On the news about Fannie Mae and Freddie Mac, the 20 share blue chips index opened 60 points higher. Then, the banks paced the advances of the WIG20 index. BRE Bank jumped nearly 7 percent for the best performer, followed by BZ WBK which grew 6 percent. KGHM copper producer rebounded after it had dropped 8 percent on Friday. Deutsche Bank raised its recommendation for the company from ‘sell’ to ‘keep. KGHM rose 0.2 percent.
Among mid caps, Kopex mining equipment producer jumped 10 percent on the news
it will build a plant in China and that it is going to take part in MD works.
Petrolinvest oil company rebounded 4.7 percent on its statement precisely
informing when it will produce its first oil barrel. Vistula clothes producer
added 4.1 percent.