Bloomberg News

Polish Stocks: Enea, Lotos, PKN, Polimex Shares Move in Warsaw

December 13, 2011

Dec. 13 (Bloomberg) -- Poland’s WIG20 Index gained 12.82, or 0.6 percent, to close at 2,187.6 at the close in Warsaw.

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

Agora SA (AGO PW) fell for a second day, losing 2.1 percent to 12.2 zloty as Poland’s biggest publicly traded publisher was cut to “neutral” from “buy” at Citigroup Inc.

Asseco Poland SA (ACP PW) declined 0.5 percent to 47 zloty, its second day of losses. Eastern Europe’s biggest software developer was cut to “hold” from “buy” at Erste Group Bank AG.

Enea SA (ENA PW) gained for the first time in three days, adding 0.8 percent to 18.66 zloty. Poland plans to restart the sale of its 52 percent stake in the country’s third-largest utility in 2012, Treasury Minister Mikolaj Budzanowski was quoted today as saying by Dziennik Gazeta Prawna.

PKN Orlen SA (PKN PW), Poland’s biggest oil company, gained 0.4 percent to 37.21 zloty and Grupa Lotos SA (LTS PW), the second-largest refiner, added 0.4 percent to 23.9 zloty, rising for the first time in six days. Oil surged above $100 a barrel on speculation supplies will be disrupted after a report that Iran will hold exercises to close the Strait of Hormuz and that the Federal Reserve may announce additional stimulus measures.

Polimex-Mostostal SA (PXM PW) jumped 4.7 percent to 1.55 zloty. Goldman Sachs Group Inc. maintained its “buy” recommendation for Poland’s second-largest construction company, setting a share-price estimate at 4 zloty.

--Editors: Linda Shen, Peter Branton

To contact the reporters on this story: Pawel Kozlowski in Warsaw at pkozlowski@bloomberg.net; Monika Rozlal in Warsaw at mrozlal@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net


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