Bioton ends trade in the red, again

Shares in Polish insulin maker Bioton have fallen 10.34 percent at the end of Wednesday's trade, continuing the drop from Tuesday to an all-time low of zł.0.26 after the company reported disappointing Q3 results. Mid-day, stock in the company had fallen as much as 11.4 percent. In Tuesday's trade, the company lost 9.4 percent.

The company has reported a loss of zł.19 million compared to a zł.10 million gain just a year ago, representing a 24 percent drop in sales. "We don't really know what's the cause to the company's poor results," Vladimir Urbankov, an analyst at Erste told Reuters. "Everyone expected gains, but the loss in the third quarter was huge."

Meanwhile, WIG20 has ended trading on a positive note gaining 2.03 percent.  

Source: Reuters, TVN CNBC