Polish Stocks: KGHM Polska Miedz, PBG Shares Move in Warsaw

Poland’s WIG20 Index (WIG20) retreated 0.7 percent to 2,307.52 Warsaw, snapping three days of gains.

The following were among the most active stocks on the Warsaw Stock Exchange today. Stock symbols follow company names.

KGHM Polska Miedz SA (KGH) , the copper producer with the largest European mine output, lost as much as 4.4 percent, the most since Feb. 10, after saying profit will be lower this year. The stock closed 4.1 percent lower at 142.4 zloty.

PBG SA (PBG) jumped for a second day, trading 2.1 percent higher at 39.77 zloty after PAP news service reported Poland’s third-largest builder is selling properties to help pay off debt.

The company’s Galeria Kujawska real-estate unit has signed a preliminary agreement to sell properties for 122 million zloty ($39.3 million), PAP reported late yesterday, citing Kinga Banaszak-Filipiak, a PBG spokeswoman.

Synthos SA (SNS) , the chemicals producer controlled by Polish billionaire Michal Solowow, gained 2.7 percent to 6.57 zloty to the highest level since the company started Warsaw trading in 2004. Synthos’ shareholders approved a 2011 dividend of 661.6 million zloty.

To contact the reporters on this story: Piotr Bujnicki in Warsaw at pbujnicki@bloomberg.net; Maciej Martewicz in Warsaw at mmartewicz@bloomberg.net

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

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