Bloomberg News

Polish Stocks: PBG, PKN Orlen Shares Active in Warsaw Trading

March 01, 2012

Poland’s WIG20 Index (WIG20) gained 0.2 percent to 2,320.89 at the close in Warsaw, the highest in more than a week.

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

PBG SA (PBG) fell 2.2 percent to 62.75 zloty, the lowest this week, after fourth-quarter profit at Poland’s third-largest builder missed analysts’ estimates. PBG’s negative cash flow from operations in the period “raised concern” about the company’s debt financing, according to Robert Maj, an analyst at KBC Securities NV in Warsaw.

PKN Orlen SA (PKN) dropped 0.5 percent to 35.33 zloty after Poland’s largest oil refiner was rated a “new sell” at UBS AG. UBS said the refiner’s valuation was “unattractive” in the context of its “limited earnings momentum.”

To contact the reporter on this story: Piotr Bujnicki in Warsaw pbujnicki@bloomberg.net or Marek Strzelecki in Warsaw mstrzelecki1@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net


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