza daily. Barlinek wooden floor producer which said it would acquire a Romanian rival, was growing.