Polish Stocks: Agora, Astarta, Bank Pekao, Warsaw Exchange Move

Poland’s WIG20 Index (WIG20) slipped 0.4 percent to 2,178.77 at the 5:30 p.m. close in Warsaw, falling for the first time in three sessions.

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

Agora SA (AGO PW), the country’s largest publicly-traded publisher, dropped 5.9 percent to 11.37 zloty, its biggest one-day retreat in five months, after reporting a net loss in the first quarter today.

Astarta Holding NV (AST PW), a Ukrainian agricultural company and sugar producer, fell 4.7 percent to 55.8 zloty, retreating for a third day and closing at the lowest since Jan. 30. Net income fell to 91.44 million hryvnia ($11 million) on higher costs, from 219.82 million hryvnia a year earlier, the Kiev-based company said in a regulatory statement late yesterday.

Bank Pekao SA (PEO PW) declined 2 percent to 142.1 zloty, its lowest close in two weeks, the day after Chief Executive Officer Luigi Lovaglio said the financial results of Poland’s second-largest lender in 2012 will stay at last year’s level.

Warsaw Stock Exchange (GPW PW), the operator of the Polish bourse, fell 3.2 percent to 36.88 zloty, its steepest drop in two months, after JPMorgan Chase & Co. cut the stock to neutral from overweight.

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

David McQuaid in Warsaw at dmcquaid1@bloomberg.net

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

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.