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1327 06Feb2009 - PGNiG, defensive stocks cap Warsaw gains
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Poland's dominant gas group PGNiG <PGNI.WA> leads Warsaw
blue-chip decliners with a 6.5 percent fall to 3.45 zlotys, as
investors swap defensive stocks for battered banks and commodity
stocks, analysts and brokers say.
PGNiG has been among the best performers this year, having
gained 2.5 percent this year versus a 17-percent drop of
Warsaw's main WIG20 index <>.
The country's incumbent phone group TPSA <TPSA.WA> and
Eastern Europe's largest IT group Asseco Poland <SOBK.WA> joined
in to limit WIG20's 2.0-percent rise with falls of 0.5 and 1.8
percent, respectively.
rm://adrian.krajewski.thomsonreuters.com@reuters.net
0937 06Feb2009 - Svilosa plunges on production halt
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Shares in Bulgaria's leading pulp producer <SVIL.BB> nearly
halve in value in early trade after its key unit Svilocell said
it would temporarily halt production due to a sharp drop in
orders.
Svilosa's stock drops 46.2 percent to 0.32 levs, a new
all-time low, in a thin trade on the Sofia's bourse.
Its 2008 net profit dropped 85 percent to 605,000 levs
($396,500) due to slumping sales following the global economic
slowdown.
rm://tsvetelia.ilieva.thomsonreuters.com@reuters.net
0845 06Feb2009 - -Foreign buyers push Warsaw higher
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Foreign buyers encouraged by the weaker Polish currency step
in to snap up recently discounted financial stocks, including
largest banks Pekao SA <BAPE.WA> and PKO BP <PKOB.WA>, to push
Warsaw's benchmark WIG20 index <> as much as 3 percent
higher.
"We've been seeing higher trade in the last couple of days,
which points to increased activity by foreign buyers. They were
likely encouraged by the weaker zloty, which makes prices more
attractive," said Marek Przytula of Millennium brokerage.
Other top gainers include refiners Lotos <LTOS.WA> and PKN
<PKNA.WA>, copper miner KGHM <KGHM.WA> and lenders BRE <BREP.WA>
and ING Bank Slaski <SLAS.WA>.
rm://chris.borowski.thomsonreuters.com@reuters.net
0835 06Feb2009 - KGHM shares gain on copper rise
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Shares in Europe's largest copper miner KGHM <KGHM.WA rise
as much as 6.5 percent to a 4-month high of 34.60 zlotys after
copper prices <MCU3> gained 5 percent on hopes of recovery in
China. []
"We also have the weak zloty factor, which will also help
KGHM results," said PKO brokerage analyst Marcin Sojka.
rm://agnieszka.barteczko.thomsonreuters.com@reuters.net
