RATINGS
Overview of breakdown in relative terms of our investment ratings (as of 22 June 2020)
| number of recommendations | as percentage | |
| Buy | 27 | 50% |
| Hold | 10 | 19% |
| Sell | 3 | 6% |
| Coverage in transition | 11 | 20% |
| Restricted | 3 | 6% |
| Total | 54 |
History of rating regarding recommendation changes as of
| Company | Date | Recommendation | Target Price | Actual Price | Analyst | Validity of Recommendation |
| PKO BP | 7 July 2020 | Buy | PLN 25.60 | PLN 23.30 | Jerzy Kosiński, CFA | 7 July 2021 |
| Santander BP | 7 July 2020 | Hold | PLN 184.30 | PLN 173.50 | Jerzy Kosiński, CFA | 7 July 2021 |
| mBank | 7 July 2020 | Sell | PLN 215.80 | PLN 236.40 | Jerzy Kosiński, CFA | 7 July 2021 |
| ING | 7 July 2020 | Hold | PLN 152.40 | PLN 151.60 | Jerzy Kosiński, CFA | 7 July 2021 |
| Millennium | 7 July 2020 | Hold | PLN 3.30 | PLN 3.10 | Jerzy Kosiński, CFA | 7 July 2021 |
| Handlowy | 7 July 2020 | Hold | PLN 40.90 | PLN 39.20 | Jerzy Kosiński, CFA | 7 July 2021 |
| AB | 25 May 2020 | Buy | PLN 30.40 | PLN 23.9 | Łukasz Kosiarski | 25 May 2021 |
| PGE | 19 May 2020 | Hold | PLN 4.50 | PLN 4.24 | Maksymilian Piotrowski | 19 May 2021 |
| PGNiG | 11 May 2020 | Buy | PLN 4.86 | PLN 3.72 | Krzysztof Kozieł, CFA | 11 May 2021 |
| Lotos | 11 May 2020 | Hold | PLN 62.88 | PLN 60.66 | Krzysztof Kozieł, CFA | 11 May 2021 |
| PKN Orlen | 11 May 2020 | Buy | PLN 78.20 | PLN 62.82 | Krzysztof Kozieł, CFA | 11 May 2021 |
| Comarch | 8 May 2020 | Buy | PLN 268 | PLN 209 | Łukasz Kosiarski | 8 May 2021 |
| Livechat Software | 8 May 2020 | Buy | PLN 80 | PLN 58.8 | Łukasz Kosiarski | 8 May 2021 |
| Asseco Poland | 8 May 2020 | Hold | PLN 75.00 | PLN 71.1 | Łukasz Kosiarski | 8 May 2021 |
| CD Projekt | 16 April 2020 | Buy | PLN 392 | PLN 342.2 | Łukasz Kosiarski | 16 April 2021 |
| Ten Square Games | 26 March 2020 | Buy | PLN 350.00 | PLN 274 | Łukasz Kosiarski | 26 March 2021 |
| CCC | 19 March 2020 | Restricted | - | - | Maria Mickiewicz | - |
| Ciech | 24 February 2020 | Buy | PLN 45.46 | PLN 36.00 | Krzysztof Kozieł, CFA | 23 February 2021 |
| Orange Polska | 14 February 2020 | Hold | PLN 7.20 | PLN 7.11 | Łukasz Kosiarski | 13 February 2021 |
| Kety | 06 February 2020 | Hold | PLN 431.00 | PLN 395.50 | Marcin Gątarz, CFA | 05 February 2021 |
| Amica | 3 January 2020 | Not rated | - | - | - | - |
| Develia | 3 January 2020 | Not rated | - | - | - | - |
| Getin Noble | 3 January 2020 | Not rated | - | - | - | - |
| PKP Cargo | 3 January 2020 | Not rated | - | - | - | - |
| Stalprodukt | 3 January 2020 | Not rated | - | - | - | - |
| XTB | 3 January 2020 | Not rated | - | - | - | - |
| ZE PAK | 3 January 2020 | Not rated | - | - | - | - |
| PKO BP | 3 December 2019 | Buy | PLN 45.20 | PLN 36.10 | Jerzy Kosiński, CFA | 2 December 2020 |
| Santander | 3 December 2019 | Buy | PLN 330.30 | PLN 275.00 | Jerzy Kosiński, CFA | 2 December 2020 |
| mBank | 3 December 2019 | Sell | PLN 343.00 | PLN 372.20 | Jerzy Kosiński, CFA | 2 December 2020 |
| ING BSK | 3 December 2019 | Hold | PLN 190.60 | PLN 190.00 | Jerzy Kosiński, CFA | 2 December 2020 |
| Alior | 3 December 2019 | Buy | PLN 37.80 | PLN 29.50 | Jerzy Kosiński, CFA | 2 December 2020 |
| Handlowy | 3 December 2019 | Hold | PLN 53.60 | PLN 52.00 | Jerzy Kosiński, CFA | 2 December 2020 |
| Millennium | 3 December 2019 | Buy | PLN 8.00 | PLN 5.50 | Jerzy Kosiński, CFA | 2 December 2020 |
| PGE | 3 December 2019 | Hold | PLN 9.25 | PLN 8.72 | Maksymilian Piotrowski | 2 December 2020 |
| Tauron | 3 December 2019 | Hold | PLN 1.87 | PLN 1.78 | Maksymilian Piotrowski | 2 December 2020 |
| Enea | 3 December 2019 | Buy | PLN 11.37 | PLN 8.95 | Maksymilian Piotrowski | 2 December 2020 |
| Energa | 3 December 2019 | Hold | PLN 7.41 | PLN 6.89 | Maksymilian Piotrowski | 2 December 2020 |
| CEZ | 3 December 2019 | Buy | CZK 652.70 | CZK 509.70 | Maksymilian Piotrowski | 2 December 2020 |
| Lotos | 3 December 2019 | Buy | PLN 104.22 | PLN 91.68 | Krzysztof Kozieł, CFA | 2 December 2020 |
| PKN Orlen | 3 December 2019 | Hold | PLN 96.80 | PLN 92.90 | Krzysztof Kozieł, CFA | 2 December 2020 |
| PGNiG | 3 December 2019 | Buy | PLN 5.46 | PLN 4.62 | Krzysztof Kozieł, CFA | 2 December 2020 |
| KGHM | 3 December 2019 | Sell | PLN 82.10 | PLN 89.90 | Marcin Gątarz, CFA | 2 December 2020 |
| JSW | 3 December 2019 | Hold | PLN 21.30 | PLN 20.90 | Marcin Gątarz, CFA | 2 December 2020 |
| Bogdanka | 3 December 2019 | Buy | PLN 52.50 | PLN 37.30 | Marcin Gątarz, CFA | 2 December 2020 |
| CD Projekt | 3 December 2019 | Buy | PLN 316.00 | PLN 269.20 | Łukasz Kosiarski | 2 December 2020 |
| 11 Bit Studios | 3 December 2019 | Buy | PLN 497.90 | PLN 348.50 | Łukasz Kosiarski | 2 December 2020 |
| PlayWay | 3 December 2019 | Hold | PLN 190.00 | PLN 177.80 | Łukasz Kosiarski | 2 December 2020 |
| Ten Square Games | 3 December 2019 | Buy | PLN 225.00 | PLN 168.00 | Łukasz Kosiarski | 2 December 2020 |
| Cyfrowy Polsat | 3 December 2019 | Hold | PLN 29.70 | PLN 27.92 | Łukasz Kosiarski | 2 December 2020 |
| Orange Polska | 3 December 2019 | Hold | PLN 6.82 | PLN 6.39 | Łukasz Kosiarski | 2 December 2020 |
| Play Communications | 3 December 2019 | Buy | PLN 38.50 | PLN 32.70 | Łukasz Kosiarski | 2 December 2020 |
| Asseco Poland | 3 December 2019 | Buy | PLN 63.00 | PLN 56.65 | Łukasz Kosiarski | 2 December 2020 |
| Eurocash | 3 December 2019 | Sell | PLN 20.50 | PLN 22.28 | Maria Mickiewicz | 2 December 2020 |
| Dino Polska | 3 December 2019 | Hold | PLN 143.00 | PLN 135.20 | Maria Mickiewicz | 2 December 2020 |
| Jeronimo Martins | 3 December 2019 | Buy | EUR 17.30 | EUR 14.50 | Maria Mickiewicz | 2 December 2020 |
| LPP | 3 December 2019 | Buy | PLN 10300.00 | PLN 8700.00 | Maria Mickiewicz | 2 December 2020 |
| CCC | 3 December 2019 | Hold | PLN 118.00 | PLN 112.40 | Maria Mickiewicz | 2 December 2020 |
| AmRest | 3 December 2019 | Buy | PLN 54.50 | PLN 47.00 | Maria Mickiewicz | 2 December 2020 |
| VRG | 3 December 2019 | Buy | PLN 4.80 | PLN 3.94 | Maria Mickiewicz | 2 December 2020 |
| InterCars | 3 December 2019 | Buy | PLN 216.10 | PLN 191.00 | Maksymilian Piotrowski | 2 December 2020 |
| Auto Partner | 3 December 2019 | Buy | PLN 7.00 | PLN 4.46 | Maksymilian Piotrowski | 2 December 2020 |
| GTC | 3 December 2019 | Hold | PLN 10.30 | PLN 9.36 | Maria Mickiewicz | 2 December 2020 |
| Echo Investment | 3 December 2019 | Buy | PLN 5.80 | PLN 4.72 | Maria Mickiewicz | 2 December 2020 |
| Azoty Group | 3 December 2019 | Buy | PLN 36.99 | PLN 32.02 | Krzysztof Kozieł, CFA | 2 December 2020 |
| Benefit Systems | 3 December 2019 | Hold | PLN 900.00 | PLN 834.00 | Maria Mickiewicz | 2 December 2020 |
| Alumetal | 3 December 2019 | Buy | PLN 44.80 | PLN 40.00 | Marcin Gątarz, CFA | 2 December 2020 |
| Ferro | 3 December 2019 | Buy | PLN 24.90 | PLN 14.70 | Marcin Gątarz, CFA | 2 December 2020 |
| Kety | 3 December 2019 | Buy | PLN 361.50 | PLN 318.00 | Marcin Gątarz, CFA | 2 December 2020 |
| Astarta Holding | 3 December 2019 | Hold | PLN 18.10 | PLN 15.90 | Marcin Gątarz, CFA | 2 December 2020 |
| Kernel Holding | 3 December 2019 | Buy | PLN 54.40 | PLN 41.50 | Marcin Gątarz, CFA | 2 December 2020 |
| AB | 3 December 2019 | Buy | PLN 29.50 | PLN 22.60 | Łukasz Kosiarski | 2 December 2020 |
| Mabion | 3 December 2019 | Buy | PLN 114.70 | PLN 99.40 | Łukasz Kosiarski | 2 December 2020 |
| CD Projekt | 3 December 2019 | Buy | PLN 316.00 | PLN 262.50 | Łukasz Kosiarski | 2 December 2020 |
| Auto Partners | 2 December 2019 | Buy | PLN 7.00 | PLN 4.46 | Maksymilian Piotrowski | 1 December 2020 |
| Inter Cars | 2 December 2019 | Buy | PLN 216.10 | PLN 191.00 | Maksymilian Piotrowski | 1 December 2020 |
| Grupa Azoty | 25 November 2019 | Buy | PLN 36.99 | PLN 32.02 | Krzysztof Kozieł, CFA | 24 November 2020 |
| Astarta | 20 November 2019 | Hold | PLN 18.10 | PLN 15.80 | Marcin Gątarz, CFA | 19 November 2020 |
| Kernel Holding | 20 November 2019 | Buy | PLN 54.40 | PLM 41.75 | Marcin Gątarz, CFA | 19 November 2020 |
| Echo Investment | 25 October 2019 | Buy | PLN 5.00 | PLN 4.38 | Maria Mickiewicz | 24 October 2020 |
| PKO BP | 9 October 2019 | Buy | PLN 44.20 | PLN 37.50 | Jerzy Kosiński, CFA | 8 October 2020 |
