Bloomberg News

Polish Stocks: BRE Bank, Getin, Jastrzebska, KGHM, Lotos

October 24, 2011

Oct. 24 (Bloomberg) -- Poland’s WIG20 Index gained 65.26, or 2.8 percent, to 2,370.68 at the 5:30 p.m. close in Warsaw, the highest level since Sept.1.

The following are among the most active stocks on the Warsaw Stock Exchange today. Stock symbols follow company names.

BRE Bank SA (BRE PW), the Polish unit of Commerzbank AG, rose 5.8 percent to 279.7 zloty. Getin Holding SA (GTN PW), the financial-services group controlled by Polish billionaire Leszek Czarnecki, jumped 3.1 percent to 8.99 zloty, the highest level in almost two months. Bank Pekao SA (PEO PW), majority-owned by UniCredit SpA, climbed 2.5 percent to 146.1 zloty and PKO Bank Polski SA (PKO PW), Poland’s biggest lender, gained 1.2 percent to 36.02 zloty. Stocks rallied after European leaders inched toward a revamped strategy to contain the region’s debt crisis.

Jastrzebska Spolka Weglowa SA (JSW PW), the European Union’s largest coking-coal maker, added 3.7 percent to 92.8 zloty, the highest since Oct. 18. KGHM Polska Miedz SA (KGH PW), the Poland-based copper producer with the largest European mine output, increased 5.2 percent to 149.9 zloty, the highest close since Sept. 21. PKN Orlen SA (PKN PW), Poland’s largest oil company, gained 1.8 percent to 39.25 zloty, Grupa Lotos SA (LTS PW), Orlen’s biggest rival, jumped 5.6 percent to 28.4 zloty.

Commodities advanced as European leaders’ plans to help banks and an economic report from China boosted optimism on the outlook for global growth.

--Editors: Ana Monteiro, Linda Shen

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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