Warsaw Stock Exchange bounces back shy of 20,000 pts after black Monday

After the erratic sell-off on Monday, which led to the flight of zl. 6.26 billion from the Warsaw Stock Exchange (WSE), stocks see-sawed on Tuesday staging a modest morning recovery. Spurred by an overnight fight back on Wall Street, the WIG index picked up by 700 points, however did not manage to attain the previous benchmark of 20,000 points. The hard-hit information technology sector companies registered very meager gains including ComputerLand 1.4% and Optimus 5%. Nevertheless, the WIG index still managed to jump by 5% thanks to Telekomunikacja Polska S.A. (TPSA), which controls 10% of all shares traded on the bourse. The end of fixing saw the primary market with zl. 21 million oversupply, which suggests that many investors who failed to sell their securities during the Monday's slump were trying to trade them now. (Prawo i Gospodarka, page 28, Gazeta Wyborcza, page 26) P.S.