Polish Stocks: AmRest, Ipopema, KGHM, PZU Shares Move in Warsaw

Poland’s WIG20 Index declined for a second day, losing 34.36, or 1.3 percent, to 2,714.19 at 5:40 p.m. at the Warsaw close.

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

AmRest Holdings SE (EAT PW) advanced for the first time this week, increasing 0.9 zloty, or 1.2 percent, to 73.4 zloty. The operator of Pizza Hut, KFC and Starbucks restaurants in central Europe was upgraded to “buy” from “hold” at Wood & Company.

Ipopema Securities SA (IPE PW) jumped 0.4 zloty, or 2.7 percent, to 15.4 zloty, rising for the first time in four days. Poland’s biggest non-bank brokerage signed an agreement to buy Credit Suisse Group AG’s asset management unit in Warsaw.

KGHM Polska Miedz SA (KGH PW), the copper producer with the biggest European mine output, advanced 1.5 zloty, or 0.9 percent, to 170.1 zloty, making its second daily gain this week. Copper rose on expectation that industrial-metals demand will increase as Japan rebuilds after last week’s earthquake and tsunami.

PZU SA (PZU PW) fell 0.6 percent to 339.7 zloty after climbing as much as 2.7 percent. Poland’s biggest insurer said 2010 net income was 2.44 billion zloty ($847 million), exceeding the 2.38 billion zloty mean estimate of 13 analysts surveyed by Bloomberg.

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