Morning share quotation on WSE suggest that investors are awaiting confirmation of end of corrections in the USA, before they brake serious technical resistance. Friday share price increases are a good sign of this, but American indexes reached critical levels. This week should gve the signal for the markets for a longer time.

Morning statistics of Monday listing on WSE confirm the scenario of waiting for the signal. The strongest segment of the market are lately medium companies, which within past two weeks gained over 5%. Also today WIG40 went up by 0.4per cent. Inter Cars gains around 2.5% on its value. After Friday's listing the Company announced sales results for January, and they turned out to be 26% better than a year ago. Additionally, Krzysztof Oleksowicz, Member of the Management Board and the main shareholder of Inter Cars, said in the interview with PAP, that he is hoping to keep a double figure growth of sales revenues in 2014 and also expects stabilization of company profitability.

source: www.stockwatch.pl
10-02-2014
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