Bloomberg News

Polish Stocks: KGHM, Orlen, PKO Bank Shares Are Active

December 09, 2011

Dec. 9 (Bloomberg) -- Poland’s WIG20 Index climbed 15.05, or 0.7 percent, to 2,226.88 at the end of trading in Warsaw, trimming this week’s drop to 1.4 percent.

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 for a third day, adding 1.2 percent to 125 zloty. Copper increased on speculation top global consumer China might take more steps to stoke growth after inflation slowed and industrial production climbed less than forecast.

PKN Orlen SA (PKN PW), Poland’s biggest oil company, gained for the first time in four days, climbing 1.3 percent to 38.5 zloty. Oil rose after a report showed that confidence among U.S. consumers rose to a six-month high and as Europe agreed to boost its rescue fund and tighten budget rules.

PKO Bank Polski SA (PKO PW) jumped as much as 2.4 percent to 33.89 zloty before closing up 0.1 percent at 33.15 zloty. Poland’s largest bank doesn’t need to raise extra capital as part of measures introduced by the European Banking Authority in response to the euro area’s sovereign debt crisis, it said in a statement on its website late yesterday.

Separately, the bank stopped granting home loans in Swiss francs and is withdrawing from euro-denominated mortgages, Chief Executive Officer Zbigniew Jagiello told Puls Biznesu.

--Editors: Linda Shen, Peter Branton

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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