Stock investors in Poland slow down before the long weekend

Stock investors in Poland slow down before the long weekend

The WIG20 index rebounded 0.83 percent on Friday and ended the week above last week’s level despite Thursday falls.

Within last week, the 20 share blue chips index grew 0.24 percent to 3,193.27 points. Today, shares of blue chips worth PLN 783m changed hands, including PLN 262 of KGHM stock. A day ago it was PLN 1.23 billion. The decrease was widely expected before the long weekend in Poland with Monday and Wednesday with the stock exchange closed.

KGHM copper producer rebounded half of yesterday’s loss and ended 3.7 percent up at PLN 112.5. Grupa Kety grew 5.3 percent to PLN 140. Fuel companies Lotos and PKN Orlen as well as PKO BP bank rebounded after yesterday’s losses. Pekao bank and Bioton insulin producer continued their decrease. Skotan was the best performer in the last week – the stock has gained 85 percent after the company said it would build its bio diesel plants in Torun and near Krakow.

Out of small caps, Drozapol was the best performer with 6.6 percent jump. The company expects to raise its sales to PLN 400m and net income to PLN 12-16m within two years.

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