Bloomberg "Anywhere" Remote Login Bloomberg "Terminal" Request a Demo

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Alior Bank Soars to Record Before Joining MSCI Index

May 16 (Bloomberg) -- Alior Bank SA jumped to the highest level since the Polish lender started trading in Warsaw in December after MSCI Inc. said it will add the stock to its country benchmark index.

The shares rose 6.7 percent and closed at 80 zloty in Warsaw. Turnover was more than four times the stock’s three-month daily average volume, data compiled by Bloomberg show. The bank’s 2.1 billion-zloty IPO was the biggest by a private Polish company.

Alior, the Warsaw-based bank founded in 2008, will join the MSCI Poland Index after the close on May 31, MSCI said on its website yesterday. Software maker Asseco Poland SA, which will be removed from the gauge on the same day, slumped 5.3 percent to 42.8 zloty today.

We expect “significant demand” for Alior shares of around $112.4 million from active investors in the next two weeks and around $15.3 million on the last day before the rebalancing on May 31, Mateusz Zawada and Carsten Hesse, equity strategists at Wood & Co. in London, said a report today.

To contact the reporter on this story: Piotr Bujnicki in Warsaw at pbujnicki@bloomberg.net

To contact the editor responsible for this story: Wojciech Moskwa at wmoskwa@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.