TP SA share sale shocker sends traders into stock selling panic

This led to fears that the stake, worth some zł.900 million, would be floated on the stock exchange, which resulted in investors rushing to sell their shares in the firm. As a consequence, TP SA's shares fell by 1.8% and were being traded at zł.16 a piece. The downward movement, though, is not expected to assume large proportions. Indeed, Krzysztof Kaczmarczyk, an analyst at DB Securities, expressed his opinion that the potential open sale could have a positive effect as it may finally lead to market valuation of TP SA as opposed to a political one. The Ministry of the Treasury, however, denies there is any truth in the rumors.(Parkiet p.1) M.G.