Bloomberg News

Polish Stocks: KGHM, PGE Shares Are Active on the Warsaw Bourse

February 27, 2012

Feb. 24 (Bloomberg) -- Poland’s WIG20 Index rose 0.8 percent to 2,316.05 at 2:24 p.m. in Warsaw, snapping a two-day decline.

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), the copper producer with the biggest European mine output, jumped to a two-week high and traded 3 percent higher to 142.6 zloty as the metal advanced before a report that may show U.S. new homes sales rose to a nine-month high.

PGE SA (PGE PW), the country’s largest power utility, rebounded from a three-month low and traded 2 percent higher to 19.76 zloty after the government sold a stake in the company for 2.52 billion zloty ($810 million) yesterday.

“The impact of this transaction was one-time and now the stock should recover from early losses,” Kamil Kliszcz, a Warsaw-based analyst at BRE Bank SA, wrote in a note to clients.

--Editors: Linda Shen, Tim Farrand

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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