STOCKS NEWS EMERGING EUROPE-Warsaw,Budapest up on cbank comments

                                
 STOCKS NEWS                     Reuters           Regional
Stocks
                                
 Stocks on the move [HOT-RTRS]   Real-time Equity News [E]
 [.CEE]
                                
 REGIONAL INDICES
                                
 Warsaw WIG20 <.WIG20>          Bucharest Beti <.BETI>
                                
 Budapest SE Index <.BUX>       Prague PX <.PX>
                                
 Zagreb Crobex <.CRBEX>         Sofia Sofix <.SOFIX>
                                
 Ljubljana SBI20 <.SBI>         Istanbul ISE National 100
<.XU100>
                                
 
                                
 1350 23Feb2009 - Warsaw, Budapest up on c.bank comments
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 The Warsaw and Budapest bourses gain ground after the
region's central banks make coordinated comments to prop up
their ailing currencies. [nLN466658]
                                
 Warsaw's benchmark WIG20 index <WIG20> is up 0.6 percent,
while Budapest's BUX <.BUX> erases most of earlier losses and is
down 0.6 percent.
                                
 "The market was already rebounding, but this news helped the
trend," said UniCredit broker Sebastian Siejko.
                                
 Prague's PX index <.PX> is mostly unchanged, up 0.8 percent.
                                
 rm://adrian.krajewski.thomsonreuters.com@reuters.net
                                
 
                                
 
                                
 1156 23Feb2009 - BZ WBK raises TPSA to buy, cuts target
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 BZ WBK brokerage raises its recommendation for Polish
telecoms group TPSA <TPSA.WA> to "buy" from "hold", but cuts its
price target by 0.3 zlotys to 21.2 zlotys.
                                
 TPSA shares are flat at 18.50 zlotys.
                                
 rm://adrian.krajewski.thomsonreuters.com@reuters.net

                                
 
                                
 1032 23Feb2009 - Hungarian shares fall, OTP leads way
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 Budapest's benchmark BUX index <.BUX> fell as much as 2.7
percent in morning trade while most other regional markets were
in the positive territory, as heavyweight OTP Bank <OTPB.BU>
gave back the gains from Friday's late-session rally.
                                
 On Friday, OTP Bank <OTPB.BU> erased most of a 12 percent
intraday fall when the bank bought back 500,000 of its own
shares. The stock is down almost 5 percent on Monday.
                                
 "OTP is big enough to carry the market on its back and
that's what it did on Friday," a trader said. "OTP bought back
its shares, that lifted the price and everybody followed. OTP's
not on the market today and there's nobody else on the market
except for short sellers."
                                
 rm://balazs.koranyi.thomsonreuters.com@reuters.net
                                
 
                                
 1029 23Feb2009 - Erste ups Ambra to 'hold' from 'sell'
 --------------------------------------------------------------
                                
 Erste upgrades Polish wine maker and distributor Ambra
<AMRR.WA> to 'hold' from 'sell' following the stock's recent
slide.
                                
 The brokerage cut the target price for Ambra to 1.5 zlotys
per share from 2.5 zlotys. Ambra rises 5 percent to 1.45 zlotys.
                                
 rm://adrian.krajewski.thomsonreuters.com@reuters.net