Polish Stock Movers: Asseco, Bomi, Budimex, Eurocash, NWR
Poland’s WIG20 Index declined 42.36, or 1.5 percent, to 2,739.96 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.
Asseco Poland SA (ACP PW) added 1 zloty, or 1.8 percent, to 55.65 zloty, the highest level in more than three months. Central Europe’s biggest software developer was raised to “buy” from “hold” at ING Groep NV.
Bomi SA (BMI PW) soared 0.87 zloty, or 11 percent, to 9.01 zloty, climbing for a third day after Emperia Holding SA said it may decide to buy the supermarket chain.
Budimex SA (BDX PW) climbed 3.8 zloty, or 3.8 percent, to 104 zloty, advancing for a second day as Poland’s second-largest builder was upgraded to “buy” at Deutsche Bank AG.
Eurocash SA (EUR PW) advanced 1.37 zloty, or 5 percent, the most in more than three months, to 28.65 zloty. Poland’s largest distributor of non-durable consumer goods signed an agreement with domestic competitor Emperia Holding SA to buy 17 companies comprising Emperia’s food distribution and retailing network for 926 million zloty ($313 million).
New World Resources NV (NWR PW), the largest Czech supplier of coking coal, added 2.41 zloty, or 5.3 percent, to 48 zloty in Warsaw trading, the highest close since September 2008. Flooding in Australia, which halted coal shipments from Queensland, is boosting the price of the commodity, Ceska Sporitelna analyst Petr Bartek wrote in a report today.
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