Polish Stocks: Azoty, Gornictwo, KGHM, PKN Orlen, Pulawy Move

Poland’s WIG20 Index fell 0.1 percent to 2,188.92 at the 5:30 p.m. close in Warsaw.

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

KGHM Polska Miedz SA (KGH PW), the country’s only copper miner, fell 0.9 percent to 117 zloty as the metal declined after China’s premier said that the momentum for a recovery in economic growth isn’t yet in place, increasing speculation demand may decline in the world’s largest user.

PKN Orlen SA (PKN PW), Poland’s biggest company by sales, jumped 2.1 percent to 38.1 zloty, its biggest gain in two weeks, after Chief Executive Officer Jacek Krawiec said results of shale gas drilling near Lublin, eastern Poland are “very promising.” The oil refiner may resume dividend payments after its debt declined and refining margins improved, Chief Financial Officer Slawomir Jedrzejczyk said in an interview.

Polskie Gornictwo Naftowe i Gazownictwo SA (PGN PW), Poland’s dominant gas company, slid 2.2 percent to 3.98 zloty, its lowest level in a month, as emerging-market stocks retreated on an unexpected fall in U.S. retail purchases and a lower global growth forecast from the International Monetary Fund.

Zaklady Azotowe Pulawy SA (ZAP PW), the nation’s second-biggest fertilizer maker, rose 1.5 percent to 105.4 zloty, climbing for a fifth day after Azoty Tarnow (ATT PW) announced a public bid to buy 32 percent in the company at 110 zloty a share. Azoty advanced 5.8 percent to 40.22 zloty.

Before it's here, it's on the Bloomberg Terminal. LEARN MORE