Breaking News

CDC Sees 550,000 to 1.4 Million Ebola Cases in Sierra Leone and Liberia by January

Polish Stocks: Bioton, KGHM, Lotos, Votum Shares Move in Warsaw

Poland’s WIG20 Index dropped 18.22, or 0.7 percent, to 2,741.30 at the 4:30 p.m. close in Warsaw, the lowest level in two weeks.

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

Bioton SA (BIO PW) added 0.02 zloty, or 14 percent, to 0.16 zloty, gaining the most in more than a year. The company signed a deal under which GlaxoSmithKline Plc will distribute Bioton’s insulin in Russia. Bioton estimates the value of the 15-year deal at as much as $600 million, Puls Biznesu reported, citing Chief Executive Officer Slawomir Ziegert.

KGHM Polska Miedz SA (KGH PW), the copper producer with the biggest European mine output, climbed for a second day, increasing 2.9 zloty, or 1.9 percent, to 157.9 zloty. Copper advanced on speculation that further signs of an improvement in the U.S. economy will boost the outlook for demand for the metal used in pipes and wires.

Grupa Lotos SA (LTS PW), Poland’s second-largest refiner, fell for the first time in four days, sliding 0.55 zloty, or 1.5 percent, to 37.3 zloty. Its 14-day relative strength index, which shows how rapidly prices advance or drop during a specified time period, was at 81.9 on Dec. 17. A reading of 70 or above signals to technical analysts that the price of an asset is set to fall.

Votum SA (VOTA PW) gained 0.55 zloty, or 14 percent, to 4.35 zloty, as the shares of the Polish financial-services company started trading on the Warsaw Stock Exchange.

To contact the reporter on this story: Pawel Kozlowski in Warsaw

To contact the editor responsible for this story: Gavin Serkin at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.