Nov. 29 (Bloomberg) -- Poland’s WIG20 Index fell 29.39, or 1.3 percent, to 2,182.53 at 5:30 p.m. close in Warsaw, after posting the biggest gain in a month yesterday.
The following were among the most active stocks on the Warsaw Stock Exchange today. Stock symbols follow company names.
Central European Distribution Corp. (CDC PW) jumped 25 percent, the most in three months, to 14.53 zloty after Russian Standard reported a 9.9 percent stake in the vodka producer that owns Zubrowka and Parliament brand.
CEZ AS (CEZ PW) declined 1 percent to 126.7 zloty in Warsaw trading, trimming this year’s gain to 5.1 percent. The largest Czech utility was rated “reduce” in new coverage at Nomura Holdings Inc.
KGHM Polska Miedz SA (KGH PW), the copper producer with the biggest European mine output, fell for the first time in four days, losing 2.5 percent to 127 zloty as the price of the metal declined.
Grupa Lotos SA (LTS PW), Poland’s second-largest refiner, slumped 6.2 percent to 23.9 zloty, the steepest drop in two months. The company’s biggest risk in 2012 is a loss of liquidity if further zloty weakening drives up the cost of servicing foreign-currency debt, Chief Executive Officer Pawel Olechnowicz said on Radio PiN today.
PKO Bank Polski SA (PKO PW), Poland’s biggest bank, sank 3 percent to 31.6 zloty, snapping a two-day gain. PKO is among European banks that may have their subordinated debt ratings cut by Moody’s Investors Service Inc. to reflect the potential removal of government support.
--Editors: Linda Shen, Peter Branton
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