Poland’s WIG20 Index jumped 54.82, or 2.4 percent, to 2,343.26 at 9:33 a.m. in Warsaw, heading for the biggest gain in more than two weeks. Markets were closed Nov. 11 for a public holiday.
The following are among the most active stocks on the Warsaw Stock Exchange today. Stock symbols follow company names.
Enea SA (ENA) climbed 2.5 percent to 18.6 zloty, rising the most in more than a week. Poland’s third-largest power utility said third-quarter net income rose to 307.4 million zloty ($96 million) from 183.4 million zloty a year earlier. That compares with the 212.7 million-zloty mean estimate of seven analysts surveyed by Bloomberg.
Jastrzebska Spolka Weglowa SA (JSW PW), Poland’s largest coking coal producer, rebounded from a three-week low, adding 3.3 percent to 91 zloty. Third-quarter net income rose to 583.7 million zloty from 569.1 million zloty, beating the 498.8 million-zloty mean estimate of five analysts surveyed by Bloomberg.
KGHM Polska Miedz SA (KGH) , Poland’s sole copper producer, soared 4.7 percent to 164.4 zloty, rising for the first time in three days. Copper climbed on speculation that new governments in Italy and Greece will increase Europe’s ability to contain the debt crisis and as stockpiles of the metal declined.
Bank Pekao SA (PEO) , Poland’s second-largest bank, rose 3.4 percent to 142.7 zloty, heading for the biggest gain in more than two weeks. Third-quarter net income climbed to 766.3 million zloty from 659.7 billion zloty a year earlier, exceeding the 726.4 million-zloty average estimate of 14 analysts in a Bloomberg survey.
PGE SA (PGE PW) rose for the first time in three days, adding 1.9 percent to 19.25 zloty. Poland’s largest power utility said third-quarter net income rose to 837.4 million zloty from 747.2 million zloty a year earlier.
PZU SA (PZU PW) increased 3.3 percent to 325.8 zloty, snapping a five-day decline as Poland’s biggest insurer was upgraded to “buy” from “neutral” at UBS AG.
TVN SA (TVN) , Poland’s largest television network, climbed 2.9 percent to 11.01 zloty, rising for the first time in four days. HSBC Holdings Plc kept its “overweight” recommendation for the stock, with a price estimate of 18.7 zloty.
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