Locked content Pension funds buy PLN 261 mln worth of stocks in February

Pension funds purchased stocks for PLN 261 million, according to estimations by brokerage Trigon. “We estimate that February was another month of purchases, with net worth of some PLN 261 million. The demand was equally distributed between Polish and foreign stocks, with PLN 127 million and PL...

Locked content Mabion to issue shares abroad, altering strategy

Biotech company Mabion will issue 5 million shares in a public offering carried out abroad, according to draft resolutions made during its shareholder meeting on Tuesday, the company said in a press statement. However, it wasn’t specific on the issuing location. “The shares will be issued in a publi...

Locked content UniCredit announces re-issuing of shares for mid-January

The WSE has suspended trading of shares in UniCredit, according to a press release by the latter on Friday. The investment and corporate bank, which also issues leases, requested that the Stock Exchange issue the suspension, as it said it planned to merge stock. UniCredit earlier said that the WSE b...

Locked content Pension funds with PLN 116 bln worth of stocks at the end of 2016

The total value of stocks held by Open Pension Funds (OFE) increased to PLN 116.2 billion at the end of December 2016. At the end of November it stood at PLN 108.7 billion, according to the Financial Supervision Authority (KNF). Foreign stocks held in OFE portfolios were valued at PLN 10.9 billion a...

Bank of America upgrades Polish stocks

Bank Of America Merril Lynch upgraded recommendation to neutral from underweight for Polish stocks with regard to expected European QE program and relatively low price of stocks compared to the cost of debt, the BofA Merril Lynch report stated.

Locked content WSE to develop in power and innovative firms segments

The Warsaw Stock Exchange would like to become a major player on the European energy trade market by 2020, its CEO Paweł Tamborski was quoted as saying by ISBnews. “While the financial market is historically settled, Warsaw can fight for a position in the energy sector,” Tamborski said during the Wa...

Locked content Work Service plans major shares issue for international investors

Employment agency Work Service is planning to issue 5.9 million shares in a private issue, daily Puls Biznesu wrote. The firm’s share price soared by 70 percent over the course of a year, and by 200 percent over the past two years. It now stands at PLN 18.6, a historic high, which means that theR...

Locked content J.W. Construction raises PLN 110 mln

Property developer J.W. Construction said on Thursday that it has completed a rights issue worth almost PLN 110 million. Investors purchased 34.79 million C-series shares out of the offered 40.55 million. The company said that the issue proceeds would be used to finance existing and planned property...