Bloomberg News

LPP, NG2, OTP Bank Shares: Central Europe Equity Preview

October 03, 2011

Oct. 4 (Bloomberg) -- The following is a list of companies whose shares may have unusual price changes in central European markets. Stock symbols are in parentheses after company names. Share prices are from the last close.

Poland’s WIG20 Index fell 1.9 percent, the Czech PX Index declined 1.7 percent and Hungary’s BUX Index lost 1.7 percent.

LPP SA (LPP PW): Poland’s largest publicly traded clothing retailer said that its September sales rose 14 percent from a year earlier to about 196 million zloty ($59 million). LPP declined 1.3 percent to 1,950 zloty.

NG2 SA (CCC PW): Poland’s biggest publicly traded shoe retailer reported that its revenue in September fell 14 percent from a year earlier to 103.2 million zloty. NG2 lost 0.2 percent to 42.3 zloty.

OTP Bank Nyrt. (OTP HB): The Hungarian Banking Association asked for a fast-track review from the country’s Constitutional Court of a law allowing the early repayment of foreign-currency mortgages at discount rates, the lobby group said in an e-mailed statement today. OTP, Hungary’s largest lender, declined 5.9 percent to 3,055 forint.

--Editors: Brendan Walsh, Glenn J. Kalinoski

To contact the reporter on this story: Maciej Martewicz in Warsaw at mmartewicz@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net


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