Bloomberg News

Polish Stocks: BRE Bank, Grupa Lotos, Bank Pekao Move in Warsaw

January 31, 2012

Jan. 30 (Bloomberg) -- Poland’s WIG20 Index fell for the first time in three days, losing 10.30, or 0.5 percent, to 2,296.07 at 2:45 p.m. in Warsaw.

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

BRE Bank SA (BRE PW), a unit of Commerzbank AG, fell 1.7 percent to 292 zloty, snapping a two-day advance. Bank Pekao SA (PEO PW), controlled by UniCredit SpA, declined for a second day, losing 1.5 percent to 154 zloty as Credit Suisse Group AG downgraded the banks to “underperform” from “neutral.”

Grupa Lotos SA (LTS PW), Poland’s second-largest refiner, fell for a second day, losing 1.8 percent to 25.2 zloty. Oil dropped on speculation that European Union leaders meeting today may fail to resolve the region’s debt crisis, while OPEC’s secretary general said the market is well supplied.

--Editors: Peter Branton, Ash Kumar

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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