WSE slightly down, investors calmly watch zloty depreciation

APA - Austria Presse Agentur
opublikowano: 22-02-2006, 19:23

Warsaw (Puls Biznesu) – Wednesday was the second day of rest after two-day red-hot streak of blue chips when they gained over 5 percent. Violent changes in the exchange rate market did not influence the WSE.

Warsaw (Puls Biznesu) – Wednesday was the second day of rest after two-day red-hot streak of blue chips when they gained over 5 percent. Violent changes in the exchange rate market did not influence the WSE.

The WIG20 index ended 0.06 percent down while the volume of trade rose 20 percent against Tuesday. The Polish currency zloty was losing about PLN 0.03 against euro and U.S. dollar in the morning. In the afternoon, however, the currency rebounded.

WSE may also come back to rising streak, analysts believe. Next Tuesday, the Monetary Policy Council holds its meeting. Investors may discount this week the possible interest rate cut.

Among blue chips, Agora media group attracted most trade: shares worth PLN 85m changed hands and jumped 4.85 percent to PLN 54. Shareholders welcomed the news that the company would stop its recent project: the daily “Nowy Dzien” which failed to make success. Bank Zachodni WBK was the biggest drag on the WIG20 index. The bank fell 3.5 percent to PLN 166.5. The company had PLN 103.54m of consolidated net income, lower than analysts’ forecasts of PLN 127.37m.

Among mid caps, Zelmer home appliances producer jumped 13.9 percent to PLN 28.6. The company published its forecast providing for consolidated net income of PLN 31.8m of consolidated net income and PLN 341.1m of sales this year.

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Podpis: APA - Austria Presse Agentur

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