Nov. 9 (Bloomberg) -- Poland’s WIG20 Index fell 81.60, or 3.4 percent, to 2,315.67 at the 5:30 p.m. close in Warsaw, the steepest daily drop in more than six weeks.
The following are among the most active stocks on the Warsaw Stock Exchange today. Stock symbols follow company names.
Bank Pekao SA (PEO PW), a unit of Italy’s UniCredit SpA, sank 5.7 percent to 140.2 zloty, the biggest drop since Sept. 22. PKO Bank Polski SA (PKO PW), Poland’s biggest bank, fell 4.4 percent to 33.85 zloty and BRE Bank SA (BRE PW), majority-owned by Commerzbank AG, lost 1.5 percent to 263 zloty.
Financial shares sank across Europe as Italian bond yields surged, highlighting investor concern that the euro area’s third largest economy is struggling to contain its debt burden.
Lubelski Wegiel Bogdanka SA (LWB PW) fell for the first time this week, losing 1.7 percent to 113 zloty. Poland’s second-largest publicly traded coal producer said nine-month net income fell to 87.9 million zloty ($28 million) from 191.7 million zloty a year earlier.
KGHM Polska Miedz SA (KGH PW), Poland’s sole copper producer, declined 3 percent to 160.2 zloty. Copper fell as surging Italian bond yields stoked concern about Europe’s sovereign-debt crisis.
TMS Brokers SA (TMS PW) soared 21 percent to 53 zloty, the biggest gain since the stock started trading in January. Luxembourg-based Nabbe Investments is seeking to buy 95 percent of the foreign-exchange broker for 56 zloty a share, a brokerage of Bank Handlowy SA, which helps manage the bid, said in a regulatory statement to the PAP newswire today.
--Editors: Linda Shen, Peter Branton
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