Polish Stocks: CEDC, Handlowy, KGHM, Pekao, Polimex, Rafako
Poland’s WIG20 Index declined 40.19, or 1.6 percent, the steepest drop in a week, to 2,293.36 at 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.
Bank Pekao SA (PEO) , controlled by UniCredit SpA, lost 3.2 percent to 136.1 zloty and Bank Handlowy SA (BHW PW), a unit of Citigroup Inc., declined 2.3 percent to 65.25 zloty. Getin Holding SA (GTN) , the financial-services group controlled by billionaire Leszek Czarnecki, sank 3.1 percent to 7.5 zloty.
Central European Distribution Corp. (CEDC) , the vodka producer that owns Zubrowka and Parliament brands, jumped 7.7 percent to 11.36 zloty in Warsaw trading, extending this week’s advance to 18 percent. Its 14-day relative strength index, which shows how rapidly prices advanced or dropped during a specified time period, was at 26.3 yesterday. A reading of 30 or below signals to some investors that shares are set to rise.
KGHM Polska Miedz SA (KGH) , the copper producer with the biggest European mine output, lost 2.3 percent to 167 zloty, heading for the first daily drop this week. Copper fell the most in a week on concern the effects of Europe’s debt crisis may spread to other economies, potentially eroding metals demand.
PKN Orlen SA (PKN PW), Poland’s biggest oil company, slipped 3.1 percent to 38.05 zloty as oil fell from a five-month high.
Polimex-Mostostal SA (PXM) , Poland’s second-largest construction company, jumped the most since 2008, rising 13 percent to 1.45 zloty. Engineering company Rafako SA (RFK) jumped 8.8 percent to 10.05 zloty and Mostostal Warszawa SA (MSW) , a unit of Spain’s Acciona SA, advanced 3.5 percent to 22.99 zloty.
PGE SA, Poland’s largest utility, picked a group including Polimex, Rafako and Mostostal to build two coal-fired units at its Opole plant in southern Poland, according to a statement on its website.
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