Polish Stocks: Bioton, Globe Trade, Grupa Lotos Move in Warsaw
The following are among the most active stocks on the Warsaw Stock Exchange today. Stock symbols follow company names.
Bioton SA (BIO) , the Polish insulin maker, rose 25 percent, the most since at least 2005, to 0.1 zloty. The company signed a joint venture agreement with Actavis Group hf today. Bioton will report a net loss for 2011 and net income for 2012, Chief Executive Officer Slawomir Ziegert told reporters in Warsaw.
Globe Trade Center SA (GTC) , Poland’s biggest property developer, rose 1.9 percent to 10.39 zloty. The company agreed with its bank creditors to suspend covenants for 97 million euros ($127 million) in loans, it said in an e-mailed statement today.
Grupa Lotos SA (LTS) , Poland’s second-largest refiner, fell for a second day, losing 1.1 percent to 25.39 zloty. Oil dropped on speculation that European Union leaders meeting today may fail to resolve the region’s debt crisis, while OPEC’s secretary general said the market is well supplied.
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