| Santander | 9 October 2019 | Buy | PLN 329.70 | PLN 286.00 | Jerzy Kosiński, CFA | 8 October 2020 |
| mBank | 9 October 2019 | Sell | PLN 323.50 | PLN 346.80 | Jerzy Kosiński, CFA | 8 October 2020 |
| ING Bank Slaski | 9 October 2019 | Sell | PLN 193.60 | PLN 194.8 | Jerzy Kosiński, CFA | 8 October 2020 |
| Millennium | 9 October 2019 | Buy | PLN 7.80 | PLN 5.50 | Jerzy Kosiński, CFA | 8 October 2020 |
| Alior Bank | 9 October 2019 | Buy | PLN 47.30 | PLN 35.80 | Jerzy Kosiński, CFA | 8 October 2020 |
| Handlowy | 9 October 2019 | Hold | PLN 53.20 | PLN 50.00 | Jerzy Kosiński, CFA | 8 October 2020 |
| Cyfrowy Polsat | 8 October 2019 | Buy | PLN 30.70 | PLN 27.82 | Łukasz Kosiarski | 7 October 2020 |
| Orange Polska | 8 October 2019 | Buy | PLN 6.30 | PLN 5.41 | Łukasz Kosiarski | 7 October 2020 |
| Play Communications | 8 October 2019 | Buy | PLN 35.90 | PLN 27.34 | Łukasz Kosiarski | 7 October 2020 |
| CCC | 1 October 2019 | Hold | PLN 144.00 | PLN 139.10 | Maria Mickiewicz | 30 September 2020 |
| PKN Orlen | 30 September 2019 | Hold | PLN 101.15 | PLN 97.86 | Krzysztof Kozieł, CFA | 29 September 2020 |
| Lotos | 30 September 2019 | Buy | PLN 105.50 | PLN 88.60 | Krzysztof Kozieł, CFA | 29 September 2020 |
| PGNiG | 30 September 2019 | Hold | PLN 5.00 | PLN 4.79 | Krzysztof Kozieł, CFA | 29 September 2020 |
| LPP | 16 September 2019 | Buy | PLN 9500.00 | PLN 7920.00 | Maria Mickiewicz | 15 September 2020 |
| Eurocash | 3 September 2019 | Hold | PLN 21.50 | PLN 20.54 | Maria Mickiewicz | 2 September 2020 |
| KGHM | 23 August 2019 | Hold | PLN 79.60 | PLN 74.78 | Marcin Gątarz, CFA | 22 August 2020 |
| Dino Polska | 23 August 2019 | Hold | PLN 159.00 | PLN 149.60 | Maria Mickiewicz | 22 August 2020 |
| CEZ | 25 July 2019 | Buy | CZK 649.40 | CZK 528.40 | Maksymilian Piotrowski | 24 July 2020 |
| PKO BP | 22 July 2019 | In transition | - | - | - | - |
| Santander | 22 July 2019 | In transition | - | - | - | - |
| mBank | 22 July 2019 | In transition | - | - | - | - |
| ING Bank Slaski | 22 July 2019 | In transition | - | - | - | - |
| Alior Bank | 22 July 2019 | In transition | - | - | - | - |
| Handlowy | 22 July 2019 | In transition | - | - | - | - |
| Millennium | 22 July 2019 | In transition | - | - | - | - |
| OTP Bank | 22 July 2019 | In transition | - | - | - | - |
| Komercni banka | 22 July 2019 | In transition | - | - | - | - |
| PGNiG | 21 June 2019 | In transition | - | - | - | - |
| PKN Orlen | 21 June 2019 | In transition | - | - | - | - |
| Lotos | 21 June 2019 | In transition | - | - | - | - |
| Ciech | 21 June 2019 | In transition | - | - | - | - |
| Grupa Azoty | 21 June 2019 | In transition | - | - | - | - |
| LPP | 11 June 2019 | Hold | PLN 7800.00 | PLN 7220.00 | Maria Mickiewicz | 10 June 2020 |
| CCC | 11 June 2019 | Sell | PLN 140.00 | PLN 150.50 | Maria Mickiewicz | 10 June 2020 |
| AmRest | 11 June 2019 | Buy | PLN 47.50 | PLN 38.05 | Maria Mickiewicz | 10 June 2020 |
| VRG | 11 June 2019 | Buy | PLN 5.70 | PLN 3.85 | Maria Mickiewicz | 10 June 2020 |
| Monnari | 11 June 2019 | Hold | PLN 6.20 | PLN 5.78 | Maria Mickiewicz | 10 June 2020 |
| Dino Polska | 11 June 2019 | Buy | PLN 153.00 | PLN 125.50 | Maria Mickiewicz | 10 June 2020 |
| Eurocash | 11 June 2019 | Sell | PLN 19.00 | PLN 20.12 | Maria Mickiewicz | 10 June 2020 |
| Jeronimo Martins | 11 June 2019 | Buy | EUR 16.50 | EUR 14.33 | Maria Mickiewicz | 10 June 2020 |
| CD Projekt | 11 June 2019 | Hold | PLN 222.70 | PLN 212.00 | Łukasz Kosiarski | 10 June 2020 |
| 11 Bit Studios | 11 June 2019 | Buy | PLN 466.2 | PLN 393.00 | Łukasz Kosiarski | 10 June 2020 |
| Ten Square Games | 11 June 2019 | Buy | PLN 142.5 | PLN 124.60 | Łukasz Kosiarski | 10 June 2020 |
| PlayWay | 11 June 2019 | Hold | PLN 189.00 | PLN 177.40 | Łukasz Kosiarski | 10 June 2020 |
| Cyfrowy Polsat | 11 June 2019 | Buy | PLN 32.60 | PLN 28.10 | Łukasz Kosiarski | 10 June 2020 |
| Orange Polska | 11 June 2019 | Hold | PLN 6.31 | PLN 5.88 | Łukasz Kosiarski | 10 June 2020 |
| Play Communications | 11 June 2019 | Buy | PLN 38.90 | PLN 31.00 | Łukasz Kosiarski | 10 June 2020 |
| Asseco Poland | 11 June 2019 | Hold | PLN 56.40 | PLN 52.50 | Łukasz Kosiarski | 10 June 2020 |
| KGHM | 11 June 2019 | Sell | PLN 90.50 | PLN 94.76 | Marcin Gątarz, CFA | 10 June 2020 |
| JSW | 11 June 2019 | Buy | PLN 65.60 | PLN 48.94 | Marcin Gątarz, CFA | 10 June 2020 |
| Bogdanka | 11 June 2019 | Buy | PLN 59.80 | PLN 34.45 | Marcin Gątarz, CFA | 10 June 2020 |
| PGE | 11 June 2019 | Hold | PLN 9.72 | PLN 8.92 | Maksymilian Piotrowski | 10 June 2020 |
| Enea | 11 June 2019 | Buy | PLN 11.18 | PLN 8.32 | Maksymilian Piotrowski | 10 June 2020 |
| Tauron PE | 11 June 2019 | Buy | PLN 1.85 | PLN 1.51 | Maksymilian Piotrowski | 10 June 2020 |
| Energa | 11 June 2019 | Hold | PLN 7.85 | PLN 7.33 | Maksymilian Piotrowski | 10 June 2020 |
| GTC | 11 June 2019 | Buy | PLN 9.90 | PLN 8.15 | Maria Mickiewicz | 10 June 2020 |
| Echo Investment | 11 June 2019 | Hold | PLN 4.00 | PLN 3.75 | Maria Mickiewicz | 10 June 2020 |
| Kernel Holding | 11 June 2019 | Buy | PLN 59.20 | PLN 48.25 | Marcin Gątarz, CFA | 10 June 2020 |
| Astarta Holding | 11 June 2019 | Hold | PLN 27.80 | PLN 24.40 | Marcin Gątarz, CFA | 10 June 2020 |
| Kety | 11 June 2019 | Hold | PLN 352.10 | PLN 340.00 | Marcin Gątarz, CFA | 10 June 2020 |
| Alumetal | 11 June 2019 | Buy | PLN 43.70 | PLN 38.30 | Marcin Gątarz, CFA | 10 June 2020 |
| Ferro | 11 June 2019 | Buy | PLN 24.00 | PLN 14.00 | Marcin Gątarz, CFA | 10 June 2020 |
| AB S.A. | 11 June 2019 | Buy | PLN 26.70 | PLN 15.25 | Łukasz Kosiarski | 10 June 2020 |
| Mabion | 11 June 2019 | Buy | PLN 116.40 | PLN 73.50 | Łukasz Kosiarski | 10 June 2020 |
| Cyfrowy Polsat | 4 June 2019 | Buy | PLN 29.90 | PLN 26.08 | Łukasz Kosiarski | 3 June 2020 |
| Orange Polska | 4 June 2019 | Hold | PLN 5.40 | PLN 5.20 | Łukasz Kosiarski | 3 June 2020 |
| Play Communications | 4 June 2019 | Buy | PLN 30.30 | PLN 26.06 | Łukasz Kosiarski | 3 June 2020 |
| Grupa Azoty | 15 May 2019 | Buy | PLN 42.8 | PLN 34.90 | Katarzyna Włodarczyk, CFA | 14 May 2020 |
| JSW | 23 April 2019 | Buy | PLN 68.80 | PLN 58.75 | Marcin Gątarz, CFA | 22 April 2020 |
| Ten Square Games | 9 April 2019 | Buy | PLN 140.00 | PLN 118.00 | Łukasz Kosiarski | 8 April 2020 |
| PlayWay | 9 April 2019 | Hold | PLN 195.00 | PLN 183.80 | Łukasz Kosiarski | 8 April 2020 |
| 11 Bit Studios | 9 April 2019 | Buy | PLN 455.0 | PLN 392.00 | Łukasz Kosiarski | 8 April 2020 |
| CD Projekt | 9 April 2019 | Hold | PLN 211.00 | PLN 204.00 | Łukasz Kosiarski | 8 April 2020 |
| Dino Polska | 2 April 2019 | Buy | PLN 152.00 | PLN 126.10 | Maria Mickiewicz | 1 April 2020 |
| Eurocash | 2 April 2019 | Sell | PLN 19.60 | PLN 22.58 | Maria Mickiewicz | 1 April 2020 |
| PKN Orlen | 26 March 2019 | Buy | PLN 112.6 | PLN 98.7 | Katarzyna Włodarczyk, CFA | 25 March 2020 |
| Lotos | 26 March 2019 | Buy | PLN 101.6 | PLN 85.0 | Katarzyna Włodarczyk, CFA | 25 March 2020 |
| Cyfrowy Polsat | 22 March 2019 | Buy | PLN 30.30 | PLN 26.24 | Łukasz Kosiarski | 21 March 2020 |
| Monnari | 19 March 2019 | Buy | PLN 7.20 | PLN 6.30 | Maria Mickiewicz | 18 March 2020 |
| AmRest | 19 March 2019 | Hold | PLN 49.70 | PLN 47.30 | Maria Mickiewicz | 18 March 2020 |
| Ferro | 6 March 2019 | Buy | PLN 23.70 | PLN 14.50 | Marcin Gątarz, CFA | 5 March 2020 |
| Bank Handlowy | 15 February 2019 | Sell | PLN 64.00 | PLN 67.60 | Kamil Stolarski, CFA | 15 February 2020 |
| ING Bank Slaski | 14 February 2019 | Sell | PLN 187.00 | PLN 200.00 | Kamil Stolarski, CFA | 14 February 2020 |
| CCC | 31 January 2019 | Hold | PLN 195.00 | PLN 183.20 | Maria Mickiewicz | 31 January 2020 |
| AmRest | 22 January 2019 | Buy | PLN 48.00 | PLN 38.80 | Maria Mickiewicz | 22 January 2020 |
| Eurocash | 10 January 2019 | Sell | PLN 17.20 | PLN 19.02 | Maria Mickiewicz | 10 January 2020 |
| Mabion | 28 November 2018 | Buy | PLN 145.10 | PLN 84.30 | Łukasz Kosiarski | 28 November 2019 |
| AB S.A. | 28 November 2018 | Buy | PLN 28.20 | PLN 18.15 | Łukasz Kosiarski | 28 November 2019 |
| Kernel Holding | 28 November 2018 | Hold | PLN 59.90 | PLN 55.50 | Marcin Gątarz, CFA | 28 November 2019 |
| Astarta Holding | 28 November 2018 | Hold | PLN 34.00 | PLN 29.60 | Marcin Gątarz, CFA | 28 November 2019 |
