Bloomberg News

Polish Stocks: BRE Bank, KGHM, PGE, Pekao, PKO Bank, Sopharma

November 29, 2011

Nov. 28 (Bloomberg) -- Poland’s WIG20 Index jumped 48.12, or 2.2 percent, to 2,211.92 at the 5:30 p.m. close in Warsaw, the biggest daily gain in a month.

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 3 percent to 32.57 zloty, rising for a second day. BRE Bank SA (BRE PW), a unit of Commerzbank AG, soared 6.7 percent to 254.1 zloty and Bank Pekao SA (PEO PW), majority-owned by UniCredit SpA, climbed 3.7 percent to 137.4 zloty.

Banks gained across Europe amid speculation policy makers are intensifying efforts to contain the debt crisis.

KGHM Polska Miedz SA (KGH PW), the copper producer with the biggest European mine output, increased for a third day, adding 1 percent to 130.3 zloty as the price of the metal advanced.

PGE SA (PGE PW) rose 2.6 percent to 20.6 zloty, the highest close in a month. Poland’s biggest utility is seeking a total of $134 million in compensation from Alstom SA over delays in building part of its Belchatow plant, the Warsaw-based company said in an e-mailed statement yesterday.

PKN Orlen SA (PKN PW), Poland’s biggest oil company, gained for a third day, increasing 4 percent to 38.5 zloty and Grupa Lotos SA (LTS PW), the second-largest refiner, climbed 1.9 percent to 25.49 zloty. Oil advanced on signs of economic recovery in the U.S., while sanctions on Syria stoked concern Middle East crude supplies may be threatened.

Sopharma AD (SPH PW) advanced 1.6 percent as the Bulgarian drugmaker started trading on the Warsaw Stock Exchange. The shares increased to 7.5 zloty, compared with a reference price of 7.38 zloty set by the Warsaw bourse on Nov. 25.

--Editors: Peter Branton, Alex Nicholson

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


Ebola Rising
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus