Bloomberg News

Polish Stocks: Enea, KGHM, PGNiG Are Active in Warsaw

January 24, 2012

Jan. 24 (Bloomberg) -- Poland’s WIG20 Index rose 0.3 percent to 2,268.63 at 10:11 a.m. in Warsaw.

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

Enea SA (ENA PW) rose 0.8 percent to 18.13 zloty after Poland’s third-largest power utility said it wasn’t considering buying a stake in Lubelski Wegiel Bogdanka SA.

Enea denied a report in Parkiet newspaper that cited Deputy Chief Executive Officer Krzysztof Zborowski telling TVN CNBC television yesterday that Enea is analyzing an investment in Poland’s second-largest publicly traded coal producer.

KGHM Polska Miedz SA (KGH PW) fell 1.3 percent to 127.8 zloty after the copper miner with the largest European output was cut to “hold” from “buy” at ING Groep NV.

Polskie Gornictwo Naftowe i Gazownictwo SA (PGN PW) rose 0.5 percent to 3.92 zloty after the Treasury Ministry didn’t rule out allowing Poland’s dominant gas company to buy a stake in Grupa Lotos SA, the second-largest oil refiner, Dziennik Gazeta Prawna reported, without saying where it got the information. The government has majority stakes in both companies. Lotos rose 2.6 percent to 25.85 zloty.

--Editors: James Kraus, Peter Branton

To contact the reporter on this story: Piotr Bujnicki in Warsaw pbujnicki@bloomberg.net

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


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