Bloomberg News

Polish Stocks: PKO, Getin, PGE, Petrolinvest Shares Move

December 30, 2011

Dec. 29 (Bloomberg) -- Poland’s WIG20 Index dropped 11.27, or 0.5 percent, to 2,136.76 at 12:18 p.m. in Warsaw, increasing this year’s decline to 23 percent.

The following were among the active equities on the Warsaw Stock Exchange today. Stock symbols follow company names.

Petrolinvest SA (OIL PW), a Polish oil and liquid gas trader, jumped 6.1 percent to 2.27 zloty, heading for its biggest increase in three weeks after investor Ryszard Krauze raised his direct stake in the company to 7.3 percent from 0.01 percent.

Polska Grupa Energetyczna SA (PGE PW), Poland’s largest utility, rose 0.7 percent to 20.99 zloty after the company asked for bids to build a gas-fired heat-and-power unit in the Dolna Odra plant, northern Poland.

PKO Bank Polski SA (PKO PW), Poland’s biggest lender, dropped 1 percent to 32.39 zloty after the country’s financial markets regulator asked domestic banks not to pay a dividend on 2011 profit. Shares in Getin Holding SA (GTN PW) fell 2.3 percent to 6.96 zloty, while BRE Bank (BRE PW) lost 0.9 percent to 240.5 zloty.

--With assistance from David McQuaid and Marek Strzelecki. Editors: James Kraus, Alan Purkiss

To contact the reporter on this story: Katya Andrusz in Warsaw at kandrusz@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net


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