Polish Stocks: Lotos, Orlen, PGNiG, CEDC, KGHM Move in Warsaw
The following are among the most active equities on the Warsaw market today. Stock symbols follow company names.
Central European Distribution Corp. (CDC PW), jumped 2.5 percent to 18.3 zloty, the most in almost two months as Poland’s second-largest vodka producer said its board is reviewing a proposal from Russian Standard Corp. to raise its stake in the company.
Grupa Lotos SA (LTS PW), climbed 1.8 percent to 27.11 zloty, the highest since Nov. 22, after Poland’s Treasury Minister Mikolaj Budzanowski was quoted as saying by Puls Biznesu he isn’t ruling out the sale of a controlling stake in the country’s second-biggest oil refiner to a domestic buyer after failing to evoke interest from foreign investors.
PKN Orlen SA, (PKN PW) Poland’s biggest refiner, and Polskie Gornictwo Naftowe i Gazownictwo SA (PGN), (PGN PW) the country’s dominant gas company, can’t be ruled out as potential buyers, Budzanowski said, according to Puls. PKN Orlen lost 1.8 percent to 38.58 zloty and PGNiG fell 1.9 percent to 3.68 zloty.
KGHM Polska Miedz SA (KGH PW), Poland’s sole copper and silver producer, declined 2.9 percent to 138.8 zloty, the lowest in a week, as copper fell after Chinese officials said the country’s industrial output will probably slow.
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