Bloomberg News

Echo, KGHM, Warsaw Exchange: Central European Equity Preview

October 10, 2011

Oct. 10 (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 gained 0.8 percent, the Czech PX Index climbed 1.4 percent while Hungary’s BUX Index fell 2.5 percent.

Echo Investment SA (ECH PW): The property developer controlled by Polish billionaire Michal Solowow was upgraded to “buy” from “hold” at UniCredit SpA. Echo jumped 3.9 percent to 3.51 zloty.

KGHM Polska Miedz SA (KGH PW): Poland’s copper producer plans to spend 640 million zloty ($197 million) on buying out its workers’ rights to annual allowances of coal, Parkiet reported. KGHM advanced 5.5 percent to 136.5 zloty.

Warsaw Stock Exchange (GPW PW): The operator of central Europe’s biggest equity market was raised to “buy” from “neutral” at Goldman Sachs Group Inc. Its shares declined 2.9 percent to 43.2 zloty.

--Editor: Ana Monteiro

To contact the reporters 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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