Polish Stocks: Bank Zachodni, GTC, Grupa Lotos, PKO Shares Move

Poland’s WIG20 Index (WIG20) climbed 1.2 percent to 2,233.38 at the close in Warsaw, bringing its gain for the week to 3.4 percent.

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

Bank Zachodni WBK SA (BZW) , the Polish unit of Spain’s Santander SA, slid 1.7 percent to 228 zloty, the steepest drop in three weeks after Fitch Ratings lowered its rating to BBB from A- yesterday.

Globe Trade Centre SA (GTC) , the country’s second- largest property developer by market value, rose 0.8 percent to 6.35 zloty, the highest level in more than five weeks, after agreeing to sell a real-estate project in Warsaw.

Grupa Lotos SA (LTS PW), Poland’s second-largest oil refiner, jumped 6.6 percent to 27.47 zloty, its biggest daily advance in more than eight months, as speculation that central banks will take steps to shelter economies from Europe’s debt crisis lifted commodities and emerging-market stocks.

PKO Bank Polski (PKO) , Poland’s biggest lender, added 2 percent to 32.98 zloty, the strongest closing level in more than six weeks, as the Bank of England’s comments on easing credit boosted confidence central banks will provide economic stimulus to the global economy and buoyed financial stocks.

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

David McQuaid in Warsaw 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.