Poland’s WIG20 Index advanced for a second day, adding 19.48, or 0.9 percent, to 2,156.43 at the close in Warsaw. The measure has slumped 21 percent this year.
The following were among the most active equities on the Warsaw Stock Exchange today. Stock symbols follow company names.
Lubelski Wegiel Bogdanka SA (LWB PW) declined 0.5 percent to 107 zloty. Poland’s second-largest publicly traded coal producer expects that as many as 3.24 million employee shares will be allowed to trade in Warsaw at the beginning of January, Tomasz Zieba, a spokesman, said by phone. His comments come after the country’s financial markets regulator approved today the prospectus for the shares that account for about 10 percent of total capital.
Emperia Holding SA (EMP PW) jumped 5.8 percent to 119 zloty, rising for the first time in four days after signing a deal to sell distribution assets to Eurocash SA for 1.1 billion zloty ($323 million).
Eurocash (EUR PW), Poland’s distributor of non-durable consumer goods, soared 9.2 percent to 28.6 zloty, rising by the most since April 2010.
KGHM Polska Miedz SA (KGH PW) surged 4.9 percent to 111.8 zloty, posting the biggest gain in almost two months. Poland’s sole copper and silver producer increased its 2011 net-income forecast by 16 percent to 11.2 billion zloty, compared with its previous outlook of 9.64 billion zloty. The state-controlled company will recommend paying out 30 percent of the net income in dividends, according to an e-mailed statement today.
Grupa Lotos SA (LTS PW) fell 3 percent to 22.55 zloty, closing at the lowest level since August 2009. Poland didn’t receive any binding offers for its 53 percent stake in the country’s second-largest refiner and may consider selling its shares on the Warsaw bourse, the Treasury Ministry said on its website late yesterday.
Polskie Gornictwo Naftowe i Gazownictwo SA (PGN PW) dropped for a fourth day, sliding 2 percent to 4.03 zloty. Poland’s largest gas company may limit investments after failing to get regulatory approval for a “double digit” rise in gas prices, Rzeczpospolita reported, without citing anyone.