Higher rating for Poland saves bulls on the Warsaw Stock Exchange

Warsaw (Puls Biznesu) – After three days of losses, Warsaw indices rose to new records on two news.

Standard & Poor’s raised its rating for Poland which boosted the currency, bond and stock markets. In addition, the USA fourth GDP data were revised up. WIG20 gained 2 percent to 3,511.06 points and is just 38.27 points below its all-time record. WIG rose to its new record of 57,283.19 points. sWIG80 exceeded the 17,000 level for the first time in history. mWIG40 exceeded 4,700 points. Shares worth PLN 2.3 billion changed hands, including only PLN 862m generated by blue chips.

Banks paced the advances. WIG-Bank, their index added 2.6 percent. BRE Bank rose 3.4 percent to PLN 467. PKO BP grew 3.3 percent while shares worth PLN 96m changed hands. MOL fuel company fell 0.7 percent to PLN 324.8. PGNiG gas monopoly was one of two blue chips which did not gain on Thursday. The stock ended unchanged at PLN 4.22.
Source:pulsbiznesu.pl