Stocks report: Euro 2012 boosts WSE

The announcement came as a great surprise, and investors, who did not attach significant probability to Poland's chances of winning the bid, immediately pushed stocks higher.

The unquestionable leader of the week was the construction sector, which is expected to gain the most from the required sports facilities and transport infrastructure investments. The WIG's construction stocks surged over nine percent late in the week. The brightest spots in that sector were Budimex, Mostostal Warszawa and Mostostal Zabrze which soared on average 50 percent.

There were few stocks that ended the week in negative territory. One of the laggards was Hutmen, whose shares tumbled 15 percent over the week after the company reported that its subsidiary lost over zł.50 million on selling short copper futures.

In summary, Poland not only won on the hosting of the UEFA European Football Championship, but also a great boost for the Polish economy, because besides acceleration of new investments, the country should experience many positive spill-over effects.

Michal Cichosz, analyst DM BZ WBK SA