Polish Stocks: Budimex, Elektrobudowa, Handlowy, Orlen, Trakcja
Poland’s WIG20 Index rose 32.58, or 1.1 percent, to 2,923.40 at 2:47 p.m. in Warsaw, heading for the biggest gain in a week.
The following are among the most active stocks on the Warsaw Stock Exchange today. Stock symbols follow company names.
Bank Handlowy SA (BHW PW), a unit of Citigroup Inc. rose 2.2 zloty, or 2.1 percent, to 105.4 zloty. Bank Pekao SA (PEO) , majority-owned by UniCredit SpA, climbed 3.2 zloty, or 1.9 percent, to 175.7 zloty.
Banks climbed across Europe after JPMorgan Chase & Co. reported record profit.
Budimex SA (BDX) rose 1.8 zloty, or 1.7 percent, to 108.8 zloty, advancing for a second day. Poland’s biggest construction company had its share-price estimate increased 7.1 percent to 128.5 zloty at Citigroup Inc., which maintained its “buy” recommendation for the stock.
Elektrobudowa SA (ELB) jumped 3.9 zloty, or 2.6 percent, to 153.9 zloty, snapping a six-day decline as Citigroup raised its share-price projection for the engineering company 2.6 percent to 202 zloty and kept its “buy” rating.
PKN Orlen SA (PKN PW), Poland’s biggest oil company, gained 0.7 zloty, or 1.2 percent, to 57.6 zloty. Grupa Lotos SA (LTS) , the second-largest refiner, climbed 0.76 zloty, or 1.6 percent, to 48.11 zloty. Oil rose for the first time in three days before an Energy Department report forecast to show that gasoline supplies declined for an eighth week in the U.S., the world’s largest crude consumer.
Trakcja Polska SA (TRK) increased for a third day, climbing 0.07 zloty, or 1.9 percent, to 3.72 zloty. Citigroup reiterated its “buy” recommendation for Poland’s biggest rail builder, with a price estimate at 4.7 zloty per share.
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