Bloomberg News

Polish Stocks: Budimex, KGHM, Lotos, Pekao, PKN, PKO Bank, TVN

October 05, 2011

Oct. 5 (Bloomberg) -- Poland’s WIG20 Index increased 55.03, or 2.6 percent, to 2,144.87 at the 5:30 p.m. close in Warsaw, rebounding from the lowest level in more than two years.

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 for the first time in four days, climbing 1.1 zloty, or 3.5 percent, to 32.29 zloty. Bank Pekao SA (PEO PW), majority-owned by UniCredit SpA, increased 5.4 zloty, or 4.1 percent, to 136.5 zloty and Getin Holding SA (GTN PW), controlled by billionaire Leszek Czarnecki, rose 0.37 zloty, or 5.3 percent, to 7.3 zloty.

Financial shares climbed across Europe amid speculation policy makers are examining measures to shield banks from Europe’s sovereign-debt crisis.

Budimex SA (BDX PW) rose for the first time this week, adding 0.95 zloty, or 1.3 percent, to 72.5 zloty. Poland’s biggest construction company signed a deal to build a road for 689.2 million zloty ($209 million).

KGHM Polska Miedz SA (KGH PW), the copper producer with the biggest European mine output, jumped 3.9 zloty, or 3.3 percent, to 121.4 zloty, rebounding from a one-year low. PKN Orlen SA (PKN PW), Poland’s biggest oil company, gained 1.57 zloty, or 4.6 percent, to 35.55 zloty and Grupa Lotos SA (LTS PW), the second-largest refiner, added 0.3 zloty, or 1.3 percent, to 23 zloty.

Commodities rebounded from the lowest level in 10 months after Federal Reserve Chairman Ben S. Bernanke said the central bank may take further steps to sustain an economic recovery.

Pol-Aqua SA (PQA PW) gained 0.28 zloty, or 3.7 percent, to 7.78 zloty, its first daily advance in five days. The construction company and its majority owner Grupo Dragados SA signed a deal to build a road for 446.8 million zloty.

TVN SA (TVN PW), Poland’s biggest television network, rose 0.69 zloty, or 4.8 percent, to 15.18 zloty, the highest close in two months. Vivendi SA may choose Telekomunikacja Polska SA, the Polish unit of France Telecom SA, as its partner in a bid for TVN, the Rzeczpospolita newspaper reported.

Telekomunikacja (TPS PW) fell for a third day, losing 0.38 zloty, or 2.2 percent, to 16.86 zloty.

--Editors: Wojciech Moskwa, Linda Shen

To contact the reporter on this story: Pawel Kozlowski in Warsaw pkozlowski@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net


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