Polish Stocks: CEDC, Globe Trade Centre Active in Warsaw Trading

Poland’s WIG20 Index (WIG20) advanced 1.7 percent to 2,337.46 at the 5:30 p.m. close in Warsaw, gaining for the third day.

The following are among the most active stocks on the stock exchange today. Stock symbols follow company names.

Central European Distribution Corp. (CDC) , Poland’s second-largest vodka producer, rose 5.2 percent to 15.51 zloty, a two-week high, after its board met to consider Russian Standard Corp.’s revised investment offer.

Globe Trade Centre SA (GTC) , the country’s biggest property developer by market value, gained 3.4 percent to 7.03 zloty, rising for the first time in four days as a technical indicator suggested the stock’s decline was overdone. GTC’s 14- day relative strength index stood at 28 at the close yesterday. A reading below 30 indicates to some technical analysts a security may rise.

To contact the reporter on this story: Piotr Bujnicki in Warsaw pbujnicki@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

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