Stocks report: WIG20 comes out fighting

Record-beating copper prices caused KGHM's stock price to skyrocket. KGHM, which currently costs zł.52.50 a share - a company record - should gain even further as it has a really good profits outlook for the last quarter.

The sale of telecommunication assets belonging to Dialog and Polkomtel can also increase the temperature and hopes for huge dividends next year. On the other side, the falling price of crude didn't negatively influence PKN Orlen's stock price. PKN experienced profit taking after Q3 results, which were excellent and rebounded thereafter.

The WIG20 will have two new members from December. Gas company PGNiG and biotech firm Bioton will replace Cersanit and Computerland. The two new members may increase the index's volatility. Bioton, whose price can fluctuate by up to 20 percent in a week, will surely bring more dynamic to the WIG20. PGNiG, which sold in its IPO for zł.2.98 and debuted at zł.4, stopped falling at zł.3.13. The company lost its CEO last week, but a change in sentiment for oil could easily bring the stock back to zł.4.

Adam Łaganowski,

Warsaw Investment Group (WGI)