Polish Stocks: KGHM, Milkiland, PGE Move on Warsaw Exchange

Poland’s WIG20 Index climbed to the highest level in almost a month, rising 35.19, or 1.3 percent, to 2,747.28 at the 4:30 p.m. close in Warsaw.

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

KGHM Polska Miedz SA (KGH PW) rose 7 zloty, or 4.8 percent, to close at a record 151.9 zloty. Poland’s only copper producer increased its 2010 profit target by 14 percent to 4.46 billion zloty ($1.5 billion) and raised its prediction for sales by 7.4 percent to 15.5 billion zloty, according to a regulatory filing.

Milkiland NV (MLK PW) jumped 2.23 zloty, or 6.6 percent, to 36.01 zloty as the dairy company that operates in Russia and Ukraine started trading on the Warsaw Stock Exchange.

PGE SA (PGE PW) lost as much as 1.2 percent to 22.27 zloty and closed at 22.5 zloty. Poland’s largest power company postponed the sale of its phone unit Exatel SA until next year in order to give bidders more time to carry out due diligence checks, Puls Biznesu reported, citing a person familiar with the transaction.

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

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

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