Bloomberg News

Polish Stocks: KGHM, Lotos, Orlen, Polimex Shares Move in Warsaw

December 06, 2011

Dec. 5 (Bloomberg) -- Poland’s WIG20 Index gained 24.24, or 1.1 percent, to 2,282.14 at 11:38 a.m. in Warsaw, climbing for the first time in three days.

The following are among the most active stocks on the Warsaw Stock Exchange today. Stock symbols follow company names.

KGHM Polska Miedz SA (KGH PW), the copper producer with the biggest European mine output, rose 1.2 percent to 131.3 zloty, snapping a two-day drop as the price of the metal climbed, erasing an earlier drop of as much as 0.6 percent.

PKN Orlen SA (PKN PW), Poland’s biggest oil company, gained 2.5 percent to 40.07 zloty and Grupa Lotos SA (LTS PW), the second-largest refiner, increased 2.4 percent to 25.47 zloty. Oil rose on concern that tension in the Middle East threatens supplies and as investors bet that European leaders will take steps to tame the region’s debt crisis.

Polimex-Mostostal SA (PXM PW) rose for a second day, adding 0.7 percent to 1.39 zloty. ING Groep NV’s Polish pension fund increased its stake in Poland’s second-largest construction company to more than 10 percent, according to a regulatory statement today.

--Editors: Linda Shen, 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


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