Polish Stocks: AmRest, Ipopema, KGHM, PZU Shares Move in Warsaw

Poland’s WIG20 Index declined for a second day, losing 7.83, or 0.3 percent, to 2,740.72 at 1:30 p.m. in Warsaw.

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

AmRest Holdings SE (EAT) advanced for the first time this week, increasing 1.5 zloty, or 2.1 percent, to 74 zloty. The operator of Pizza Hut, KFC and Starbucks restaurants in central Europe was upgraded to “buy” from “hold” at Wood & Company.

Ipopema Securities SA (IPE) jumped 0.4 zloty, or 2.7 percent, to 15.4 zloty, rising for the first time in four days. Poland’s biggest non-bank brokerage signed an agreement to buy Credit Suisse Group AG’s asset management unit in Warsaw.

KGHM Polska Miedz SA (KGH) , the copper producer with the biggest European mine output, advanced 4 zloty, or 2.4 percent, to 172.6 zloty, heading for the second daily gain this week. Copper rose on expectation that industrial-metals demand will increase as Japan rebuilds after last week’s earthquake and tsunami.

PZU SA (PZU PW) climbed as much as 2.7 percent to 351 zloty and last traded 0.5 percent higher at 343.7 zloty. Poland’s biggest insurer said 2010 net income was 2.44 billion zloty ($847 million), exceeding the 2.38 billion zloty mean estimate of 13 analysts surveyed by Bloomberg.

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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