Bloomberg News

Polish Stocks: KGHM, PBG, Trakcja-Tiltra Shares Move in Warsaw

January 02, 2012

Jan. 2 (Bloomberg) -- Poland’s WIG20 Index climbed 37.77, or 1.8 percent, to 2,182.25 at 2:11 p.m. in Warsaw, heading for the biggest daily gain in more than a month.

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

KGHM Polska Miedz SA (KGH PW), Poland’s sole copper and silver producer, jumped 4.9 percent to 116 zloty, heading for the highest close in more than two weeks. The Treasury Ministry, which supervises state-owned companies, proposed lowering a new tax on the extraction of the metals saying the Finance Ministry’s proposal for the new tax is “disproportionate” when compared to levies in other countries.

PBG SA (PBG PW), Poland’s third-largest construction company, jumped 2.8 percent to 73 zloty, rising for the first time in four days. Chief Executive Officer Jerzy Wisniewski bought 36,500 shares at an average price of 70.91 zloty each, the company said in a regulatory statement late on Dec. 30.

Trakcja-Tiltra SA (TRK PW) surged the most since April 2008, rising 19 percent to 0.81 zloty. Poland’s biggest publicly-traded railway builder agreed to sell its 41 percent stake in windfarm developer Eco-Wind Construction SA to CEZ AS of the Czech Republic.

--Editors: Susan Lerner, Claudia Maedler

To contact the reporter on this story: Pawel Kozlowski in Warsaw at pkozlowski@bloomberg.net

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


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