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1400 GMT 07July2008 - Agora drops ahead of new employee shrs
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Poland's media group Agora <AGOD.WA> loses as much as 5.6 percent and is
down 3.4 percent as some investors dumped the sotck ahead of a new supply of
almost 1.845 million employee shares that enter trade at the end of the week.
The shares -- part of the employee stock program -- constitue 5.6 percent of
all Agora shares.
rm://adrian.krajewski.reuters.com@reuters.net
1048 GMT 07July2008 - Komercni gains on bargain hunting
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Czech lender Komercni Banka shares <BKOM.sp.PR> jumps more than 6 percent
as some investors snap up the stock after deep losses in recent sessions,
traders say.
Komercni shed 21 percent since mid June, mainly on concerns over the wider
banking sector.
At 1046 GMT the stock is up 6 percent to 3,550 crowns, outperforming the
main PX index <> which adds 0.9 percent.
Reuters Messaging rm://jana.mlcochova.reuters.com@reuters.net
0955 GMT 07July2008 - KGHM drops to lowest since March on weaker copper
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Europe's largest copper miner KGHM <KGHM.WA> slides 1.3 percent to its
lowest since March, tracking falling copper prices in Shanghai and London.
Copper eased both in Asian trade and on the London Stock Exchange after
mining workers in Peru, the world's second largest copper producer, decided on
Sunday to end a nationwide strike that had helped lift prices of metals.
KGHM's retreat helps drag Warsaw's WIG20 index <> to a new two-year
low. It's down 0.4 percent to 2,513.0.
Reuters Messaging rm://adrian.krajewski.reuters.com@reuters.net
0743 GMT 07July2008 - Unicredit cuts Pegas price target
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Unicredit cuts its price target for artificial textiles maker Pegas
Nonwovens <> to 684 crowns from 699 crowns and reiterated its 'buy'
rating, saying the company's 2008 earnings guidance is under pressure.
"Pegas' export-oriented business is suffering from the appreciating crown
against the euro which has a negative impact on the company's operations, as 77
percent of cash operating costs are naturally hedged (purchases of
polypropylene) against close to 100 percent eur-based revenue," Unicredit says
in a report.
At 0739 GMT Pegas is 1.1 percent lower at 330 crowns, versus a 0.9 percent
gain for the PX index <>.
Reuters Messaging rm://jana.mlcochova.reuters.com@reuters.net
