Polish Stocks: KGHM, Lotos, Orco, PGE, PKN Orlen Move in Warsaw
Poland’s WIG20 Index climbed to a one-month high, rising 18.10, or 0.7 percent, to 2,765.38 at the 4:30 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 copper producer with the biggest European mine output, climbed 7.1 zloty, or 4.7 percent, to a record 159 zloty as the price of the metal increased.
Orco Property Group SA (OPG PW) rose for the first time in three days in Warsaw trading, climbing 0.73 zloty, or 2.5 percent, to 29.99 zloty, after the real-estate developer in central Europe said it sold three properties in Prague worth 20.7 million euros ($27.6 million).
PGE SA (PGE PW) fell for a second day, declining 0.2 zloty, or 0.9 percent, to 22.3 zloty. The Polish antitrust regulator asked the country’s largest power utility to submit additional information regarding its plan to buy Energa SA, Parkiet reported, without citing anyone. The regulator delayed a final decision on whether to approve the transaction, which had been expected next week, according to the newspaper.
Separately, the company postponed the deadline for investors to place binding bids for its phone unit Exatel SA to Jan. 4
PKN Orlen SA (PKN PW), Poland’s biggest oil company, jumped 1.62 zloty, or 3.5 percent, to 47.97 zloty. Grupa Lotos SA (LTS PW), the second-largest refiner, rose 0.9 zloty, or 2.8 percent, to 32.6 zloty as oil climbed as much as 1.5 percent to $90.76 a barrel in New York.
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