Stocks report: Rozłucki bows out on a high

The largest companies started declaring dividend amounts this week and this factor might be attracting investors. Pekao declared a dividend of zł.7.40 per share, a nice present for Unicredit, which has 52 percent of Pekao's shares. After copper prices broke above recent record prices, KGHM is also rising, targeting prices above zł.80 per share, the last record. KGHM shares were heavily sold-off a few weeks ago after the company showed growing costs and falling profit margins, despite record copper prices and a bull market on almost all the company's products, namely copper, gold, and silver.

Wiesław Rozłucki, the co-founder and CEO of the WSE for 15 years, announced his  resignation. The official reason remains unknown. Rozłucki survived in the post during several changes in the Treasury Ministry, which has a 99 percent share of the WSE.

After steering the exchange to a record net profit in 2005, Rozłucki leaves the WSE in excellent condition, with indexes near historical highs, a slew of IPO's and a flourishing derivatives market.

Adam Łaganowski,
WGI Dom Maklerski