Polish Stocks: Eurocash, KGHM, Orlen, Pekao, PKO, TVN, Zachodni
Poland’s WIG20 Index gained 63.06, or 2.7 percent, to 2,403.33 at 1:24 p.m. in Warsaw, heading for the highest close since Sept. 1.
The following are among the most active stocks on the Warsaw Stock Exchange today. Stock symbols follow company names.
PKO Bank Polski SA (PKO PW), Poland’s biggest bank, gained for a second day, adding 2.8 percent to 36.7 zloty. Bank Pekao SA (PEO) , majority-owned by UniCredit SpA, rose 4.4 percent to 148.2 zloty and PZU SA (PZU PW), the country’s biggest insurer, increased 2.7 percent to 331.9 zloty.
Financial shares rallied across Europe after the region’s leaders agreed to expand a bailout plan to halt the sovereign debt crisis.
Eurocash SA (EUR) , Poland’s largest distributor of non- durable consumer goods, soared to the highest level since Aug. 4, climbing 5.6 percent to 27 zloty after gaining approval from the country’s antitrust regulator to buy distribution assets from Emperia Holding SA. (EMP)
Emperia (EMP PW) added 2.4 percent to 110.6 zloty, rising for a second day.
KGHM Polska Miedz SA (KGH) , the copper producer with the biggest European mine output, soared 7.3 percent to 157.4 zloty, a one-month high. Copper climbed on speculation demand will increase after European leaders reached a debt-relief accord with bank representatives.
PKN Orlen SA (PKN PW), Poland’s biggest oil company, gained 3.1 percent to 39.7 zloty, heading for the highest close in more than two months. Grupa Lotos SA (LTS) , the second-largest refiner, added 3.8 percent to 29.15 zloty, rising for the first time in three days as crude oil advanced.
TVN SA (TVN) lost 2.4 percent to 14.5 zloty, heading for the steepest drop in a week. Poland’s largest television network and its owner ITI Holdings SA started exclusive talks with Canal Plus on a “strategic” partnership in Poland.
Bank Zachodni WBK SA (BZW) rose 1.1 percent to 231.4 zloty, the highest intraday level since Aug. 3. Poland’s third- biggest bank by market value said third-quarter net income rose to 344.9 million zloty ($111 million) from 222.9 million zloty a year earlier. That exceeded the 291 million-zloty mean estimate of four analysts surveyed by Bloomberg News.
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