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Polish Stocks: CEDC, Jastrzebska, KGHM Are Active in Warsaw

Poland’s WIG20 Index fell 1.3 percent to close at 2,249.93 in Warsaw, its first drop in three days.

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

Central European Distribution Corp. (CDC PW), Poland’s second-biggest vodka producer, jumped as much as 12 percent and closed 4.4 percent higher at 14.85 zloty after saying its second-largest shareholder, Mark Kaufman, raised his stake to 9.7 percent from 9.5 percent.

Jastrzebska Spolka Weglowa SA (JSW PW), the European Union’s biggest producer of coking coal, closed at a three-month low after Rzeczpospolita reported Poland is working on a plan for JSW to buy Katowicki Holding Weglowy SA. The shares slipped 3 percent to 90.90 zloty.

The company isn’t considering the takeover, Chief Executive Officer Jaroslaw Zagorowski said.

KGHM Polska Miedz SA (KGH PW), the country’s sole copper producer, fell 2.8 percent to 139 zloty, falling for the first day in three as the metal slid after China, the world’s biggest consumer of copper, reported slower-than-estimated growth in the first quarter stoking concern the economy may weaken further.

David McQuaid in Warsaw

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