KNF investigates suspicious end of trade dealing
Near the end of trade on Wednesday, the WIG20 had fallen 9 percent. However, several minutes later the index rebound 5 percent. Warsaw brokers say that the new purchase orders appeared quite suddenly and concerned several major companies which usually have a huge influence over the WIG20 index. Small investors were shocked. "This is a scandal," they say.
Those on the futures market could have lost even half of their investment portfolio. The KNF has identified the institution which caused huge fluctuations in share prices and the Commission is now contacting its counterpart in the country of the foreign entity which made the zł.100 million order.
Warsaw Stock Exchange president Ludwik Sobolewski said in an interview that "We were dealing with a specific situation, but nothing extraordinary".
Sources: Puls Biznesu, Polish Radio (A.K.)
Those on the futures market could have lost even half of their investment portfolio. The KNF has identified the institution which caused huge fluctuations in share prices and the Commission is now contacting its counterpart in the country of the foreign entity which made the zł.100 million order.
Warsaw Stock Exchange president Ludwik Sobolewski said in an interview that "We were dealing with a specific situation, but nothing extraordinary".
Sources: Puls Biznesu, Polish Radio (A.K.)
