Polish Stocks: ABM Solid, Asseco Poland, Azoty, Getin Are Active

Poland’s WIG20 Index (WIG20) advanced 1 percent to 2,260.65 as of 10:22 a.m. in Warsaw, paring the quarter’s decline to 1.2 percent.

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

ABM Solid SA (ABM) slumped 40 percent to a record low of 0.81 zloty after the Polish builder filed for bankruptcy aiming at arrangement with creditors. The company said late yesterday it asked a Tarnow, southern Poland-based court for creditors protection following “difficult liquidity position.”

Asseco Poland SA (ACP PW) declined 1.6 percent to 48.9 zloty and headed for the lowest close in three weeks. Central Europe’s largest software developer lost a bid for a contract from PZU SA, Poland’s biggest insurer. PZU picked Guidewire Software Inc. as a provider of new software, Przemyslaw Henschke, PZU’s head of technology department, told reporters in Warsaw today.

Azoty Tarnow (ATT) rallied 4.4 percent to 37.8 zloty, the steepest intraday rally since June 4. OAO Acron of Russia may increase its price to take over Poland’s biggest chemical producer, Parkiet reported, citing Russian billionaire Viatcheslav Kantor, who controls the company.

Getin Noble Bank SA (GNB) jumped 4.8 percent to 1.75 zloty, the highest intraday level in seven weeks. The lender controlled by Polish billionaire Leszek Czarnecki plans to sell a portfolio of non-performing loans worth 426 million zloty ($125.3 million), Parkiet reported, without saying where it got the information.

To contact the reporter on this story: Piotr Skolimowski in Warsaw at pskolimowski@bloomberg.net

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

Bloomberg reserves the right to edit or 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.