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Polish Stocks: Budimex, Globe Trade Shares Are Active in Warsaw

Jan. 31 (Bloomberg) -- Poland’s WIG20 Index advanced 15.55, or 0.7 percent, to 2,332.17 in Warsaw, climbing for a fourth day and closing at the highest level since Nov. 8. The measure has gained 8.8 percent this month.

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

Budimex SA (BDX PW) advanced for a third day, increasing 1.8 percent to 85 zloty. Poland’s biggest publicly traded construction company signed a deal to build an office-housing complex in Warsaw for 173 million zloty ($54 million), the company said in a regulatory statement today.

Globe Trade Centre SA (GTC PW) jumped 1.8 percent to 10.58 zloty, the highest level since Nov. 8. Poland’s biggest property developer by market value agreed with its bank creditors to suspend covenants for 97 million euros ($128 million) of loans, it said in an e-mailed statement yesterday.

To contact the reporter on this story: Pawel Kozlowski in Warsaw pkozlowski@bloomberg.net or Marek Strzelecki in Warsaw at mstrzelecki1@bloomberg.net

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

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