| Kety | 28 November 2018 | Hold | PLN 344.30 | PLN 331.00 | Marcin Gątarz, CFA | 28 November 2019 |
| Ferro | 28 November 2018 | Buy | PLN 20.00 | PLN 13.50 | Marcin Gątarz, CFA | 28 November 2019 |
| Alumetal | 28 November 2018 | Buy | PLN 51.20 | PLN 44.20 | Marcin Gątarz, CFA | 28 November 2019 |
| Grupa Azoty | 28 November 2018 | Sell | PLN 28.50 | PLN 33.10 | Katarzyna Włodarczyk, CFA | 28 November 2019 |
| Ciech | 28 November 2018 | Buy | PLN 53.60 | PLN 42.30 | Katarzyna Włodarczyk, CFA | 28 November 2019 |
| Echo Investment | 28 November 2018 | Hold | PLN 4.30 | PLN 3.92 | Maria Mickiewicz | 28 November 2019 |
| GTC | 28 November 2018 | Buy | PLN 10.00 | PLN 8.50 | Maria Mickiewicz | 28 November 2019 |
| Monnari | 28 November 2018 | Hold | PLN 5.10 | PLN 4.79 | Maria Mickiewicz | 28 November 2019 |
| VRG | 28 November 2018 | Buy | PLN 5.30 | PLN 3.89 | Maria Mickiewicz | 28 November 2019 |
| AmRest | 28 November 2018 | Buy | PLN 51.30 | PLN 37.45 | Maria Mickiewicz | 28 November 2019 |
| CCC | 28 November 2018 | Buy | PLN 220.00 | PLN 187.00 | Maria Mickiewicz | 28 November 2019 |
| LPP | 28 November 2018 | Sell | PLN 7,350.00 | PLN 7,975.00 | Maria Mickiewicz | 28 November 2019 |
| Dino Polska | 28 November 2018 | Buy | PLN 135.00 | PLN 86.50 | Maria Mickiewicz | 28 November 2019 |
| Eurocash | 28 November 2018 | Hold | PLN 18.50 | PLN 17.20 | Maria Mickiewicz | 28 November 2019 |
| Asseco Poland | 28 November 2018 | Buy | PLN 59.40 | PLN 47.42 | Łukasz Kosiarski | 28 November 2019 |
| Play Communications | 28 November 2018 | Buy | PLN 20.40 | PLN 16.54 | Łukasz Kosiarski | 28 November 2019 |
| Orange Polska | 28 November 2018 | Hold | PLN 5.00 | PLN 4.91 | Łukasz Kosiarski | 28 November 2019 |
| Cyfrowy Polsat | 28 November 2018 | Buy | PLN 29.70 | PLN 22.50 | Łukasz Kosiarski | 28 November 2019 |
| 11 Bit Studios | 28 November 2018 | Buy | PLN 399.00 | PLN 272.00 | Łukasz Kosiarski | 28 November 2019 |
| CD Projekt | 28 November 2018 | Buy | PLN 170.30 | PLN 142.20 | Łukasz Kosiarski | 28 November 2019 |
| Bogdanka | 28 November 2018 | Buy | PLN 80.80 | PLN 56.32 | Marcin Gątarz, CFA | 28 November 2019 |
| JSW | 28 November 2018 | Hold | PLN 73.60 | PLN 72.56 | Marcin Gątarz, CFA | 28 November 2019 |
| KGHM | 28 November 2018 | Sell | PLN 80.40 | PLN 89.94 | Marcin Gątarz, CFA | 28 November 2019 |
| PGNiG | 28 November 2018 | Buy | PLN 7.20 | PLN 6.30 | Katarzyna Włodarczyk, CFA | 28 November 2019 |
| PKN Orlen | 28 November 2018 | Hold | PLN 106.40 | PLN 102.10 | Katarzyna Włodarczyk, CFA | 28 November 2019 |
| Lotos | 28 November 2018 | Buy | PLN 93.10 | PLN 76.50 | Katarzyna Włodarczyk, CFA | 28 November 2019 |
| Energa | 28 November 2018 | Buy | PLN 11.33 | PLN 9.26 | Maksymilian Piotrowski | 28 November 2019 |
| Enea | 28 November 2018 | Buy | PLN 13.02 | PLN 10.44 | Maksymilian Piotrowski | 28 November 2019 |
| Tauron PE | 28 November 2018 | Buy | PLN 2.55 | PLN 2.17 | Maksymilian Piotrowski | 28 November 2019 |
| PGE | 28 November 2018 | Hold | PLN 13.13 | PLN 11.94 | Maksymilian Piotrowski | 28 November 2019 |
| Komercni banka | 28 November 2018 | Buy | CZK 1,020 | CZK 899.0 | Kamil Stolarski, CFA | 28 November 2019 |
| OTP Bank | 28 November 2018 | Sell | HUF 10,700 | HUF 11,380 | Kamil Stolarski, CFA | 28 November 2019 |
| Bank Millennium | 28 November 2018 | Sell | PLN 8.50 | PLN 9.39 | Kamil Stolarski, CFA | 28 November 2019 |
| Bank Handlowy | 28 November 2018 | Sell | PLN 68.00 | PLN 69.20 | Kamil Stolarski, CFA | 28 November 2019 |
| Alior Bank | 28 November 2018 | Buy | PLN 59.00 | PLN 51.50 | Kamil Stolarski, CFA | 28 November 2019 |
| ING Bank Slaski | 28 November 2018 | Sell | PLN 176.00 | PLN 182.00 | Kamil Stolarski, CFA | 28 November 2019 |
| mBank | 28 November 2018 | Sell | PLN 350.00 | PLN 402.00 | Kamil Stolarski, CFA | 28 November 2019 |
| Santander | 28 November 2018 | Buy | PLN 390.00 | PLN 351.80 | Kamil Stolarski, CFA | 28 November 2019 |
| PKO BP | 28 November 2018 | Hold | PLN 40.00 | PLN 39.89 | Kamil Stolarski, CFA | 28 November 2019 |
| CD Projekt | 21 November 2018 | Buy | PLN 170.30 | PLN 129.40 | Łukasz Kosiarski | 21 November 2019 |
| AmRest | 13 November 2018 | Buy | PLN 51.30 | PLN 42.85 | Maria Mickiewicz | 13 November 2019 |
| Ciech | 8 November 2018 | Hold | PLN 47.80 | PLN 43.20 | Katarzyna Włodarczyk, CFA | 8 November 2019 |
| Asseco Poland | 7 November 2018 | Buy | PLN 57.20 | PLN 48.90 | Łukasz Kosiarski | 7 November 2019 |
| Bank Millennium | 6 November 2018 | Sell | PLN 8.50 | PLN 8.80 | Kamil Stolarski, CFA | 6 November 2019 |
| Santander | 2 November 2018 | Buy | PLN 380.00 | PLN 340.4 | Kamil Stolarski, CFA | 2 November 2019 |
| Enea | 22 October 2018 | Buy | PLN 9.92 | PLN 8.13 | Maksymilian Piotrowski | 22 October 2019 |
| Energa | 22 October 2018 | Buy | PLN 9.71 | PLN 8.16 | Maksymilian Piotrowski | 22 October 2019 |
| Tauron PE | 22 October 2018 | Buy | PLN 2.22 | PLN 1.79 | Maksymilian Piotrowski | 22 October 2019 |
| Mabion | 3 October 2018 | Buy | PLN 142.20 | PLN 109.00 | Łukasz Kosiarski | 3 October 2019 |
| PGNiG | 21 September 2018 | Buy | PLN 7.40 | PLN 5.90 | Katarzyna Włodarczyk, CFA | 21 September 2019 |
| 11 Bit Studios | 5 September 2018 | Hold | PLN 395.20 | PLN 368.00 | Łukasz Kosiarski | 5 September 2019 |
| PKO BP | 29 August 2018 | Sell | PLN 39.00 | PLN 43.69 | Kamil Stolarski, CFA | 29 August 2019 |
| Bank Handlowy | 24 August 2018 | Hold | PLN 75.00 | PLN 70.60 | Kamil Stolarski, CFA | 24 August 2019 |
| Play Communications | 22 August 2018 | Hold | PLN 23.60 | PLN 20.90 | Łukasz Kosiarski | 22 August 2019 |
| Kety | 16 August 2018 | Hold | PLN 381.40 | PLN 374.00 | Marcin Gątarz, CFA | 16 August 2019 |
| OTP Bank | 14 August 2018 | Sell | HUF 9,900 | PLN 10,020 | Kamil Stolarski, CFA | 14 August 2019 |
| Alior Bank | 10 August 2018 | Sell | PLN 71.00 | PLN 72.50 | Kamil Stolarski, CFA | 10 August 2019 |
| ING Bank Slaski | 3 August 2018 | Hold | PLN 185.00 | PLN 184.20 | Kamil Stolarski, CFA | 3 August 2019 |
| Komercni banka | 3 August 2018 | Hold | CZK 1,020 | CZK 942.00 | Kamil Stolarski, CFA | 3 August 2019 |
| mBank | 1 August 2018 | Sell | PLN 350.00 | PLN 427.60 | Kamil Stolarski, CFA | 1 August 2019 |
| Millennium | 27 July 2018 | Sell | PLN 7.70 | PLN 9.01 | Kamil Stolarski, CFA | 27 July 2019 |
| BZ WBK | 26 July 2018 | Sell | PLN 345.00 | PLN 356.00 | Kamil Stolarski, CFA | 26 July 2019 |
| Kernel Holding | 4 July 2018 | Hold | PLN 54.60 | PLN 47.55 | Marcin Gątarz, CFA | 4 July 2019 |
| Astarta Holding | 4 July 2018 | Buy | PLN 44.20 | PLN 33.50 | Marcin Gątarz, CFA | 4 July 2019 |
| Kety | 4 July 2018 | Hold | PLN 340.30 | PLN 320.00 | Marcin Gątarz, CFA | 4 July 2019 |
| Ferro | 4 July 2018 | Buy | PLN 19.80 | PLN 13.50 | Marcin Gątarz, CFA | 4 July 2019 |
| Alumetal | 4 July 2018 | Hold | PLN 50.30 | PLN 47.40 | Marcin Gątarz, CFA | 4 July 2019 |
| Grupa Azoty | 4 July 2018 | Hold | PLN 45.10 | PLN 43.10 | Katarzyna Włodarczyk, CFA | 4 July 2019 |
| Ciech | 4 July 2018 | Buy | PLN 62.70 | PLN 55.90 | Katarzyna Włodarczyk, CFA | 4 July 2019 |
| Echo Investment | 4 July 2018 | Buy | PLN 5.50 | PLN 4.20 | Maria Mickiewicz | 4 July 2019 |
| GTC | 4 July 2018 | Buy | PLN 11.30 | PLN 9.21 | Maria Mickiewicz | 4 July 2019 |
| Monnari | 4 July 2018 | Buy | PLN 7.70 | PLN 6.59 | Maria Mickiewicz | 4 July 2019 |
| VRG | 4 July 2018 | Buy | PLN 5.25 | PLN 4.59 | Maria Mickiewicz | 4 July 2019 |
| CCC | 4 July 2018 | Buy | PLN 270.00 | PLN 207.00 | Maria Mickiewicz | 4 July 2019 |
| LPP | 4 July 2018 | Hold | PLN 9,200.00 | PLN 8,485.00 | Maria Mickiewicz | 4 July 2019 |
| Eurocash | 4 July 2018 | Hold | PLN 22.40 | PLN 21.70 | Maria Mickiewicz | 4 July 2019 |
| Asseco Poland | 4 July 2018 | Hold | PLN 42.40 | PLN 40.04 | Łukasz Kosiarski | 4 July 2019 |
| 11 Bit Studios | 4 July 2018 | Buy | PLN 582.30 | PLN 454.00 | Łukasz Kosiarski | 4 July 2019 |
| CD Projekt | 4 July 2018 | Hold | PLN 173.60 | PLN 161.80 | Łukasz Kosiarski | 4 July 2019 |
| JSW | 4 July 2018 | Buy | PLN 93.40 | PLN 76.70 | Marcin Gątarz, CFA | 4 July 2019 |
| KGHM | 4 July 2018 | Hold | PLN 95.00 | PLN 88.00 | Marcin Gątarz, CFA | 4 July 2019 |
| PKN Orlen | 4 July 2018 | Sell | PLN 79.80 | PLN 84.10 | Katarzyna Włodarczyk, CFA | 4 July 2019 |
