STOCKS NEWS Reuters Regional
Stocks
Stocks on the move [] Real-time Equity News []
[]
REGIONAL INDICES
Warsaw WIG20 <> Bucharest Beti <>
Budapest SE Index <> Prague PX <>
Zagreb Crobex <> Sofia Sofix <.SOFIX>
Ljubljana SBI20 <> Istanbul ISE National 100
<>
1502GMT 12Jan2009-OMV top gainer among oil stocks on IPIC
interest, leu
-----------------------------
Shares in Austrian oil and gas group OMV <OMVV.VI> rise as
much as 7 percent to 20.49 euros, topping gainers in the DJ
Stoxx oil and gas index <.SXEP>.
Analysts say the share is boosted by Saturday comments from
Abu Dhabi government-owned International Petroleum Investment
Company (IPIC), a key OMV shareholder, which says it may raise
its OMV stake.
Weakness in recent days of the Romanian leu <EURRON=> also
helps the stock as OMV's Petrom <SNPP.BX> unit has most revenues
in U.S. dollars but costs in leu and therefore benefits from the
currency's depreciation, analysts say.
"IPIC wants to buy shares -- it could be that the market is
speculating on that although they only said they were planning
that in the next five years," says RCB analyst Philipp Chladek.
"Also (OMV's) Petrom has new oil fields coming on stream in
March, and the Romanian leu is weak which is good for Petrom."
For more double click on []
rm://boris.groendahl.reuters.com@reuters.net
1305 12Jan2009 - Banks weigh on Warsaw indices
--------------------------------------------------------------
Warsaw banking index <.BNKI> hits 5-week low, with Poland's
top three listed banks, Pekao <BAPE.WA>, PKO <PKOB.WA> and BZ
WBK <BZWB.WA> fall as investors anticipate a tough year and
uninspiring fourth-quarter results, analysts say.
PKO leads blue-chip decliners, falling as much as 4 percent,
while BZ WBK is 2.7 percent down and Pekao 1 percent lower.
"Investors book their earlier gains as the sector is in for
a tough year in 2009, with fourth-quarter results awaited with a
few worries," said Jaroslaw Antonik, head analyst at KBC TFI.
Banks will start publishing their results in early February.
rm://adrian.krajewski.thomsonreuters.com@reuters.net
1244 12Jan2009 - KGHM retreats on weaker copper
--------------------------------------------------------------
Shares in Europe's top copper miner KGHM <KGHM.WA> fall as
much as 3.7 percent after copper <MCU3> dropped 6 percent on
talk that demand could suffer on lower purchases by China and
growing stockpiles.
KGHM shares have gained 16 percent this year after shedding
73 percent in 2008.
rm://chris.borowski.thomsonreuters.com@reuters.net
0817 12Jan2009 - Tarnow tumbles on option exposure
--------------------------------------------------------------
Polish chemicals maker Zaklady Azotowe Tarnow <ATTP.WA>
falls 8 percent in early trade on report its exposure to
currency options will wipe out as much as 20 million zlotys
($6.6 million) from its 2008 net profit.
Daily Parkiet quotes the company's chief executive as saying
Tarnow will nevertheless meet its 2008 full-year bottom line
target of 73.9 million zlotys.
Tarnow underperforms a 0.1 percent gain for Warsaw
broad-based WIG index <>.
rm://adrian.krajewski.thomsonreuters.com@reuters.net
