NewConnect enjoys a spectacular first day of trade

Virtual Vision rocketed 675% to zł.0.31, while Viaguara went up 317%. Turnover on the whole market exceeded zł.20 million after just one hour of trading. Other companies that are due to be listed on NewConnect within one month are MW Trade, Mera Schody, AS-Bau and Stark Development. "The total value of share issues to be placed on NewConnect will amount zł.30 million within one month," said Wojciech Gudaszewski from WDM. NewConnect is a separate market for small, but innovative companies with huge growth potential. NewConnect is designed to provide financing at early stage of development. "We will closely watch the functioning of the new market. The nature of this platform increases our tolerance to high fluctuations in share prices, if they stem from regular market transactions," said Stanisław Kluza, chairman of the Financial Supervision Commission (KNF). (Rzeczpospolita, pp. B1, B3; Parkiet, pp. 1, 11; Puls Biznesu, pp. 1, 30-31) M.M.