| Lotos | 4 July 2018 | Hold | PLN 58.40 | PLN 56.90 | Katarzyna Włodarczyk, CFA | 4 July 2019 |
| Komercni banka | 4 July 2018 | Hold | CZK 1,010 | CZK 935.0 | Kamil Stolarski, CFA | 4 July 2019 |
| OTP Bank | 4 July 2018 | Sell | HUF 9,800 | HUF 10,210 | Kamil Stolarski, CFA | 4 July 2019 |
| Getin Noble Bank | 4 July 2018 | Hold | PLN 1.00 | PLN 1.00 | Kamil Stolarski, CFA | 4 July 2019 |
| Millennium | 4 July 2018 | Sell | PLN 7.60 | PLN 8.02 | Kamil Stolarski, CFA | 4 July 2019 |
| Handlowy | 4 July 2018 | Buy | PLN 79.00 | PLN 70.80 | Kamil Stolarski, CFA | 4 July 2019 |
| Alior Bank | 4 July 2018 | Hold | PLN 71.00 | PLN 66.90 | Kamil Stolarski, CFA | 4 July 2019 |
| ING Bank Slaski | 4 July 2018 | Hold | PLN 187.00 | PLN 179.00 | Kamil Stolarski, CFA | 4 July 2019 |
| mBank | 4 July 2018 | Sell | PLN 332.00 | PLN 399.80 | Kamil Stolarski, CFA | 4 July 2019 |
| BZ WBK | 4 July 2018 | Hold | PLN 347.00 | PLN 333.6 | Kamil Stolarski, CFA | 4 July 2019 |
| PKO BP | 4 July 2018 | Hold | PLN 38.00 | PLN 36.99 | Kamil Stolarski, CFA | 4 July 2019 |
| Cyfrowy Polsat | 27 June 2018 | Buy | PLN 29.30 | PLN 22.52 | Łukasz Kosiarski | 27 June 2019 |
| Orange Polska | 27 June 2018 | Hold | PLN 5.00 | PLN 4.76 | Łukasz Kosiarski | 27 June 2019 |
| Play Communications | 27 June 2018 | Sell | PLN 24.90 | PLN 26.12 | Łukasz Kosiarski | 27 June 2019 |
| Dino Polska | 21 June 2018 | Buy | PLN 145.00 | PLN 100.5 | Maria Mickiewicz | 21 June 2019 |
| JSW | 18 June 2018 | Hold | PLN 95.40 | PLN 86.60 | Marcin Gątarz, CFA | 18 June 2019 |
| Bogdanka | 18 June 2018 | Buy | PLN 72.20 | PLN 53.60 | Marcin Gątarz, CFA | 18 June 2019 |
| CCC | 8 June 2018 | Buy | PLN 300.00 | PLN 246.60 | Maria Mickiewicz | 8 June 2019 |
| AAT Holding | 5 June 2018 | Not rated | - | - | - | 5 June 2019 |
| Agora | 5 June 2018 | Not rated | - | - | - | 5 June 2019 |
| MLP Group | 5 June 2018 | Not rated | - | - | - | 5 June 2019 |
| Netia | 5 June 2018 | Not rated | - | - | - | 5 June 2019 |
| Police | 5 June 2018 | Not rated | - | - | - | 5 June 2019 |
| ZA Pulawy | 5 June 2018 | Not rated | - | - | - | 5 June 2019 |
| Orange | 5 June 2018 | In transition | - | - | - | 5 June 2019 |
| Cyfrowy Polsat | 5 June 2018 | In transition | - | - | - | 5 June 2019 |
| Play Communications | 5 June 2018 | In transition | - | - | - | 5 June 2019 |
| Monnari | 23 May 2018 | Buy | PLN 9.20 | PLN 7.19 | Maria Mickiewicz | 23 May 2019 |
| Lotos | 22 May 2018 | Hold | PLN 57 | PLN 56.80 | Katarzyna Włodarczyk, CFA | 22 May 2019 |
| PKN Orlen | 22 May 2018 | Sell | PLN 78.8 | PLN 84.20 | Katarzyna Włodarczyk, CFA | 22 May 2019 |
| Emperia Holding | 21 May 2018 | Not covered | Maria Mickiewicz | 21 May 2019 | ||
| GTC | 18 May 2018 | Buy | PLN 11.20 | PLN 8.73 | Maria Mickiewicz | 18 May 2019 |
| 11 Bit Studios | 11 May 2018 | Buy | PLN 586.10 | PLN 392.00 | Łukasz Kosiarski | 11 May 2019 |
| Eurocash | 10 May 2018 | Hold | PLN 25.10 | PLN 23.64 | Maria Mickiewicz | 10 May 2019 |
| Asseco Poland | 29 March 2018 | Sell | PLN 41,20 | PLN 47,16 | Łukasz Kosiarski | 29 March 2019 |
| Benefit Systems | 26 March 2018 | Restricted | 26 March 2019 | |||
| Getback | 12 March 2018 | Restricted | Marcin Gątarz, CFA | 12 March 2019 | ||
| Alior Bank | 9 March 2018 | Hold | PLN 81 | PLN 76.01 | Kamil Stolarski, CFA | 9 March 2019 |
| Ciech | 8 March 2018 | Buy | PLN 65.00 | PLN 55.90 | Katarzyna Włodarczyk | 8 March 2019 |
| Grupa Azoty | 8 March 2018 | Buy | PLN 67.30 | PLN 56.30 | Katarzyna Włodarczyk | 8 March 2019 |
| 11 Bit Studios | 7 March 2018 | Buy | PLN 250.50 | PLN 210 | Łukasz Kosiarski | 7 March 2019 |
| CD Projekt | 7 March 2018 | Buy | PLN 138.70 | PLN 106 | Łukasz Kosiarski | 7 March 2019 |
| Robyg | 5 March 2018 | Not covered | Marcin Gątarz, CFA | 5 March 2019 | ||
| VRG | 26 February 2018 | Buy | PLN 5.50 | PLN 4.98 | Maria Mickiewicz | 26 February 2019 |
| Monnari | 26 February 2018 | Buy | PLN 10.30 | PLN 9.18 | Maria Mickiewicz | 26 February 2019 |
| LPP | 26 February 2018 | Hold | PLN 9700.00 | PLN 9400.00 | Maria Mickiewicz | 26 February 2019 |
| CCC | 26 February 2018 | Buy | PLN 330.00 | PLN 266.20 | Maria Mickiewicz | 26 February 2019 |
| Handlowy | 15 February 2018 | Hold | PLN 82.00 | PLN 83.70 | Kamil Stolarski, CFA | 15 February 2019 |
| Alumetal | 14 February 2018 | Hold | PLN 60.70 | PLN 57.30 | Marcin Gątarz, CFA | 14 February 2019 |
| mBank | 9 February 2018 | Sell | PLN 362.00 | PLN 485.20 | Kamil Stolarski, CFA | 9 February 2019 |
| Komercni banka | 9 February 2018 | Buy | CZK 1045.00 | CZK 935.00 | Kamil Stolarski, CFA | 9 February 2019 |
| Millenium | 9 February 2018 | Sell | PLN 8.50 | PLN 9.10 | Kamil Stolarski, CFA | 9 February 2019 |
| BZ WBK | 1 February 2018 | Hold | PLN 440.00 | PLN 420.00 | Kamil Stolarski, CFA | 1 February 2019 |
| ING Bank Slaski | 1 February 2018 | Sell | PLN 199.00 | PLN 220.00 | Kamil Stolarski, CFA | 1 February 2019 |
| Ferro | 26 January 2018 | Buy | PLN 21.90 | PLN 16.90 | Marcin Gątarz, CFA | 26 January 2019 |
| VRG | 17 January 2018 | Buy | PLN 5.40 | PLN 4.49 | Maria Mickiewicz | 17 January 2019 |
| Monnari | 17 January 2018 | Buy | PLN 10.60 | PLN 8.67 | Maria Mickiewicz | 17 January 2019 |
| LPP | 17 January 2018 | Hold | PLN 9,800.00 | PLN 9,700.00 | Maria Mickiewicz | 17 January 2019 |
| CCC | 17 January 2018 | Buy | PLN 341.00 | PLN 295.00 | Maria Mickiewicz | 17 January 2019 |
| Work Service | 29 December 2017 | Not rated | - | PLN 4.21 | - | 29 December 2018 |
| Ronson | 29 December 2017 | Not rated | - | PLN 1.42 | - | 29 December 2018 |
| GPW | 29 December 2017 | Not rated | - | PLN 46.99 | - | 29 December 2018 |
| Amrest | 29 December 2017 | In transition | - | PLN 410.00 | - | 29 December 2018 |
| AAT Holding | 29 December 2017 | In transition | - | PLN 20.00 | - | 29 December 2018 |
| XTB | 29 December 2017 | In transition | - | PLN 4.47 | - | 29 December 2018 |
| ZA Pulawy | 29 December 2017 | In transition | - | PLN 156.50 | - | 29 December 2018 |
| ZCh Police | 29 December 2017 | In transition | - | PLN 20.84 | - | 29 December 2018 |
| Grupa Azoty | 29 December 2017 | In transition | - | PLN 69.60 | - | 29 December 2018 |
| Ciech | 29 December 2017 | In transition | - | PLN 57.50 | - | 29 December 2018 |
| ZE PAK | 29 December 2017 | In transition | - | PLN 15.19 | - | 29 December 2018 |
| Energa | 29 December 2017 | In transition | - | PLN 12.73 | - | 29 December 2018 |
| Enea | 29 December 2017 | In transition | - | PLN 11.50 | - | 29 December 2018 |
| Tauron PE | 29 December 2017 | In transition | - | PLN 3.05 | - | 29 December 2018 |
| PGE | 29 December 2017 | In transition | - | PLN 12.05 | - | 29 December 2018 |
| Echo Investment | 13 December 2017 | Buy | PLN 6.50 | PLN 4.68 | Maria Mickiewicz | 13 December 2018 |
| Wirtualna Polska | 12 December 2017 | Buy | PLN 53.80 | PLN 45.99 | Przemysław Sawala-Uryasz | 12 December 2018 |
| OTP Bank | 11 December 2017 | Buy | HUF 11,700.00 | HUF 10035.00 | Kamil Stolarski, CFA | 11 December 2018 |
| Komercni banka | 11 December 2017 | Hold | CZK 950.00 | CZK 889.70 | Kamil Stolarski, CFA | 11 December 2018 |
| Alior Bank | 11 December 2017 | Hold | PLN 76.70 | PLN 75.60 | Kamil Stolarski, CFA | 11 December 2018 |
| Getin Noble Bank | 11 December 2017 | Hold | PLN 1.50 | PLN 1.48 | Kamil Stolarski, CFA | 11 December 2018 |
| Millenium | 11 December 2017 | Sell | PLN 8.10 | PLN 8.39 | Kamil Stolarski, CFA | 11 December 2018 |
| Handlowy | 11 December 2017 | Hold | PLN 75.60 | PLN 74.80 | Kamil Stolarski, CFA | 11 December 2018 |
| ING Bank Slaski | 11 December 2017 | Sell | PLN 197.00 | PLN 204.05 | Kamil Stolarski, CFA | 11 December 2018 |
| BZ WBK | 11 December 2017 | Buy | PLN 402.00 | PLN 365.00 | Kamil Stolarski, CFA | 11 December 2018 |
| mBank | 11 December 2017 | Sell | PLN 379.00 | PLN 460.90 | Kamil Stolarski, CFA | 11 December 2018 |
| PKO BP | 11 December 2017 | Buy | PLN 46.00 | PLN 42.02 | Kamil Stolarski, CFA | 11 December 2018 |
| VRG | 11 December 2017 | Buy | PLN 5.10 | PLN 4.15 | Maria Mickiewicz | 11 December 2018 |
| Monnari | 11 December 2017 | Buy | PLN 10.50 | PLN 8.42 | Maria Mickiewicz | 11 December 2018 |
