Bloomberg News

Polish Stocks: CEDC, Ciech, Kernel Shares Active in Warsaw

April 24, 2012

Poland’s WIG20 Index (WIG20) advanced 0.6 percent to 2,180.35 at the close in Warsaw, climbing for the first time in five days.

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

Central European Distribution Corp. (CDC) , the country’s second-biggest vodka producer, fell 3.3 percent to 14.99 zloty, after climbing 13 percent yesterday on a deal with Russian Standard Corporate. Renaissance Capital upgraded the company’s rating to hold from sell citing the agreement.

Ciech SA (CIE) , a Polish state-controlled chemicals company, gained 0.5 percent to 16.75 zloty, rising for the first time in five days as Dziennik Gazeta Prawna reported Dow Chemical Co. is among at least three potential bidders seeking to buy its Zachem unit.

Kernel Holding SA (KER) , Ukraine’s biggest sunflower-oil producer, fell 3.4 percent, the most since April 4, to 70.5 zloty after Erste Bank Group AG started coverage of the company with a recommendation to reduce holdings in the stock.

To contact the reporters on this story: Piotr Bujnicki in Warsaw at pbujnicki@bloomberg.net; Marta Waldoch in Warsaw at mwaldoch@bloomberg.net

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


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