Sept. 29 (Bloomberg) -- Poland’s WIG20 Index rose 7.14, or 0.3 percent, to 2,188.73 at the 5:30 p.m. close in Warsaw, trimming this quarter’s decline to 22 percent.
The following are among the most active stocks on the Warsaw Stock Exchange today. Stock symbols follow company names.
PKO Bank Polski SA (PKO PW), Poland’s biggest bank, rose 1.07 zloty, or 3.3 percent, to 33.32 zloty. Bank Handlowy SA (BHW PW), majority-owned by Citigroup Inc., increased 1.5 zloty, or 2.2 percent, to 71.3 zloty and Getin Holding SA (GTN PW), controlled by billionaire Leszek Czarnecki, added 0.31 zloty, or 4.3 percent, to 7.52 zloty.
Financial shares led gains among European stocks as German lawmakers approved an expansion of the euro-area bailout fund.
Kredyt Bank SA (KRB PW), which KBC Groep NV is seeking to sell, closed at the highest level in almost three weeks, adding 0.48 zloty, or 3.9 percent, to 12.75 zloty. Banco Santander SA, which bought Bank Zachodni WBK SA of Poland from Allied Irish Banks Plc this year, is looking at other banks in the country, Chief Executive Officer Alfredo Saenz told investors in London. Kredyt Bank soared 6.8 percent yesterday after Gazeta Wyborcza reported Santander made a preliminary offer to buy the Polish bank from its Belgian owner.
Lubelski Wegiel Bogdanka SA (LWB PW) fell for a second day, losing 1 zloty, or 0.9 percent, to 105.9 zloty. Poland’s second- largest publicly traded coal producer was downgraded to “hold” from “buy” at Bank Zachodni WBK SA.
PKN Orlen SA (PKN PW), Poland’s biggest oil company, gained for a fourth day, climbing 0.25 zloty, or 0.7 percent, to 36.1 zloty. Grupa Lotos SA (LTS PW), the second-largest refiner, rose 1.05 zloty, or 4.2 percent, to 25.8 zloty. Oil rose as the U.S. government reported that the economy grew faster than previously estimated in the second quarter and German lawmakers approved an expanded European bailout fund.
--Editors: Linda Shen, Peter Branton
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