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Cautious optimism hallmarks WSE for a second day

2008-10-02 00:00
publikacja
2008-10-02 00:00
Over the day the index rose by 2.5 percent, but optimism began to wane and the WIG20 closed up 1.24 percent and exceed the threshold of 2,400 points.

According to brokers, trade was dominated by foreign investors, but the market was also helped by arbitrage markets of CEE which were also stronger than West European bourses with the Hungarian BUX gaining 1.62 percent and Prague PX50, 2.5 percent.

"Maybe investors perceive these markets as safer, as the  global financial crisis is not directly concerning them," said Michał Jakubowski, broker with DI BRE.

Of the large companies KGHM gained 5 percent, Pekao SA 3.5 percent and Millennium 3.34 percent.

Source: Rzeczpospolita (M.M.)

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