| LPP | 11 December 2017 | Hold | PLN 8430.00 | PLN 8345.90 | Maria Mickiewicz | 11 December 2018 |
| Eurocash | 11 December 2017 | Hold | PLN 29.50 | PLN 27.05 | Maria Mickiewicz | 11 December 2018 |
| Emperia Holding | 11 December 2017 | Sell | PLN 81.10 | PLN 99.60 | Maria Mickiewicz | 11 December 2018 |
| CCC | 11 December 2017 | Buy | PLN 304.00 | PLN 260.00 | Maria Mickiewicz | 11 December 2018 |
| Benefit Systems | 11 December 2017 | Hold | PLN 1200.00 | PLN 1116.00 | Maria Mickiewicz | 11 December 2018 |
| KGHM | 5 December 2017 | Sell | PLN 95.80 | PLN 107.55 | Marcin Gątarz, CFA | 5 December 2018 |
| Robyg | 1 December 2017 | Restricted | - | - | Maria Mickiewicz | 1 December 2018 |
| Echo Investment | 28 November 2017 | In transition | - | - | Maria Mickiewicz | 28 November 2018 |
| Play Communications | 22 November 2017 | Hold | PLN 39.05 | PLN 37.1 | Przemysław Sawala-Uryasz | 22 November 2018 |
| Astarta Holding | 15 November 2017 | Buy | PLN 72.6 | PLN 51 | Marcin Gątarz, CFA | 15 November 2018 |
| Kernel Holding | 6 November 2017 | Hold | PLN 51.7 | PLN 48.25 | Marcin Gątarz, CFA | 6 November 2018 |
| PKO BP | 3 November 2017 | In transition | - | - | Kamil Stolarski, CFA | 3 November 2018 |
| BZ WBK | 3 November 2017 | In transition | - | Kamil Stolarski, CFA | 3 November 2018 | |
| mBank | 3 November 2017 | In transition | - | - | Kamil Stolarski, CFA | 3 November 2018 |
| ING Bank Slaski | 3 November 2017 | In transition | - | - | Kamil Stolarski, CFA | 3 November 2018 |
| Alior Bank | 3 November 2017 | In transition | - | - | Kamil Stolarski, CFA | 3 November 2018 |
| Handlowy | 3 November 2017 | In transition | - | - | Kamil Stolarski, CFA | 3 November 2018 |
| Millenium | 3 November 2017 | In transition | - | - | Kamil Stolarski, CFA | 3 November 2018 |
| PZU | 3 November 2017 | Not rated | - | - | 3 November 2018 | |
| MLP Group | 3 November 2017 | Buy | PLN 57.30 | PLN 46.5 | Maria Mickiewicz | 3 November 2018 |
| JSW | 7 September 2017 | Sell | PLN 88.80 | PLN 105.00 | Łukasz Jakubowski | 7 September 2018 |
| GetBack | 6 September 2017 | Hold | PLN 29.20 | PLN 27.10 | Marcin Gątarz, CFA | 6 September 2018 |
| UNIWHEELS | 11 August 2017 | Not rated | - | - | - | 11 August 2018 |
| Gino Rossi | 11 August 2017 | Not rated | - | - | - | 11 August 2018 |
| Stalprodukt | 11 August 2017 | In transition | - | - | - | 11 August 2018 |
| PKN Orlen | 11 August 2017 | In transition | - | - | - | 11 August 2018 |
| PGNiG | 11 August 2017 | In transition | - | - | - | 11 August 2018 |
| KGHM | 11 August 2017 | In transition | - | - | - | 11 August 2018 |
| Amica | 11 August 2017 | In transition | - | - | - | 11 August 2018 |
| Alumetal | 11 August 2017 | In transition | - | - | - | 11 August 2018 |
| ZA Pulawy | 5 July 2017 | Buy | PLN 193.50 | PLN 160.00 | Łukasz Jakubowski | 5 July 2018 |
| ZCh Police | 5 July 2017 | Hold | PLN 21.30 | PLN 20.30 | Łukasz Jakubowski | 5 July 2018 |
| Grupa Azoty | 5 July 2017 | Buy | PLN 75.30 | PLN 63.40 | Łukasz Jakubowski | 5 July 2018 |
| Cyfrowy Polsat | 29 June 2017 | Hold | PLN 24.34 | PLN 24.14 | Przemysław Sawala-Uryasz | 29 June 2018 |
| Echo Investment | 22 June 2017 | Buy | PLN 7.10 | PLN 5.44 | Maria Mickiewicz | 22 June 2018 |
| Monnari | 15 May 2017 | Hold | PLN 9.40 | PLN 9.05 | Maria Mickiewicz | 15 May 2018 |
| VRG | 15 May 2017 | Buy | PLN 3.75 | PLN 3.18 | Maria Mickiewicz | 15 May 2018 |
| OTP Bank | 28 April 2017 | Not rated | - | - | 28 April 2018 | |
| Komercni banka | 28 April 2017 | Not rated | - | - | 28 April 2018 | |
| Mgyar Telecom | 28 April 2017 | Not rated | - | - | 28 April 2018 | |
| CEZ | 28 April 2017 | Not rated | - | - | 28 April 2018 | |
| Gedeon Richter | 28 April 2017 | Not rated | - | - | 28 April 2018 | |
| OMV Petrom | 28 April 2017 | Not rated | - | - | 28 April 2018 | |
| MOL | 28 April 2017 | Not rated | - | - | 28 April 2018 | |
| Valamar Riviera | 28 April 2017 | Not rated | - | - | 28 April 2018 | |
| Podravka | 28 April 2017 | Not rated | - | - | 28 April 2018 | |
| Atlantic Grupa | 28 April 2017 | Not rated | - | - | 28 April 2018 | |
| T-Hrvatski Telekom | 28 April 2017 | Not rated | - | - | 28 April 2018 | |
| Adris Group | 28 April 2017 | Not rated | - | - | 28 April 2018 | |
| Ferro | 26 April 2017 | Buy | PLN 16.70 | PLN 14.50 | Tomasz Kuciński, CFA | 26 April 2018 |
| Eurocash | 25 April 2017 | Buy | PLN 38.30 | PLN 32.30 | Maria Mickiewicz | 25 April 2018 |
| Emperia Holding | 25 April 2017 | Hold | PLN 78.80 | PLN 74.10 | Maria Mickiewicz | 25 April 2018 |
| Bogdanka | 5 April 2017 | Hold | PLN 81.80 | PLN 74.90 | Łukasz Jakubowski | 5 April 2018 |
| Mabion | 31 March 2017 | Buy | PLN 153.38 | PLN 111.00 | Przemysław Sawala-Uryasz | 31 March 2018 |
| GTC | 29 March 2017 | Buy | PLN 9.55 | PLN 8.35 | Maria Mickiewicz | 29 March 2018 |
| Alior Bank | 27 March 2017 | Buy | PLN 83.00 | PLN 74.17 | Marcin Gątarz, CFA | 27 March 2018 |
| Bank Millennium | 27 March 2017 | Sell | PLN 5.60 | PLN 6.58 | Marcin Gątarz, CFA | 27 March 2018 |
| Bank Handlowy | 27 March 2017 | Buy | PLN 89.00 | PLN 79.37 | Marcin Gątarz, CFA | 27 March 2018 |
| mBank | 27 March 2017 | Sell | PLN 338.00 | PLN 399.80 | Marcin Gątarz, CFA | 27 March 2018 |
| ING Bank Slaski | 27 March 2017 | Hold | PLN 185.00 | PLN 176.30 | Marcin Gątarz, CFA | 27 March 2018 |
| BZ WBK | 27 March 2017 | Hold | PLN 356.00 | PLN 344.50 | Marcin Gątarz, CFA | 27 March 2018 |
| PKO BP | 27 March 2017 | Hold | PLN 33.60 | PLN 33.28 | Marcin Gątarz, CFA | 27 March 2018 |
| KGHM | 27 March 2017 | Sell | PLN 106.60 | PLN 120.00 | Tomasz Kuciński, CFA | 27 March 2018 |
| LPP | 20 March 2017 | Sell | PLN 4,960.00 | PLN 6,731.55 | Maria Mickiewicz | 20 March 2018 |
| CCC | 20 March 2017 | Hold | PLN 260.00 | PLN 243.90 | Maria Mickiewicz | 20 March 2018 |
| Alior Bank | 14 March 2017 | Buy | PLN 83.00 | PLN 73.00 | Marcin Gątarz, CFA | 14 March 2018 |
| Ciech | 22 February 2017 | Sell | PLN 64.50 | PLN 74.50 | Łukasz Jakubowski | 22 February 2018 |
| Kety | 17 February 2017 | Sell | PLN 403.40 | PLN 424.60 | Tomasz Kuciński, CFA | 17 February 2018 |
| Kernel Holding | 14 February 2017 | Hold | PLN 81.30 | PLN 78.95 | Marcin Gątarz, CFA | 14 February 2018 |
| Astarta Holding | 14 February 2017 | Buy | PLN 81.20 | PLN 61.63 | Marcin Gątarz, CFA | 14 February 2018 |
| LPP | 6 February 2017 | Sell | PLN 4,450.00 | PLN 5,218.00 | Maria Mickiewicz | 6 February 2018 |
| Valamar Riviera | 2 February 2017 | Buy | HRK 48.20 | HRK 39.30 | Luka Grgić, Ivana Blašković, CFA | 2 February 2018 |
| Asseco Poland | 17 January 2017 | Hold | PLN 57.83 | PLN 57.52 | Przemysław Sawala-Uryasz | 17 January 2018 |
| Enea | 10 January 2017 | Hold | PLN 10.20 | PLN 9.61 | Łukasz Jakubowski | 10 January 2018 |
| Energa | 10 January 2017 | Hold | PLN 9.40 | PLN 9.21 | Łukasz Jakubowski | 10 January 2018 |
| Tauron PE | 10 January 2017 | Buy | PLN 4.00 | PLN 2.88 | Łukasz Jakubowski | 10 January 2018 |
| PGE | 10 January 2017 | Hold | PLN 11.00 | PLN 10.42 | Łukasz Jakubowski | 10 January 2018 |
| Gedeon Richter | 21 December 2016 | Hold | HUF 6,300 | HUF 6,111 | Helena Naffa, PhD | 21 December 2017 |
| UNIWHEELS | 19 December 2016 | Buy | PLN 249.3 | PLN 211.4 | Tomasz Kuciński, CFA | 19 December 2017 |
| Eurocash | 13 December 2016 | Buy | PLN 44.10 | PLN 37.57 | Maria Mickiewicz | 13 December 2017 |
| Benefit Systems | 13 December 2016 | Buy | PLN 840.00 | PLN 699.00 | Maria Mickiewicz | 13 December 2017 |
| PKN Orlen | 13 December 2016 | Hold | PLN 83.00 | PLN 81.41 | Helena Naffa, PhD | 13 December 2017 |
| Wirtualna Polska | 1 December 2016 | Restricted | - | - | - | 1 December 2017 |
| Stalprodukt | 30 November 2016 | Buy | PLN 723.5 | PLN 424.6 | Tomasz Kuciński, CFA | 30 November 2017 |
| XTB | 29 November 2016 | Buy | PLN 12.50 | PLN 8.20 | Marcin Gątarz, CFA | 29 November 2017 |
| VRG | 25 November 2016 | Buy | PLN 4.10 | PLN 3.36 | Maria Mickiewicz | 25 November 2017 |
| Monnari | 25 November 2016 | Hold | PLN 10.30 | PLN 9.50 | Maria Mickiewicz | 25 November 2017 |
| Netia | 24 November 2016 | Hold | PLN 4.91 | PLN 4.54 | Przemysław Sawala-Uryasz | 24 November 2017 |
| PKP Cargo | 10 November 2016 | In transition | - | - | - | 10 November 2017 |
