WSE should not fall further this week

23-06-2008, 20:09

Warsaw (Puls Biznesu) – After the market fell on Monday, analysts expect it will remain stabile for the rest of the week. The WIG20 index should not fall below 2,625 points in the near future.

The market opened high today but then the WIG20 index followed main European stock exchanges. They were falling on bad news from Ifo institute and PMI data for the euro zone. Then, all European markets rebounded. German DAX and Frencz CAC40 managed to make up their morning losses. The WSE dropped below 2,670 points.

The 20 share blue chips index ended 1.97 percent down at 2,633.97 points. WIG shed 1.66 percent to 42,272.15 points. Shares worth only PLN 0.7bn changed hands.

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Puls Inwestora / WSE should not fall further this week