Bloomberg News

Polish Stocks: KGHM, Kredyt Bank, PZU Are Active in Warsaw

February 20, 2012

Feb. 17 (Bloomberg) -- Poland’s WIG20 Index advanced 1.2 percent to 2,348.10 at 1:02 p.m. in Warsaw.

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

KGHM Polska Miedz SA (KGH PW), Poland’s sole copper and silver producer, rose 2.3 percent to 136.4 zloty as copper advanced for the first time in six days, trimming a second consecutive weekly loss amid speculation demand may improve in the U.S. and Greece will get a bailout.

Kredyt Bank SA (KRB PW) gained 1 percent to 12.12 zloty, gaining for the second day after Reuters reported yesterday that Banco Santander SA is seeking to buy the Polish lender together with the European Bank for Reconstruction and Development. Kredyt Bank is controlled by Brussels-based KBC Groep NV.

PZU SA (PZU PW) climbed 1.4 percent to 341.1 zloty, advancing for the first time in three days. UBS AG raised its price estimate for the country’s largest insurer to 370 zloty from 349 zloty.

--Editors: Alex Nicholson, Wojciech Moskwa

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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