Warsaw (Puls Biznesu) – Today, investors in the Warsaw Stock Exchange got nervous. The group of optimists is still big but pessimistic investors are getting more and more numerous. In the morning, the record level reached on January 6th was approached however not beaten. Disappointment caused quick and deep decrease of 30 points. In the afternoon, investors calmed down and the WIG20 index ended nearly unchanged at 2,831.09, or 0.15 percent lower. The foreign exchange market and stock markets in Europe and Asia adversely affected the WSE. Zloty lost while Euroland’s most important markets noted about 1 percent each. Trading in New York started with falls. To the top of it all, oil prices jumped to their three month maximum. It may have negative influence on the Warsaw market.
Today, PKN Orlen fuel giant attracted most attention. Shares worth PLN 204m (EUR 53.4m) changed hands. They lost 1.2 percent to PLN 63.9. Since its recent height as of January 9th, PKN Orlen has shed 7.8 percent. Citigroup has recently lowered its recommendation for the company to “sell” from “keep”. Big investors fallow the advice despite oil prices. However, Grupa Lotos, another fuel company, added 3.6 percent to PLN 51.6. KGHM copper producer keeps growing despite small copper price falls in Shanghai and London. Shares were only PLN 0.2 below their all time record reached on January 6th.
Contrary to blue chips, medium and small capitalization companies continue growth. MIDWIG beat its record by 0.3 percent, WIRR by 1.2 percent. Simple continued crazy growth rate without any reasons other than speculative capital. So did Kompas, Strzelec and Sanwil.
(PLN 1 = EUR 0.262)