Nov. 23 (Bloomberg) -- Poland’s WIG20 Index fell 37.69, or 1.7 percent, to 2,146.14, the lowest close since Oct. 5.
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, lost 1.6 percent to 31.59 zloty and Bank Pekao SA (PEO PW), a unit of UniCredit SpA, dropped 2.4 percent to 131.8 zloty. BRE Bank SA (BRE PW), majority-owned by Commerzbank AG, slumped 5.4 percent to 238 zloty.
Financial shares fell across Europe after Germany, the region’s biggest economy, failed to get bids for 35 percent of the 10-year bonds offered for sale today, propelling borrowing costs in Europe higher on concern the region’s debt crisis is driving away investors.
Cersanit SA (CST PW) slumped 6.5 percent to 3.62 zloty, falling for a fifth day. Poland’s biggest ceramic tile maker set the price in a rights offering at 3.5 zloty a share as the company plans to sell 30 million to 54.1 million new shares this month and next month, the brokerage of PKO Bank Polski SA, which is the lead manager for the sale, said late yesterday.
KGHM Polska Miedz SA (KGH PW), the copper producer with the biggest European mine output, sank 4.8 percent to 125 zloty, the lowest close since Oct. 5. Copper futures fell to a four-week low as manufacturing data in Europe and China signaled that metal demand may ebb.
PKN Orlen SA (PKN PW), Poland’s biggest oil company, fell 1.7 percent to 36.65 zloty and Grupa Lotos SA (LTS PW), the second-largest refiner, retreated 2 percent to 25.87 zloty, its fourth day of losses as crude oil declined.
--Editors: Linda Shen, Gavin Serkin
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