Stocks report: Reports fuel gains

All WSE stock indices went up, and the Midwig, as well as the overall WIG index, managed to set new all-time highs.

The best performing sectors were media and construction, and telecoms gained the least. The main topics among investors were the financial reports for Q4 2006, as well as macroeconomic news. Several companies did manage to surprise investors with their figures, which was rewarded with a positive reaction from the market. Dwory and TVN delivered particularly strong numbers, and their shares gained 21 percent and 9.7 percent respectively on the week.

KGHM was sharply up, due to higher copper prices as well as dividend payout talk. The chairman of the firm's supervisory board expects 50 percent of the net profit will be transferred to its shareholders, and this significantly helped to boost the stock.

Bioton was also strongly up, as it reported its subsidiary's sale of insulin to its Russian partner for zł.29.9 million.

TP was also in the news, as the telecom watchdog imposed a zł.330 million fine on the company. Analysts expect TP to appeal this fine, but the news still had a negative impact on the stock at the end of the week.

Tomasz Jerzyk,

technical analyst DM BZ WBK SA