BACA has excellent first day on WSE

Shares of Bank Austria Creditanstalt (BA CA) rose as much as 11% to reach zł. 160 upon the opening of Tuesday's session after becoming the first foreign company listed on the Warsaw Stock Exchange (WSE). The session closed at zł. 153, a 6.25% increase in price in Warsaw and reaching 3% more in value than shares in Vienna, where the company has been listed for over three months. "The BA CA share price has reached a historical maximum on both exchanges, that must be recognized as a very effective debut. But only when BA CA shares enter the indexes, is when we will be able to tell what are the investors' demands," says Andrzej Powierża, analyst at DI BRE Bank. It is hard to say how long the share price will be higher in Warsaw than that in Vienna. During yesterday's day of trading, the value of turnover of shares reached zł. 50 million, and 160,000 shares changed hands in over 1,000 transactions. (Parkiet, p. 1; Puls Biznesu, pp. 1, 4) A.K.