Agora, KGHM, GTC, PZU, Polimex May Be Active: Central Europe Stock Preview

The following is a list of companies whose shares may have unusual price changes in central European markets. Stock symbols are in parentheses after company names. Share prices are from the last close.

Poland’s WIG20 Index gained 1.4 percent, the Czech PX Index rose 0.8 percent and Hungary’s BUX Index climbed 1.2 percent.

Agora SA (AGO PW): Poland’s biggest publisher was raised to “buy” from “hold” at ING Groep NV. Agora added 0.2 percent to 24.2 zloty.

Aztec International SA (AZC PW): The Polish building materials producer will start trading on the Warsaw Stock Exchange’s NewConnect market for smaller companies.

Globe Trade Centre SA (GTC PW): Poland’s biggest property developer by market value was upgraded to “buy” from “hold” at ING. Its shares declined 0.4 percent to 23.15 zloty.

KGHM Polska Miedz SA (KGH PW): The copper producer with the biggest European mine output was raised to “buy” at ING. KGHM shares climbed 2.8 percent to 106.9 zloty.

Bank Millennium SA (MIL PW): The Polish unit of Banco Comercial Portugues SA said second-quarter profit rose almost eightfold to 69.5 million zloty ($22 million) from 8.9 million zloty in the same period a year earlier on higher net interest income. Millennium increased 1.1 percent t 4.75 zloty.

Polimex-Mostostal SA (PXM PW), PBG SA (PBG PW), Mostostal Warszawa SA (MSW PW): The Polish construction companies were downgraded to “sell” from “hold” at ING. Polimex shares were unchanged at 4.7 zloty, PBG gained 0.6 percent to 231.2 zloty and Mostostal increased 1 percent to 67.05 zloty.

Polskie Gornictwo Naftowe i Gazownictwo SA (PGN PW): Poland’s dominant gas distributor will sell 1.2 billion zloty of bonds in the next few days, Parkiet reported, without citing anyone. Its shares fell 0.8 percent to 3.54 zloty.

PZU SA (PZU PW): Poland’s biggest insurer was reduced to “sell” from “hold” at ING. PZU shares added 3 percent to 388.2 zloty.

To contact the reporters on this story: Pawel Kozlowski in Warsaw pkozlowski@bloomberg.net

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