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LPP retailer jumps to 6 month high

TAG'S: LPP, Retail Trade

Listed fashion retailer LPP moved to being the most-traded stock on the Warsaw Stock Exchange on Monday after a series of large transactions late in the session.

LPP session turnover jumped from almost PLN 11.5 mln to nearly PLN 60 mln after a series of high-volume transactions (up to 3k shares at a time), all concluded at the price of PLN 6k per share. The company ended the Monday session with a turnover of PLN 77.3 mln.

LPP closed up by 4.44% to PLN 6,000, a six-month high, and was the second-best performing stock in the WIG20 index after Enea power.

2016-10-25



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