Warsaw (Puls Biznesu) – Today, the WIG20 index rose 2.2 percent to 2,507.41 points, its new all-time record. Another record was set, too – the maximum level of daily trading amounts to 2,512.59. For the last 5.5 years, it has been 2,510.50 points.
Foreign funds were active today. Macro data was not very promising: yesterday, the central statistical office GUS published PPI data in August – it rose 4.6 percent, fewer than expected. The results of parliamentary and presidential elections have already been discounted by the market. Until clashes between the future coalition parties start, one may expect rising trend in the stock market.
Shares of blue chips worth PLN 1.16 billion (298.1m) changed hands. 70 percent of that was due to four companies. TP telecom gained 4.8 percent after Merrill Lynch evaluated its shares at PLN 30.50 and recommended them to “buy”. PKO BP bank was doing very well, too. Pekao bank and PKN Orlen fuel giant added over 2 percent each. TVN media group rose 3.6 percent.
Among small and medium-sized companies, Swarzedz furniture producer jumped 21.2 percent. Investors are awaiting the issue to be conducted in October. Two steel distributors, Drozapol-Profil and Stalprofil are advancing. The first company said on Friday it had signed three agreements worth USD 2.3m. Polmos Lublin vodka producer stopped losses. After the company had shed over 30 percent due to weak first half results, clashes between employees and management and results revision to be made next month, on Friday and today shares rose nearly 10 percent.
(PLN 1 = EUR 0.257)