Bloomberg News

JSW, Getin Holding Climb on Speculation Will Join CECE Index

March 09, 2012

Jastrzebska Spolka Weglowa SA (JSW) and Getin Holding SA (GTN) advanced after Bank Zachodni WBK SA’s brokerage said they are likely to join the CECE Composite Index next week.

JSW, the European Union’s largest coking coal producer, gained as much as 2.7 percent and was 1.9 percent higher at 102.9 zloty as of 11:26 a.m. in Warsaw. Getin Holding, the financial-services group controlled by billionaire Leszek Czarnecki, soared as much as 7.1 percent, the most in more than a month, and last traded 4.2 percent higher at 2.48 zloty.

JSW and Getin are likely to join the index of central European companies after the March 14 session, Zachodni wrote in a note today. Software producer Asseco Poland SA, property developer Globe Trade Centre SA and television network TVN SA may drop out from the index this month, according to calculations Warsaw-based Zachodni sent to clients.

The CECE Composite Index is a free float weighted price index made up of the most liquid stocks traded in Budapest, Prague and Warsaw Stock Exchange, according to Wiener Boerse AG’s website.

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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