Bloomberg News

Polish Stocks: Agora, Astarta, Bank Pekao, Warsaw Exchange Move

May 11, 2012

Poland’s WIG20 Index (WIG20) slipped 0.4 percent to 2,178.77 at the 5:30 p.m. close in Warsaw, falling for the first time in three sessions.

The following were among the most active stocks on the Warsaw Stock Exchange (GPW) today. Stock symbols follow company names.

Agora SA (AGO) , the country’s largest publicly-traded publisher, dropped 5.9 percent to 11.37 zloty, its biggest one- day retreat in five months, after reporting a net loss in the first quarter today.

Astarta Holding NV (AST) , a Ukrainian agricultural company and sugar producer, fell 4.7 percent to 55.8 zloty, retreating for a third day and closing at the lowest since Jan. 30. Net income fell to 91.44 million hryvnia ($11 million) on higher costs, from 219.82 million hryvnia a year earlier, the Kiev-based company said in a regulatory statement late yesterday.

Bank Pekao SA (PEO) declined 2 percent to 142.1 zloty, its lowest close in two weeks, the day after Chief Executive Officer Luigi Lovaglio said the financial results of Poland’s second-largest lender in 2012 will stay at last year’s level.

Warsaw Stock Exchange (GPW PW), the operator of the Polish bourse, fell 3.2 percent to 36.88 zloty, its steepest drop in two months, after JPMorgan Chase & Co. cut the stock to neutral from overweight.

To contact the reporters on this story: Piotr Bujnicki in Warsaw pbujnicki@bloomberg.net

David McQuaid in Warsaw at dmcquaid1@bloomberg.net

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


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