Bloomberg News

Polish Stocks: GTC, KGHM, Mondi Swiecie, TVN Move in Warsaw

February 17, 2012

Feb. 16 (Bloomberg) -- Poland’s WIG20 Index fell 0.1 percent to 2,332.79 at 2:40 p.m. in Warsaw.

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

Globe Trade Centre SA (GTC PW), the country’s biggest property developer, plunged to the lowest level in two weeks, retreating 4.5 percent to 9.66 zloty after a management board member said the company may raise capital.

KGHM Polska Miedz SA (KGH PW), Poland’s sole copper producer, headed for the lowest level since Jan. 27, slipping 0.9 percent to 134.1 zloty. The metal dropped as European leaders remained divided over a bailout for Greece.

Mondi Swiecie SA (MSC PW) jumped 5.8 percent to 73 zloty, the highest level since Oct. 31, after Mondi Group, Europe’s largest maker of office paper, announced a bid to buy the remaining 34 percent stake in its Polish unit for 1.17 billion zloty ($360 million).

TVN SA (TVN PW) fell 1.2 percent to 10.67 zloty, extending yesterday’s 8.5 percent loss after the country’s biggest television network reported profits that missed analysts’ estimates and withdrew earnings guidance for 2012.

--Editors: Linda Shen, Ash Kumar

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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