Bloomberg News

Polish Stocks: Bank Handlowy, Pekao Are Active in Warsaw

February 07, 2012

Feb. 6 (Bloomberg) -- Poland’s WIG20 Index increased 0.1 percent, extending its rally to eight days, to 2,372.15 as of 3:36 p.m.

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

Bank Handlowy SA (BHW PW), rose 1.8 percent to 77.25 zloty, climbing for the first time in three days as fourth-quarter net income at the Citigroup Inc. unit increased 14 percent to 221.1 million zloty ($69 million), exceeding the 176.6 million-zloty mean estimate of five analysts surveyed by Bloomberg.

Bank Pekao SA (PEO PW), added 1.5 percent to 162.7 zloty, gaining for a second day after the country’s second-largest lender was raised to “hold” from “reduce” at Erste Group AG with a price estimate of 170 zloty.

--Editors: Ash Kumar, 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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