Business, Investments properties in Poland
Greek election results did not prompt investors to buy shares
Victory in the repeated elections to the Greek Parliament the center-right New Democracy met with optimism among players investing on the Warsaw Stock Exchange. This optimism was short-lived. WIG20 started the day from 1.15 percent of growth. It quickly became clear that the election of Greek elections is not enough that the Warsaw Stock Exchange indices continued their upward march. With every hour of trade demand was becoming less and less active. In the afternoon, the indicator of the 20 largest companies of our trading pit began to lose its value. As a result it was below the line by the end of trading. Finally WIG20 ended the day 0.2 percent below the line. Others Polish indexes managed very well. mWIG40 gained 0.35 percent and the index of small companies, sWIG80 0.3 percent.
The nervous atmosphere on the market returned again. Attention of investors focused on Spain once again. Profitability of ten-year Spanish securities rose to 7.2 percent. People are talking more and more about the problems of the Italians. Profitability of ten-year Italian securities jumped again above 6 percent. A large increase in the profitability of Spanish bonds confirmed that solving the problems of the euro area is still a very long way.
Problems in Spain and Italy are no concern to the investors in Athens. During the day, the local stock market index after the results of parliamentary elections grew even more than 5 percent. However it gained a little over 3.6 percent. It was such great optimism which was not in other markets. The German DAX for a few minutes before the closing quotation gained 0.1 percent while the French CAC40 lost 0.8 percent. A nearly 3 percent shares have been overestimated in Madrid.
Concerns about the future of Spain also affected the foreign exchange market. Despite the quiet beginning of the day, in the afternoon zloty began to lose against major currencies. U.S. dollar was valuated at 3.40 or nearly 1 percent more than on Friday. Euro got more expensive by 0.4 percent. to 4.27 PLN.
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