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WSE Rolls with the Punches and Fights Back.
(From Polish News Bulletin)
When on Monday the sharp slumps on European markets were followed by news of rejection of the Paulson plan by the US Congress and panic on Wall Street, most analysts predicted that on the following day the panic would hit bourses all over the world. Fortunately, this scenario did not unfold, with the outcome of the Tuesday WSE session being surprisingly positive. While initially the WIG20 blue chips index went down, it then started to move in the opposite direction thanks to the arrival of opportunists, who began the hunt for attractively priced shares. Later in the day, the rises were strengthened by growing hope of the Paulson plan receiving a second chance.
The WIG all-share index rose 1.39 percent and closed at 37,367.33 points, while the WIG20 blue chips ...
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