Polish Stocks: PBG, Warsaw Stock Exchange Shares Move in Warsaw
Poland’s WIG20 Index advanced 30.38, or 1.3 percent, to 2,382.94 as of 9:53 a.m. in Warsaw, heading for the second day of gains.
The following are among the most active stocks on the Warsaw Stock Exchange today. Stock symbols follow company names.
KGHM Polska Miedz SA (KGH) , Poland’s largest copper producer, jumped 2 percent to 167.7 zloty for the longest streak of gains since June 27. Copper advanced for a fifth session on optimism that the U.S. economy will recover and speculation that workers at Freeport-McMoRan Copper & Gold Inc.’s Grasberg mine may strike after talks on wages ended with no agreement.
PBG SA (PBG) jumped 4.3 percent to 95.75 zloty, poised for the biggest daily advance since July 4 after Poland’s third- largest builder reported better-than-expected first-half earnings. Net income rose to 97.5 million zloty ($34 million) from 61.2 million zloty a year earlier.
The Warsaw Stock Exchange (GPW) rose 1.6 percent to 43.34 zloty for the second day of gains. The operator of the Polish equity market said first-half net income rose to 71.5 million zloty from 54.4 million zloty a year earlier. That compares with the 70.1 million-zloty mean estimate of five analysts surveyed by Bloomberg.
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