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REGIONAL INDICES
Warsaw WIG20 <> Bucharest Beti <>
Budapest SE Index <> Prague PX <>
Zagreb Crobex <> Sofia Sofix <.SOFIX>
Ljubljana SBI20 <> Istanbul ISE National 100
<>
1500 18Feb2009 - Warsaw turns higher as zloty gains
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Warsaw's benchmark WIG20 index <> moves into positive
territory, rising as much as 3.1 percent thanks to the
recovering zloty and improved sentiment on U.S. markets.
"We are having a rollercoaster day," said Wojciech Wosko,
dealer at BZ WBK brokerage. "The zloty strengthening certainly
helped, there was a strong correlation between the markets in
last couple of weeks."
Refiner PKN Orlen <PKNA.WA> leads among the gainers, with
its shares rising 6.4 percent, while copper miner KGHM <KGHM.WA>
rising 27 percent.
rm://patryk.wasilewski.thomsonreuters.com@reuters.net
1130 18Feb2009 - Warsaw stocks pare losses on zloty bounce
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Warsaw stocks pare losses with banks recovering some ground
after a senior ruling party official said Poland was in talks to
enter pre-euro exchange mechanism helping push the embattled
zloty higher. []
"The news fell on fertile soil because the market had been
through a long sell-off," Warsaw-based dealer said.
Warsaw's benchmark WIG 20 <> index was down 1.2
percent after diving as much as 5.6 percent to the lowest level
since August 2003 earlier.
rm://adrian.krajewski.thomsonreuters.com@reuters.net
rm://piotr.skolimowski.thomsonreuters.com@reuters.net
0920 18Feb2009 - CEE bourses continue retreat
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Warsaw, Prague and Budapest exchanges extend losses in
morning trade to fall to fresh multi-year lows as investors
continue to dump central and east European stocks on concerns
over the region's economies and ailing currencies.
"We're continuing yesterday's slide with the selling
pressure coming from London," said a Warsaw-based trader.
"There's no buying from local players."
Warsaw's benchmark WIG20 index <> falls as much as 5.6
percent to its lowest since August 2003 as Prague scrapes its
lowest levels since October 2004, falling 6.8 percent. Budapest
drops 5.5 percent.
Banking stocks continue to lead in the loss column, with
Poland's top two banks PKO BP <PKOB.WA> and Pekao <BAPE.WA>
falling 5.7 and 7.1 percent. Czech's lone listed bank, Komercni
<> loses 12 percent.
"It's panic. There are no buyers, whenever an order for
buying appears everyone wants to sell, volumes are tiny and
there are concerns that U.S. markets will drop again," said
Filip Kejla, a trader at Wood & Co. "Investors are fleeing the
region."
rm://adrian.krajewski.thomsonreuters.com@reuters.net
rm://jana.mlcochova.thomsonreuters.com@reuters.net
0915 18Feb2009 - Slaski slides on wider Q4 loss
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Shares in ING Bank Slaski <SLAS.WA> slump almost 10 percent
to an all-time low of 230 zlotys after it reported
wider-than-expected net loss in the fourth quarter, weighed down
by balooning losses related to currency options. []
rm://piotr.skolimowski.thomsonreuters.com@reuters.net
0830 18Feb2009 - Wood raises Police to 'hold'
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Wood and Company brokerage raises Polish chemical maker
Police <PICE.WA> to hold' from 'sell' following a 27-percent
drop in its share price, saying the company is starting to
benefit from a seasonal uptick in demand for fertilisers.
By 0830 GMT shares in Police gain 1.3 percent to 4.61 zlotys
compared to a 0.9 percent decline for Warsaw's broad WIG <>
index.
rm://piotr.skolimowski.thomsonreuters.com@reuters.net
