Polish Stocks: Astarta, Kernel, Lotos, PKN Orlen Move in Warsaw
Poland’s WIG20 Index fell 13.41, or 0.5 percent, to 2,788.18 in Warsaw, the lowest closing level since March 24.
The following were among the most active stocks on the Warsaw Stock Exchange today. Stock symbols follow company names.
Astarta Holding NV (AST) , a Ukrainian producer of sugar and grains, slid by the most in more than three months, losing 3.5 zloty, or 4 percent, to 85 zloty. KSG Agro SA (KSG PW), which sold shares in an initial public offering in April, declined 1.07 zloty, or 4.8 percent, to 21.48 zloty. Kernel Holding SA (KER) , the largest Ukrainian agriculture stock traded in Warsaw, lost 0.5 zloty, or 0.6 percent, to 79.5 zloty.
Commodities declined ahead of a vote by Greek lawmakers this week on a five-year austerity plan needed before the release of a loan payment and future financing, and after the Basel Committee on Banking Supervision raised capital sufficiency requirements.
PKN Orlen SA (PKN PW), Poland’s biggest oil company, slid 0.6 zloty, or 1.2 percent, to 51 zloty. Grupa Lotos SA (LTS) , the second-largest refiner, declined 1.28 zloty, or 2.8 percent, to 44.18 zloty. Oil prices retreated on concern economic expansion in the U.S. and China is slowing and as the International Energy Agency said it’s prepared to release additional crude from stockpiles.
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