| CCC | 9 November 2016 | Hold | PLN 203.00 | PLN 190.70 | Maria Mickiewicz | 9 November 2017 |
| LPP | 9 November 2016 | Sell | PLN 5,030 | PLN 5664.75 | Maria Mickiewicz | 9 November 2017 |
| Alumetal | 8 November 2016 | Buy | PLN 66.90 | PLN 58.49 | Tomasz Kuciński, CFA | 8 November 2017 |
| Wirtualna Polska | 4 November 2016 | Buy | PLN 60.58 | PLN 53.90 | Przemysław Sawala-Uryasz | 4 November 2017 |
| Wirtualna Polska | 4 November 2016 | Buy | PLN 60.58 | PLN 53.90 | Przemysław Sawala-Uryasz | 4 November 2017 |
| Orange Polska | 2 November 2016 | Buy | PLN 7.86 | PLN 5.49 | Przemysław Sawala-Uryasz | 2 November 2017 |
| Ronson | 31 October 2016 | In transition | - | - | - | 31 October 2017 |
| Gino Rossi | 31 October 2016 | In transition | - | - | - | 31 October 2017 |
| LC Corp | 31 October 2016 | In transition | - | - | - | 31 October 2017 |
| ZE PAK | 19 October 2016 | Hold | PLN 11.70 | PLN 10.70 | Łukasz Jakubowski | 19 October 2017 |
| Alior Bank | 18 October 2016 | Buy | PLN 59.00 | PLN 47.00 | Marcin Gątarz, CFA | 18 October 2017 |
| Bank Millennium | 18 October 2016 | Sell | PLN 5.40 | PLN 5.77 | Marcin Gątarz, CFA | 18 October 2017 |
| Bank Handlowy | 18 October 2016 | Hold | PLN 79.00 | PLN 76.01 | Marcin Gątarz, CFA | 18 October 2017 |
| mBank | 18 October 2016 | Sell | PLN 318.00 | PLN 343.00 | Marcin Gątarz, CFA | 18 October 2017 |
| BZ WBK | 18 October 2016 | Hold | PLN 326.00 | PLN 317.00 | Marcin Gątarz, CFA | 18 October 2017 |
| ING Bank Slaski | 18 October 2016 | Hold | PLN 151.00 | PLN 145.00 | Marcin Gątarz, CFA | 18 October 2017 |
| PKO BP | 18 October 2016 | Hold | PLN 27.00 | PLN 25.32 | Marcin Gątarz, CFA | 18 October 2017 |
| KGHM | 14 October 2016 | Sell | PLN 69.90 | PLN 73.20 | Tomasz Kuciński, CFA | 14 October 2017 |
| Agora | 4 October 2016 | Buy | PLN 11.96 | PLN 10.25 | Przemysław Sawala-Uryasz | 4 October 2017 |
| OMV Petrom | 3 October 2016 | Buy | RON 0.320 | RON 0.245 | Helena Naffa, PhD | 3 October 2017 |
| MOL | 3 October 2016 | Buy | HUF 19,200 | HUF 17,275 | Helena Naffa, PhD | 3 October 2017 |
| PGNiG | 3 October 2016 | Hold | PLN 5.40 | PLN 5.15 | Helena Naffa, PhD | 3 October 2017 |
| Stalprodukt | 27 September 2016 | Hold | PLN 424.60 | PLN 415.00 | Tomasz Kuciński, CFA | 27 September 2017 |
| AB S.A. | 26 September 2016 | Hold | PLN 40.06 | PLN 35.50 | Przemysław Sawala-Uryasz | 26 September 2017 |
| JSW | 7 September 2016 | Hold | PLN 51.00 | PLN 46.91 | Łukasz Jakubowski | 7 September 2017 |
| ABC Data | 26 August 2016 | Not rated | - | - | Przemysław Sawala-Uryasz | 26 August 2017 |
| Kino Polska | 26 August 2016 | Not rated | - | - | Przemysław Sawala-Uryasz | 26 August 2017 |
| Grupa Azoty | 23 August 2016 | Sell | PLN 63.10 | PLN 68.65 | Łukasz Jakubowski | 23 August 2017 |
| ZA Pulawy | 23 August 2016 | Sell | PLN 195.60 | PLN 210.10 | Łukasz Jakubowski | 23 August 2017 |
| ZCh Police | 23 August 2016 | Hold | PLN 20.20 | PLN 20.00 | Łukasz Jakubowski | 23 August 2017 |
| CEZ | 12 August 2016 | In transition | - | - | - | 12 August 2017 |
| Magyar Telekom | 12 August 2016 | In transition | - | - | - | 12 August 2017 |
| Gedeon Richter | 12 August 2016 | In transition | - | - | - | 12 August 2017 |
| UNIWHEELS | 11 August 2016 | Buy | PLN 206.20 | PLN 175.25 | Tomasz Kuciński, CFA | 11 August 2017 |
| Action S.A. | 29 July 2016 | Not rated | - | - | Przemysław Sawala-Uryasz | 29 July 2017 |
| Amica | 21 July 2016 | Buy | PLN 216.20 | PLN 185.00 | Tomasz Kuciński, CFA | 21 July 2017 |
| Kety | 13 July 2016 | Buy | PLN 372.00 | PLN 316.70 | Tomasz Kuciński, CFA | 13 July 2017 |
| JSW | 7 July 2016 | Hold | PLN 20.30 | PLN 18.76 | Łukasz Jakubowski | 7 July 2017 |
| Alior Bank | 29 June 2016 | Buy | PLN 61.00 | PLN 49.52 | Marcin Gątarz, CFA | 29 June 2017 |
| AAT Holding | 23 June 2016 | Buy | PLN 32.40 | PLN19.68 | Tomasz Kuciński, CFA | 23 June 2017 |
| XTB | 21 June 2016 | Buy | PLN 17.50 | PLN 13.75 | Małgorzata Kloka, CFA | 21 June 2017 |
| Cyfrowy Polsat | 17 June 2016 | Buy | PLN 24.00 | PLN 20.13 | Przemysław Sawala-Uryasz | 17 June 2017 |
| Stalprodukt | 2 June 2016 | Buy | PLN 364.30 | PLN 305.60 | Tomasz Kuciński, CFA | 2 June 2017 |
| Robyg | 1 June 2016 | Buy | PLN 3.80 | PLN 3.10 | Małgorzata Kloka, CFA | 1 June 2017 |
| Emperia Holding | 31 May 2016 | Buy | PLN 69.00 | PLN 56.40 | Małgorzata Kloka, CFA | 31 May 2017 |
| Eurocash | 31 May 2016 | Hold | PLN 50.50 | PLN 50.05 | Małgorzata Kloka, CFA | 31 May 2017 |
| Astarta | 30 May 2016 | Buy | PLN 58.80 | PLN 40.10 | Marcin Gątarz, CFA | 30 May 2017 |
| Ferro | 20 May 2016 | Buy | PLN 13.80 | PLN 10.90 | Tomasz Kuciński, CFA | 20 May 2017 |
| Alumetal | 18 May 2016 | Buy | PLN 64.80 | PLN 52.90 | Tomasz Kuciński, CFA | 18 May 2017 |
| Bank Handlowy | 17 May 2016 | Hold | PLN 79.00 | PLN 74.50 | Marcin Gątarz, CFA | 17 May 2017 |
| LPP | 16 May 2016 | Sell | PLN 4,500 | PLN 4,875 | Małgorzata Kloka, CFA | 16 May 2017 |
| Amrest | 11 May 2016 | Buy | PLN 260.00 | PLN 220.10 | Małgorzata Kloka, CFA | 11 May 2017 |
| Wirtualna Polska | 18 April 2016 | Buy | PLN 52.69 | PLN 44.00 | Przemysław Sawala-Uryasz | 18 April 2017 |
| UNIWHEELS | 14 April 2016 | Hold | PLN 148.90 | PLN 147.95 | Tomasz Kuciński, CFA | 14 April 2017 |
| Alumetal | 14 April 2016 | Buy | PLN 56.50 | PLN 48.50 | Tomasz Kuciński, CFA | 14 April 2017 |
| Bogdanka | 31 March 2016 | Hold | PLN 41.70 | PLN 38.35 | Łukasz Jakubowski | 31 March 2017 |
| Enea | 31 March 2016 | Sell | PLN 10.60 | PLN 11.85 | Łukasz Jakubowski | 31 March 2017 |
| Alior Bank | 22 March 2016 | Hold | PLN 70.00 | PLN 68.89 | Marcin Gątarz, CFA | 22 March 2017 |
| Bank Millennium | 22 March 2016 | Sell | PLN 5.10 | PLN 5.93 | Marcin Gątarz, CFA | 22 March 2017 |
| Bank Handlowy | 22 March 2016 | Hold | PLN 87.00 | PLN 85.00 | Marcin Gątarz, CFA | 22 March 2017 |
| PKO BP | 22 March 2016 | Buy | PLN 30.00 | PLN 27.41 | Marcin Gątarz, CFA | 22 March 2017 |
| BZ WBK | 22 March 2016 | Hold | PLN 303.00 | PLN 294.20 | Marcin Gątarz, CFA | 22 March 2017 |
| ING Bank Slaski | 22 March 2016 | Sell | PLN 113.00 | PLN 123.00 | Marcin Gątarz, CFA | 22 March 2017 |
| mBank | 22 March 2016 | Sell | PLN 323.00 | PLN 342.05 | Marcin Gątarz, CFA | 22 March 2017 |
| MLP Group | 18 March 2016 | Buy | PLN 43.90 | PLN 37.80 | Małgorzata Kloka, CFA | 18 March 2017 |
| Kernel Holding | 7 March 2016 | Buy | PLN 65.90 | PLN 52.24 | Marcin Gątarz, CFA | 7 March 2017 |
| Kety | 23 February 2016 | Buy | PLN 337.90 | PLN 286.00 | Tomasz Kuciński, CFA | 22 February 2017 |
| Ciech | 19 February 2016 | Hold | PLN 86.00 | PLN 79.50 | Łukasz Jakubowski | 18 February 2017 |
| KGHM | 10 February 2016 | Sell | PLN 46.00 | PLN 58.90 | Tomasz Kuciński, CFA | 9 February 2017 |
| Monnari | 5 February 2016 | Buy | PLN 20.00 | PLN 14.00 | Małgorzata Kloka, CFA | 4 February 2017 |
| Amica | 20 January 2016 | Buy | PLN 193.00 | PLN 157.00 | Tomasz Kuciński, CFA | 19 January 2017 |
| Robyg | 18 January 2016 | Buy | PLN 3.50 | PLN 2.89 | Małgorzata Kloka, CFA | 17 January 2017 |
| Echo Investment | 30 December 2015 | Not rated | - | - | - | 29 December 2016 |
| Fortuna Entertainment Group | 30 December 2015 | Not rated | - | - | - | 29 December 2016 |
| Energa | 14 December 2015 | Sell | PLN 11.60 | PLN 11.95 | Łukasz Jakubowski | 13 December 2016 |
| Tauron PE | 14 December 2015 | Sell | PLN 2.40 | PLN 2.63 | Łukasz Jakubowski | 13 December 2016 |
| PGE | 14 December 2015 | Sell | PLN 11.70 | PLN 12.20 | Łukasz Jakubowski | 13 December 2016 |
| Alumetal | 14 December 2015 | Buy | PLN 57.10 | PLN 45.00 | Tomasz Kuciński, CFA | 13 December 2016 |
| Asseco Poland | 14 December 2015 | Hold | PLN 57.70 | PLN 55.53 | Przemysław Sawala-Uryasz | 13 December 2016 |
| LPP | 10 December 2015 | Sell | PLN 5,500 | PLN 5,655.85 | Małgorzata Kloka, CFA | 9 December 2016 |
| Amrest | 10 December 2015 | Buy | PLN 220.00 | PLN 191.00 | Małgorzata Kloka, CFA | 9 December 2016 |
| Stalprodukt | 30 November 2015 | Buy | PLN 373.00 | PLN 314.00 | Tomasz Kuciński, CFA | 29 November 2016 |
| PKO BP | 27 November 2015 | Hold | PLN 28.00 | PLN 26.93 | Marcin Gątarz, CFA | 26 November 2016 |
| Alior Bank | 27 November 2015 | Hold | PLN 75.00 | PLN 71.60 | Marcin Gątarz, CFA | 26 November 2016 |
