Bloomberg News

Polish Stocks: KGHM, Kredyt Bank, Lotos, PKO Bank, Pekao Move

January 26, 2012

Jan. 26 (Bloomberg) -- Poland’s WIG20 Index jumped 52.56, or 2.3 percent, to 2,305.55 at the 5:30 p.m. close in Warsaw, the biggest gain in almost two months.

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

PKO Bank Polski SA (PKO PW), Poland’s biggest bank, rose 3.7 percent to 34.95 zloty, the biggest gain since Dec. 5. Bank Pekao SA (PEO PW), majority-owned by UniCredit SpA, increased 4.6 percent to 156.8 zloty and Bank Handlowy SA (BHW PW), a unit of Citigroup Inc., advanced 3.7 percent to 73.1 zloty.

Banks rose in Europe as the U.S. Federal Reserve signaled it may keep interest rates low through 2014 and a report said Greece’s creditors will make a new offer for a debt-swap deal.

KGHM Polska Miedz SA (KGH PW), Poland’s sole copper and silver producer, advanced 2.7 percent to 131.9 zloty, the highest close since Dec. 5, as the price of the metal rose for a fourth day in New York.

Kredyt Bank SA (KRB PW), the Polish lender owned by KBC Groep NV, soared 5.8 percent to 10.4 zloty, the biggest daily gain in more than three months. KBC is close to an agreement to sell Kredyt Bank, De Tijd reported, without saying where it got the information. Banco Santander SA of Spain is the most likely candidate to take over Kredyt Bank, according to the newspaper.

Grupa Lotos SA (LTS PW), Poland’s second-largest refiner, increased for a ninth day, adding 1.6 percent to 26.04 zloty as crude oil advanced.

--With assistance from Marek Strzelecki in Warsaw. Editors: Peter Branton, Linda Shen

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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