Bloomberg News

Polish Stocks: CEDC, Cyfrowy Polsat, PBG Shares Move in Warsaw

March 12, 2012

Poland’s WIG20 Index (WIG20) advanced 0.3 percent to 2,292.12 at the close in Warsaw, extending this year’s gain to 6.9 percent.

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

Central European Distribution Corp. (CDC) rose as much as 4.2 percent to 14.55 zloty and closed 0.3 percent higher at 14 zloty after Russian Standard Group amended an offer to raise its stake in Poland’s second-largest vodka producer.

Cyfrowy Polsat SA (CPS) gained 0.4 percent to 13.7 zloty, climbing for a second day, after Poland’s biggest television network reported fourth-quarter profit that beat analysts’ estimates.

PBG SA (PBG) , Poland’s third-largest construction company, sank 6.5 percent to 48.7 zloty, the lowest since July 2005, on investor concern about its plans to increase capital and acquire a strategic partner. PBG plans to raise as much as 1.2 billion zloty ($383 million) in a rights offering or a sale of convertible bonds, the company said on March 8.

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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