Poland’s WIG20 Index rose 12.66, or 0.6 percent, to 2,314.33 at the 5:30 p.m. close in Warsaw.
The following are among the most active stocks on the Warsaw Stock Exchange today. Stock symbols follow company names.
Jastrzebska Spolka Weglowa SA (JSW PW) increased 1.9 zloty, or 1.8 percent, to 106.5 zloty, the highest close in a week. The European Union’s largest coking-coal maker signed a deal to buy 85 percent of coke producer Walbrzyskie Zaklady Koksownicze Victoria SA from Poland’s Treasury Ministry.
Grupa Kety SA (KTY) jumped 4.5 zloty, or 4.7 percent, to 101 zloty, rising for a second day as Poland’s biggest aluminum products maker was upgraded to “buy” from “hold” at Raiffeisen Centrobank AG.
KGHM Polska Miedz SA (KGH) , Poland’s sole copper group, rose 4.8 zloty, or 3.1 percent, to 159.8 zloty. Copper rose after Glencore International Plc said demand for the metal is set to maintain its pace and U.S. economic reports yesterday exceeded estimates.
Grupa Lotos SA (LTS) slumped 1.35 zloty, or 4.2 percent, to 30.65 zloty, falling for a third day. Poland’s second-largest oil refiner posted first-half net income of 888.7 million zloty ($308 million), missing the 938.1 million-zloty mean estimate of seven analysts surveyed by Bloomberg.
Rafako SA (RFK) gained for the first time this week, adding 0.1 zloty, or 0.9 percent, to 11.05 zloty. PBG SA, Poland’s third-largest builder, bought a 5 percent stake in the power engineering company.
TVN SA (TVN) jumped 1.26 zloty, or 10 percent, to 13.85 zloty, the highest level in more than two weeks. Chief Executive Officer Markus Tellenbach met with representatives of Time Warner Inc. as owners of Poland’s largest television network seek buyers for their stake, Gazeta Wyborcza reported, without saying where it got the information. Separately, RTL Group SA, Europe’s largest television broadcaster, is interested in a potential purchase of TVN, Handelsblatt said, citing unidentified people involved in talks.
Karol Smolag, a spokesman for TVN, declined to comment on the company’s sale process. Oliver Fahlbusch, a spokesman for RTL, declined to comment on the Handelsblatt report.
To contact the editor responsible for this story: Gavin Serkin at firstname.lastname@example.org