| Bank Handlowy | 27 November 2015 | Buy | PLN 79.00 | PLN 67.50 | Marcin Gątarz, CFA | 26 November 2016 |
| Bank Millennium | 27 November 2015 | Sell | PLN 4.80 | PLN 5.23 | Marcin Gątarz, CFA | 26 November 2016 |
| ING Bank Slaski | 27 November 2015 | Hold | PLN 121.00 | PLN 115.00 | Marcin Gątarz, CFA | 26 November 2016 |
| BZ WBK | 27 November 2015 | Hold | PLN 278.00 | PLN 265.85 | Marcin Gątarz, CFA | 26 November 2016 |
| mBank | 27 November 2015 | Sell | PLN 290.00 | PLN 311.15 | Marcin Gątarz, CFA | 26 November 2016 |
| Netia | 19 November 2015 | Hold | PLN 5.49 | PLN 5.41 | Przemysław Sawala-Uryasz | 18 November 2016 |
| PKN Orlen | 19 November 2015 | Restricted | - | - | - | 18 November 2016 |
| PKP Cargo | 19 November 2015 | Restricted | - | - | - | 18 November 2016 |
| GTC | 16 November 2015 | Hold | PLN 7.20 | PLN 7.15 | Małgorzata Kloka, CFA | 15 November 2016 |
| AAT Holding | 12 November 2015 | Buy | PLN 33.30 | PLN 23.69 | Marcin Gątarz, CFA | 11 November 2016 |
| Exillon Energy | 6 November 2015 | Not rated | - | - | - | 5 November 2016 |
| Kopex | 6 November 2015 | Not rated | - | - | - | 5 November 2016 |
| KRKA | 6 November 2015 | Not rated | - | - | - | 5 November 2016 |
| Milkiland | 6 November 2015 | Not rated | - | - | - | 5 November 2016 |
| New World Resources | 6 November 2015 | Not rated | - | - | - | 5 November 2016 |
| Polimex | 6 November 2015 | Not rated | - | - | - | 5 November 2016 |
| Polnord | 6 November 2015 | Not rated | - | - | - | 5 November 2016 |
| Orange Polska | 29 October 2015 | Buy | PLN 8.34 | PLN 7.00 | Przemysław Sawala-Uryasz | 28 October 2016 |
| ZE PAK | 16 October 2015 | Hold | PLN 14.80 | PLN 13.60 | Łukasz Jakubowski | 15 October 2016 |
| Amica | 8 October 2015 | Buy | PLN 199.00 | PLN 159.00 | Tomasz Kuciński, CFA | 7 October 2016 |
| Kernel Holding | 6 October 2015 | Buy | PLN 59.60 | PLN 44.11 | Marcin Gątarz, CFA | 5 October 2016 |
| TVN | 5 October 2015 | Not rated | - | - | - | 4 October 2016 |
| Kety | 29 September 2015 | Hold | PLN 307.00 | PLN 283.00 | Tomasz Kuciński, CFA | 28 September 2016 |
| Monnari | 28 September 2015 | Buy | PLN 23.00 | PLN 16.70 | Małgorzata Kloka, CFA | 27 September 2016 |
| Gino Rossi | 28 September 2015 | Hold | PLN 2.80 | PLN 2.58 | Małgorzata Kloka, CFA | 27 September 2016 |
| MLP Group | 14 September 2015 | Buy | PLN 40.10 | PLN 32.48 | Małgorzata Kloka, CFA | 13 September 2016 |
| Energa | 9 September 2015 | Buy | PLN 22.80 | PLN 18.60 | Łukasz Jakubowski | 8 September 2016 |
| LPP | 25 August 2015 | Sell | PLN 6,100 | PLN 7,000 | Małgorzata Kloka, CFA | 24 August 2016 |
| Benefit Systems | 11 August 2015 | Buy | PLN 520.0 | PLN 442.00 | Małgorzata Kloka, CFA | 10 August 2016 |
| VRG | 31 July 2015 | Buy | PLN 2.80 | PLN 2.40 | Małgorzata Kloka, CFA | 30 July 2016 |
| Amrest | 21 July 2015 | Hold | PLN 175.00 | PLN 169.90 | Małgorzata Kloka, CFA | 20 July 2016 |
| PGE | 16 July 2015 | Hold | PLN 17.60 | PLN 17.53 | Łukasz Jakubowski | 15 July 2016 |
| Tauron PE | 16 July 2015 | Hold | PLN 4.60 | PLN 4.22 | Łukasz Jakubowski | 15 July 2016 |
| Bogdanka | 6 July 2015 | Hold | PLN 61.00 | PLN 57.20 | Marcin Gątarz, CFA | 5 July 2016 |
| CCC | 19 June 2015 | Hold | PLN 180.00 | PLN 176.15 | Małgorzata Kloka, CFA | 18 June 2016 |
| Ferro | 18 June 2015 | Buy | PLN 13.50 | PLN 10.89 | Marcin Gątarz, CFA | 17 June 2016 |
| Alumetal S.A. | 18 June 2015 | Hold | PLN 56.10 | PLN 52.85 | Marcin Gątarz, CFA | 17 June 2016 |
| Wirtualna Polska | 16 June 2015 | Buy | PLN 41.81 | PLN 34.55 | Przemysław Sawala-Uryasz | 15 June 2016 |
| Jastrzebska Spolka Weglowa | 8 June 2015 | Sell | PLN 10.30 | PLN 13.52 | Marcin Gątarz, CFA | 7 June 2016 |
| Astarta | 27 May 2015 | Buy | PLN 40.10 | PLN 25.88 | Marcin Gątarz, CFA | 26 May 2016 |
| PGNiG | 26 May 2015 | Sell | PLN 5.00 | PLN 6.50 | Helena Naffa, PhD; Flawiusz Pawluk | 25 May 2016 |
| LPP | 18 May 2015 | Sell | PLN 65.00 | PLN 7,840 | Małgorzata Kloka, CFA | 17 May 2016 |
| PKP Cargo | 13 May 2015 | Buy | PLN 95.00 | PLN 85.28 | Marcin Gątarz, CFA | 12 May 2016 |
| Amrest | 6 May 2015 | Buy | PLN 152.00 | PLN 131.40 | Małgorzata Kloka, CFA | 5 May 2016 |
| VRG | 5 May 2015 | Hold | PLN 2.40 | PLN 2.20 | Małgorzata Kloka, CFA | 4 May 2016 |
| ZCh Police | 16 April 2015 | Sell | PLN 17.90 | PLN 23.80 | Łukasz Jakubowski | 15 April 2016 |
| ZA Pulawy | 16 April 2015 | Buy | PLN 234.50 | PLN 150.30 | Łukasz Jakubowski | 15 April 2016 |
| Grupa Azoty | 16 April 2015 | Sell | PLN 67.00 | PLN 87.60 | Łukasz Jakubowski | 15 April 2016 |
| Polnord | 2 April 2015 | CiT | - | - | - | 1 April 2016 |
| Global City Holdings | 2 April 2015 | Not rated | - | - | - | 1 April 2016 |
| Valamar Riviera | 2 April 2015 | Buy | HKR 25.90 | HRK 19.08 | Ana Matić, Ivana Blašković, CFA | 1 April 2016 |
| PKO BP | 31 March 2015 | CiT | - | - | - | 30 March 2016 |
| BZ WBK | 31 March 2015 | CiT | - | - | - | 30 March 2016 |
| mBank | 31 March 2015 | CiT | - | - | - | 30 March 2016 |
| Getin Noble Bank | 31 March 2015 | CiT | - | - | - | 30 March 2016 |
| Bank Handlowy | 31 March 2015 | CiT | - | - | - | 30 March 2016 |
| Bank Millennium | 31 March 2015 | CiT | - | - | - | 30 March 2016 |
| ING Bank Slaski | 31 March 2015 | CiT | - | - | - | 30 March 2016 |
| Alior Bank | 31 March 2015 | CiT | - | - | - | 30 March 2016 |
| PZU | 31 March 2015 | CiT | - | - | - | 30 March 2016 |
| Warsaw Stock Exchange | 31 March 2015 | CiT | - | - | - | 30 March 2016 |
| Komercni banka | 31 March 2015 | CiT | - | - | - | 30 March 2016 |
| OTP Bank | 31 March 2015 | CiT | - | - | - | 30 March 2016 |
| Podravka | 25 March 2015 | Buy | HRK 398.96 | HRK 294.84 | Nikolina Medic, CFA | 24 March 2016 |
| Bogdanka | 19 March 2015 | Hold | PLN 86.00 | PLN 82.50 | Marcin Gątarz, CFA | 18 March 2016 |
| Ciech | 17 March 2015 | Buy | PLN 62.40 | PLN 52.80 | Łukasz Jakubowski | 16 March 2016 |
| Robyg | 12 March 2015 | Hold | PLN 2.50 | PLN 2.33 | Małgorzata Kloka, CFA | 11 March 2016 |
| Ronson | 12 March 2015 | Buy | PLN 1.80 | PLN 1.41 | Małgorzata Kloka, CFA | 11 March 2016 |
| LC Corp | 12 March 2015 | Buy | PLN 2.45 | PLN 1.95 | Małgorzata Kloka, CFA | 11 March 2016 |
| Fortuna Entertainment Group | 9 March 2015 | Hold | CZK 109.00 | CZK 104.50 | Małgorzata Kloka, CFA | 8 March 2016 |
| Kernel Holding | 4 March 2015 | Buy | PLN 43.60 | PLN 31.82 | Marcin Gątarz, CFA | 3 March 2016 |
| Action S.A. | 3 March 2015 | Hold | PLN 56.60 | PLN 52.95 | Przemysław Sawala-Uryasz | 2 March 2016 |
| ABC Data | 3 March 2015 | Hold | PLN 3.81 | PLN 3.50 | Przemysław Sawala-Uryasz | 2 March 2016 |
| AB S.A. | 3 March 2015 | Buy | PLN 47.10 | PLN 38.50 | Przemysław Sawala-Uryasz | 2 March 2016 |
| Monnari | 19 February 2015 | Buy | PLN 19.00 | PLN 13.69 | Małgorzata Kloka, CFA | 19 February 2016 |
| Astarta | 17 February 2015 | Hold | PLN 27.80 | PLN 25.00 | Marcin Gątarz, CFA | 17 February 2016 |
| Kernel Holding | 17 February 2015 | Hold | PLN 36.60 | PLN 31.50 | Marcin Gątarz, CFA | 17 February 2016 |
| Milkiland | 17 February 2015 | CiT | - | - | - | 17 February 2016 |
| OMV Petrom | 17 February 2015 | Buy | RON 0.45 | RON 0.378 | Helena Naffa, PhD | 17 February 2016 |
| Ovostar Union N.V. | 17 February 2015 | Hold | PLN 78.00 | PLN 70.79 | Marcin Gątarz, CFA | 17 February 2016 |
| Agora | 4 February 2015 | Buy | PLN 12.50 | PLN 9.18 | Przemysław Sawala-Uryasz | 4 February 2016 |
| Alior Bank | 29 January 2015 | Buy | PLN 95.00 | PLN 84.73 | Robert Brzoza | 29 January 2016 |
| KGHM | 28 January 2015 | Hold | PLN 108.00 | PLN 102.75 | Marcin Gątarz, CFA | 28 January 2016 |
| MOL | 28 January 2015 | Hold | HUF 11,330 | HUF 11,300 | Helena Naffa, PhD | 28 January 2016 |
| ZE PAK | 19 December 2014 | Buy | PLN 33.70 | |||
| Cyfrowy Polsat | 10 December 2014 | Hold | PLN 26 | |||
| Bogdanka | 9 December 2014 | Buy | PLN 123 | |||
| Jastrzebska Spolka Weglowa | 9 December 2014 | Sell | PLN 17.5 | |||
| Kopex | 9 December 2014 | Hold | PLN 11.5 | |||
| PKN Orlen | 8 December 2014 | Buy | PLN 56.7 | |||
| TVN | 25 November 2014 | Hold | PLN 16.78 | |||
| Ciech | 24 November 2014 | Buy | PLN 51.8 | |||
| Amrest | 19 November 2014 | Buy | PLN 124 | |||
| ENEA | 19 November 2014 | Buy | PLN 20.4 | |||
