Bloomberg News

Polish Stocks: KGHM, PKO Bank, PZU, TVN Shares Move in Warsaw

October 06, 2011

Oct. 6 (Bloomberg) -- Poland’s WIG20 Index advanced for a second day, adding 28.40, or 1.3 percent, to 2,173.27 at the 5:30 p.m. close 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 0.64 zloty, or 2 percent, to 32.93 zloty, its second day of gains. PZU SA (PZU PW), the country’s largest insurer, climbed 3.8 zloty, or 1.3 percent, to 302.8 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 8 zloty, or 6.6 percent, to 129.4 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.

TVN SA (TVN PW) rose 0.16 zloty, or 1.1 percent, to 15.34 zloty, 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: Linda Shen, Alex Nicholson

To contact the reporter on this story: Pawel Kozlowski in Warsaw pkozlowski@bloomberg.net or Marek Strzelecki in Warsaw at mstrzelecki1@bloomberg.net

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


American Apparel's Future
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus