Conflicting reports about the possible involvement
PZU rescue bankrupt coal mines rocked share price
insurer and led to severe disruption in execution WIG and WIG
20.
Listed bomb dropped on the market at 11:00 am, when the agency
Bloomberg said the rumor, supposedly
PZU had to buy shares in the emerging New Coal Company – a new company
association of “promising”, although not very profitable coal mines
coal. Such information immediately zdołowała course PZU, which quotes
fell more than 3%.
PZU reacted only after five hours and just before
16:00 denied reports Bloomberg. “With regard to emerging
in the media information about the planned financial commitment PZU Group in New
Coal Company as a shareholder
we would like to inform you that
we are interested in such an investment “- wrote
PZU spokesman. This disclaimer does not preclude participation in the resuscitation of mining
through the purchase of bonds.
But the company has helped some losses. Finally, PZU shares
Friday ended a decrease of 2.4%. Also fared poorly coal companies: JSW rate fell by 1.7%, and
Bogdanka by 1.9%. Generally WIG20, losing 0.14%, was one of the weaker indices
in Europe.
On the floors of the Old Continent prevailed green.
… The stock market’s biggest gainers in Athens, where the ATHEX Composite went up by
3.4%. It was so strange that the talks
Greece Eurogroup ended with a complete and totally niedyplomatycznym
fiasco. This means that in the coming weeks Greece rather not have
chance of 7.2 billion euros from eurozone taxpayers. Such a development would increase
Hellas insolvency chances and possibly leave the eurozone.
However, investors prefer to focus on the positive
information, among which the most important was greater
than expected rise in the IFO index. Growing IFO indicates improvement
economic situation in Germany, which is Europe’s largest economy.
Optimism reigned also across the Atlantic, where Nasdaq
after opening gained 0.7%, setting a new record .
Christopher Kolany
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