Bloomberg News

Polish Stocks: Eurocash, Getin Noble, Synthos Move in Warsaw

January 26, 2012

Jan. 25 (Bloomberg) -- Poland’s WIG20 Index retreated 0.7 percent, falling for a second day, to 2,248.66 at 3:30 p.m. in Warsaw.

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

Eurocash SA (EUR PW) rose 2.7 percent to 29.05 zloty, climbing for the first time in five days, after UniCredit SpA resumed coverage of Poland’s largest distributor of non-durable consumer goods with a “buy” recommendation.

Getin Noble Bank SA (GNB PW) lost 2.1 percent to 3.76 zloty, snapping a three-day run of gains, after the bank controlled by Polish billionaire Leszek Czarnecki said it plans to sell as much 200 million zloty ($61 million) of bonds maturing 2018, which is less than the 500 million zloty issue announced in September.

Synthos SA (SNS PW) jumped as much as 4.4 percent to 5.2 zloty, the highest level since Aug. 18 on an intraday basis, after the chemical producer controlled by Polish billionaire Michal Solowow said it will recommend 300 million zloty in dividends from its 2011 profit.

--Editors: Ash Kumar, Peter Branton

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


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