Poland’s WIG20 Index gained 4.16, or 0.2 percent, to 2,759.52 at the 4:30 p.m. close in Warsaw, trimming this week’s decline to 0.1 percent.
The following are among the most active stocks on the Warsaw Stock Exchange today. Stock symbols follow company names.
Bioton SA (BIO PW) slumped 0.02 zloty, or 13 percent, to 0.14 zloty, closing at the lowest level since the insulin maker started trading in Warsaw in 2005. Its shares will drop out from the WIG20 Index after today’s session, the Warsaw exchange said in a statement on Nov. 9.
Enea SA (ENA PW) gained 0.23 zloty, or 1 percent, to 24.08 zloty, extending this week’s advance to 1.7 percent. Poland will try to complete the sale of the country’s third-largest utility this year, Dziennik Gazeta Prawna reported, citing a person familiar with the transaction.
KGHM Polska Miedz SA (KGH PW), Poland’s sole copper producer, increased for the first time in four days, adding 1 zloty, or 0.7 percent, to 155 zloty. Copper advanced as European Union leaders agreed on a plan to contain future debt shocks and German business confidence unexpectedly rose.
PKN Orlen SA (PKN PW), Poland’s biggest oil company, added 0.31 zloty, or 0.7 percent, to 48.31 zloty. Grupa Lotos SA (LTS PW), the second-largest refiner, jumped 1.25 zloty, or 3.4 percent, to 37.85 zloty as crude oil advanced.
Rafako SA (RFK PW) rose 0.2 zloty, or 1.5 percent, to 13.59 zloty, the highest close in almost three months. The engineering company won a 186.6 million-zloty ($61 million) order to upgrade Belchatow power plant.
Tauron Polska Energia SA (TPE PW) gained for a third day, increasing 0.1 zloty, or 1.5 percent, to 6.89 zloty. Poland’s second-largest power utility will join Warsaw’s WIG20 Index after today’s session.
Separately, Tauron may increase revenue by 6 percent to 8 percent next year, benefiting from higher electricity prices and rising volume sales, Chief Executive Officer Dariusz Lubera said in an interview with TVN CNBC today.