Oct. 6 (Bloomberg) -- Poland’s WIG20 Index advanced for a second day, adding 32.34, or 1.5 percent, to 2,177.21 at 1:44 p.m. in Warsaw.
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 0.52 zloty, or 1.6 percent, to 32.81 zloty, its second day of gains. PZU SA (PZU PW), the country’s largest insurer, climbed 4 zloty, or 1.3 percent, to 304 zloty. Getin Holding SA (GTN PW), the financial-services group controlled by billionaire Leszek Czarnecki, rose 0.19 zloty, or 2.6 percent, to 7.49 zloty.
Financial shares extended gains in Europe on continuing speculation that Europe’s leaders will reach an agreement to contain the sovereign-debt crisis.
KGHM Polska Miedz SA (KGH PW), the copper producer with the biggest European mine output, jumped 5 zloty, or 4.1 percent, to 126.4 zloty, extending yesterday’s 3.3 percent increase. Copper advanced as better-than-expected U.S. economic data and speculation that Europe will contain the region’s debt crisis boosted demand for industrial metals.
PKN Orlen SA (PKN PW), Poland’s biggest oil company, gained 0.09 zloty, or 0.3 percent, to 35.64 zloty and Grupa Lotos SA (LTS PW), the second-largest refiner, climbed 0.11 zloty, or 0.5 percent, to 23.11 zloty. Oil rose as investors bet that shrinking crude stockpiles and signs of economic recovery indicate more demand for fuel.
TVN SA (TVN PW) rose 0.22 zloty, or 1.5 percent, to 15.4 zloty, heading for the highest close in two months. ITI Holdings SA will next week pick one bidder to hold exclusive talks on the sale of its majority stake in Poland’s largest television network, Gazeta Wyborcza reported, citing three unidentified people. Vivendi SA and Time Warner Inc. are bidding to buy TVN after RTL Group SA withdrew, the Warsaw-based newspaper reported, without saying where it got the information.
--Editors: Wojciech Moskwa, Linda Shen
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