Bloomberg News

Polish Stocks: Jastrzebska, Lotos, Orlen, Trakcja Move in Warsaw

January 12, 2012

Jan. 11 (Bloomberg) -- Poland’s WIG20 Index declined 0.3 percent to 2,131 by the 5:30 p.m. close in Warsaw, falling for the fourth time in five days.

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

Jastrzebska Spolka Weglowa SA (JSW PW) rose 2.5 percent to 90.5 zloty, the highest level in a month, after Poland’s largest coking coal producer said releasing reserves will add about 290 million zloty ($83 million) to its 2011 profit.

PKN Orlen SA (PKN PW), Poland’s largest oil company, fell 1.8 percent to 33.99 zloty and Grupa Lotos SA (LTS PW), the second-largest refiner, lost 0.9 percent to 21.33 zloty, the lowest since July 2009. Oil fell from near the highest settlement in almost a week amid concern that a slowing German economy may drag Europe into a recession, reducing demand.

Trakcja-Tiltra SA (TRK PW), Poland’s biggest publicly traded rail building company, rose 3 percent to 1.03 zloty, extending this week’s gain to 44 percent as Citigroup Inc. upgraded the stock to “buy” from “sell.”

--Editors: Wojciech Moskwa, David McQuaid

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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