Bloomberg News

Polish Stocks: Eurocash, KGHM, Orlen, Pekao, PKO, TVN, Zachodni

October 27, 2011

Oct. 27 (Bloomberg) -- Poland’s WIG20 Index gained 74.35, or 3.2 percent, to 2,414.62, closing at 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.

PKO Bank Polski SA (PKO PW), Poland’s biggest bank, gained for a second day, adding 3.4 percent to 36.9 zloty. Bank Pekao SA (PEO PW), majority-owned by UniCredit SpA, rose 4.9 percent to 149 zloty and PZU SA (PZU PW), the country’s biggest insurer, increased 4.5 percent to 337.7 zloty.

Financial shares rallied across Europe after the region’s leaders agreed to expand a bailout plan to halt the sovereign debt crisis.

Eurocash SA (EUR PW), Poland’s largest distributor of non- durable consumer goods, soared to the highest level since Aug. 3, climbing 6.2 percent to 27.15 zloty after gaining approval from the country’s antitrust regulator to buy distribution assets from Emperia Holding SA.

Emperia (EMP PW) added 1.7 percent to 109.8 zloty, rising for a second day.

KGHM Polska Miedz SA (KGH PW), the copper producer with the biggest European mine output, soared 7.7 percent to 158 zloty, a one-month high. Copper climbed on speculation demand will increase after European leaders reached a debt-relief accord with bank representatives.

PKN Orlen SA (PKN PW), Poland’s biggest oil company, gained 5.2 percent to 40.5 zloty, the highest close since Aug. 5. Grupa Lotos SA (LTS PW), the second-largest refiner, added 4.8 percent to 29.44 zloty, rising for the first time in three days as crude oil advanced.

TVN SA (TVN PW) lost 1.7 percent to 14.6 zloty, falling the most in a week. Poland’s largest television network and its owner ITI Holdings SA started exclusive talks with Canal Plus on a “strategic” partnership in Poland.

Bank Zachodni WBK SA (BZW PW) rose 0.4 percent to 230 zloty, the highest since Aug. 3. Poland’s third-biggest bank by market value said third-quarter net income rose to 344.9 million zloty ($111 million) from 222.9 million zloty a year earlier. That exceeded the 291 million-zloty mean estimate of four analysts surveyed by Bloomberg News.

--Editors: Stephen Kirkland, Peter Branton

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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