Polish Stocks: Astarta, KGHM, Lotos, PKN Shares Move in Warsaw
Poland’s WIG20 Index declined for a second day, losing 10.52, or 0.4 percent, to 2,769.75 at 3:07 p.m. in Warsaw.
The following are among the most active stocks on the Warsaw Stock Exchange today. Stock symbols follow company names.
Astarta Holding NV (AST) sank 7.1 zloty, or 8 percent, to 82.2 zloty in Warsaw trading, heading for the lowest close since December. Chairman Valery Korotkov’s Aluxes Holding Limited sold 1.5 million shares in the Ukrainian sugar producer, lowering its stake to 26 percent.
KGHM Polska Miedz SA (KGH) , Poland’s sole copper producer, lost 4.3 zloty, or 2.5 percent, to 171.5 zloty, falling for a fifth day. Copper fell to the lowest price since December in London as imports of the metal into China, the world’s biggest consumer, slid to a two-year low.
PKN Orlen SA (PKN PW), Poland’s biggest oil company, fell 0.46 zloty, or 0.9 percent, to 49.74 zloty. Grupa Lotos SA (LTS) , the second-largest refiner, declined 0.97 zloty, or 2.3 percent, to 42.02 zloty. Oil in New York fell the most in a month after Spain’s credit rating was cut and Chinese export growth slowed, bolstering concern that the global economic recovery and fuel-demand growth will slow.
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