| Work Service | 14 November 2014 | Hold | PLN 19.3 | |||
| Gino Rossi | 6 November 2014 | Buy | PLN 4.1 | |||
| Kety | 6 November 2014 | Hold | PLN 300 | |||
| Monnari | 6 November 2014 | Buy | PLN 13.1 | |||
| VRG | 6 November 2014 | Buy | PLN 2.2 | |||
| Energa | 3 November 2014 | Hold | PLN 24.6 | |||
| Fortuna Entertainment Group | 3 November 2014 | Buy | CZK 149 | |||
| Kino Polska | 29 October 2014 | Buy | PLN 14.5 | |||
| Grupa Azoty | 9 October 2014 | Sell | PLN 55.4 | |||
| LPP | 6 October 2014 | Hold | PLN 9500 | |||
| Astarta | 26 September 2014 | Hold | PLN 45 | |||
| Exillon Energy | 18 September 2014 | CiT | - | |||
| Tauron PE | 11 September 2014 | Sell | PLN 4.62 | |||
| Alior Bank | 10 September 2014 | Buy | PLN 95 | |||
| Bank Handlowy | 10 September 2014 | Hold | PLN 125 | |||
| Bank Millennium | 10 September 2014 | Buy | PLN 9.6 | |||
| BZ WBK | 10 September 2014 | Sell | PLN 375 | |||
| Getin Noble Bank | 10 September 2014 | Buy | PLN 3.1 |
| ING Bank Slaski | 10 September 2014 | Hold | PLN 153 | |||
| Komercni banka | 10 September 2014 | Hold | CZK 5200 | |||
| mBank | 10 September 2014 | Hold | PLN 516 | |||
| OTP Bank | 10 September 2014 | Hold | HUF 4600 | |||
| PKO BP | 10 September 2014 | Hold | PLN 43 | |||
| Netia | 5 September 2014 | Sell | PLN 5.31 | |||
| Action S.A. | 3 September 2014 | Buy | PLN 51.56 | |||
| Orange Polska | 27 August 2014 | Hold | PLN 11.05 | |||
| Alumetal S.A. | 26 August 2014 | Buy | PLN 47 | |||
| PGE | 19 August 2014 | Hold | PLN 24 | |||
| Echo Investment | 13 August 2014 | Buy | PLN 7.4 | |||
| GTC | 13 August 2014 | Hold | PLN 7.5 | |||
| MLP Group | 13 August 2014 | Buy | PLN 34.7 | |||
| ZE PAK | 12 August 2014 | Buy | PLN 33 | |||
| Warsaw Stock Exchange | 5 August 2014 | Buy | PLN 40 | |||
| PZU | 31 July 2014 | Buy | PLN 527 | |||
| CEZ | 21 July 2014 | Hold | CZK 622 | |||
| PGE | 21 July 2014 | Hold | PLN 20 | |||
| PKP Cargo | 17 July 2014 | Hold | PLN 81 | |||
| Work Service | 17 July 2014 | Buy | PLN 16.5 | |||
| Netia | 2 July 2014 | Restricted | - | |||
| PGE | 2 July 2014 | Restricted | - | |||
| Cyfrowy Polsat | 26 June 2014 | Buy | PLN 26 | |||
| CCC | 25 June 2014 | Hold | PLN 124 | |||
| LPP | 25 June 2014 | Buy | PLN 10400 | |||
| Netia | 20 June 2014 | Hold | PLN 5.21 | |||
| Atlantic Grupa | 18 June 2014 | Hold | HRK 927.4 | |||
| Ferro | 2 June 2014 | Buy | PLN 14.3 | |||
| ABC Data | 22 May 2014 | Buy | PLN 5.1 | |||
| Kino Polska | 19 May 2014 | Sell | PLN 17.7 | |||
| Amrest | 13 May 2014 | Buy | PLN 99 | |||
| MOL | 13 May 2014 | Hold | HUF 13100 | |||
| PGE | 29 April 2014 | Hold | PLN 20 | |||
| Robyg | 22 April 2014 | Buy | PLN 3.22 | |||
| Bogdanka | 17 April 2014 | Buy | PLN 138 | |||
| Jastrzebska Spolka Weglowa | 17 April 2014 | Sell | PLN 39 | |||
| New World Resources | 17 April 2014 | CiT | - | |||
| ZE PAK | 10 April 2014 | Hold | PLN 25.4 | |||
| Ciech | 7 April 2014 | Hold | PLN 36.5 | |||
| Energa | 4 April 2014 | Buy | PLN 21.8 | |||
| Emperia Holding | 1 April 2014 | Buy | PLN 73 | |||
| Eurocash | 1 April 2014 | Hold | PLN 42 | |||
| Alior Bank | 31 March 2014 | Buy | PLN 98 | |||
| Bank Handlowy | 31 March 2014 | Buy | PLN 127 | |||
| Bank Millennium | 31 March 2014 | Hold | PLN 9.5 | |||
| BZ WBK | 31 March 2014 | Sell | PLN 386 | |||
| Getin Noble Bank | 31 March 2014 | Hold | PLN 3.4 | |||
| ING Bank Slaski | 31 March 2014 | Buy | PLN 154 | |||
| Komercni banka | 31 March 2014 | Hold | CZK 5100 | |||
| mBank | 31 March 2014 | Hold | PLN 534 | |||
| OTP Bank | 31 March 2014 | Buy | HUF 4700 | |||
| PKO BP | 31 March 2014 | Hold | PLN 44 | |||
| Polnord | 28 March 2014 | Buy | PLN 9.7 | |||
| Open Finance | 24 February 2014 | Buy | PLN 19 | |||
| Atlantic Grupa | 21 February 2014 | Buy | HRK 880.68 | |||
| TVN | 18 February 2014 | Sell | PLN 15.4 | |||
| Orange Polska | 13 February 2014 | Hold | PLN 10.7 | |||
| PGNiG | 13 February 2014 | Hold | PLN 5.36 | |||
| Amrest | 12 February 2014 | Hold | PLN 95 | |||
| Kino Polska | 12 February 2014 | Hold | PLN 27.6 | |||
| T-Hrvatski Telekom | 12 February 2014 | Buy | HRK 217.16 | |||
| KGHM | 11 February 2014 | Hold | PLN 111 | |||
| Gedeon Richter | 10 February 2014 | Hold | HUF 4050 | |||
| LPP | 31 January 2014 | Buy | PLN 11000 | |||
| MLP Group | 22 January 2014 | Buy | PLN 33.6 | |||
| Ferro | 16 January 2014 | Hold | PLN 12 | |||
| Energa | 13 January 2014 | Buy | PLN 17.9 | |||
| PZU | 8 January 2014 | Buy | PLN 492 | |||
| Asseco Poland | 10 December 2013 | Hold | PLN 49.6 | |||
| Cyfrowy Polsat | 10 December 2013 | Buy | PLN 24.5 | |||
| PKN Orlen | 10 December 2013 | Buy | PLN 52.1 | |||
| Bank Millennium | 9 December 2013 | Buy | PLN 8.6 | |||
| Getin Noble Bank | 9 December 2013 | Buy | PLN 3.1 | |||
| PKP Cargo | 9 December 2013 | Buy | PLN 95 | |||
| Kernel Holding | 2 December 2013 | Buy | PLN 54 | |||
| Bogdanka | 12 November 2013 | Buy | PLN 153 | |||
| Fortuna Entertainment Group | 12 November 2013 | Buy | CZK 141 | |||
| OMV Petrom | 8 November 2013 | Buy | RON 0.58 | |||
| CCC | 6 November 2013 | Sell | PLN 113 | |||
| Gedeon Richter | 6 November 2013 | Restricted | HUF 4154 | |||
| MOL | 4 November 2013 | Buy | HUF 19434 | |||
| Open Finance | 29 October 2013 | Buy | PLN 22.1 | |||
| Robyg | 29 October 2013 | Buy | PLN 2.78 | |||
| Orange Polska | 24 October 2013 | Buy | PLN 10.5 | |||
| MOL | 22 October 2013 | Restricted | - | |||
| Arctic Paper | 21 October 2013 | Not rated | - | |||
| Alior Bank | 18 October 2013 | Sell | PLN 67 | |||
| Ovostar Union N.V. | 18 October 2013 | Hold | PLN 108 | |||
| LC Corp | 16 October 2013 | Buy | PLN 2.03 | |||
| Magyar Telekom | 8 October 2013 | Hold | HUF 330 | |||
| Alior Bank | 11 September 2013 | Buy | PLN 94 | |||
| Bank Handlowy | 11 September 2013 | Sell | PLN 86 | |||
| Bank Millennium | 11 September 2013 | Buy | PLN 7 | |||
| BZ WBK | 11 September 2013 | Hold | PLN 287 | |||
| Getin Noble Bank | 11 September 2013 | Buy | PLN 2.4 | |||
| ING Bank Slaski | 11 September 2013 | Sell | PLN 88 | |||
| Komercni banka | 11 September 2013 | Hold | CZK 4400 | |||
| mBank | 11 September 2013 | Sell | PLN 362 | |||
| OTP Bank | 11 September 2013 | Hold | HUF 4700 | |||
| PKO BP | 11 September 2013 | Buy | PLN 39 | |||
| Tauron PE | 11 September 2013 | Sell | PLN 4.04 | |||
| LPP | 3 September 2013 | Hold | PLN 8400 | |||
| Orange Polska | 21 August 2013 | Buy | PLN 8.13 | |||
| PKN Orlen | 22 July 2013 | Sell | PLN 41.9 | |||
| Warsaw Stock Exchange | 19 July 2013 | Buy | PLN 44 | |||
| PGE | 18 July 2013 | Sell | PLN 12 | |||
| Jastrzebska Spolka Weglowa | 16 July 2013 | Sell | PLN 62 | |||
| New World Resources | 16 July 2013 | Sell | CZK 16 | |||
| Exillon Energy | 8 July 2013 | Buy | GBp 278 | |||
| Echo Investment | 3 July 2013 | Buy | PLN 8 | |||
| PZU | 3 July 2013 | Buy | PLN 443 | |||
| Robyg | 25 June 2013 | Buy | PLN 2.08 | |||
| Gedeon Richter | 20 June 2013 | Buy | HUF 4154 | |||
| Gedeon Richter | 20 June 2013 | Buy | HUF 41.539 | |||
| Gedeon Richter | 20 June 2013 | Buy | HUF 41539 | |||
| Milkiland | 13 June 2013 | Hold | PLN 13.3 | |||
| PZU | 11 June 2013 | Hold | PLN 443 | |||
| Asseco Poland | 6 June 2013 | Buy | PLN 46.8 | |||
| Kino Polska | 4 June 2013 | Buy | PLN 19.6 | |||
| Agora | 31 May 2013 | Hold | PLN 8.5 | |||
| Cyfrowy Polsat | 29 May 2013 | Hold | PLN 20.3 | |||
| Kety | 28 May 2013 | Hold | PLN 165 | |||
| New World Resources | 28 May 2013 | Sell | CZK 31 | |||
| PGNiG | 28 May 2013 | Hold | PLN 6.3 | |||
| PKN Orlen | 28 May 2013 | Restricted | - | |||
| Pulawy | 22 May 2013 | Not rated | - | |||
| MOL | 21 May 2013 | Buy | HUF 19434 | |||
| CEZ | 13 May 2013 | Buy | CZK 618 | |||
| Asseco Poland | 7 May 2013 | Hold | PLN 48.3 | |||
| CEDC | 7 May 2013 | Not rated | - | |||
| Central European Media Enterprises | 7 May 2013 | Not rated | - | |||
| NFI EMPiK Media & Fashion | 7 May 2013 | Not rated | - | |||
| T-Hrvatski Telekom | 30 April 2013 | CiT | - | |||
| Atlantic Grupa | 19 April 2013 | Buy | HRK 821.27 | |||
| KGHM | 10 April 2013 | Buy | PLN 185 | |||
| Open Finance | 26 March 2013 | Hold | PLN 13.4 | |||
| Kernel Holding | 25 March 2013 | Hold | PLN 61 | |||
| Agora | 18 March 2013 | Hold | PLN 9.7 | |||
| Alior Bank | 14 March 2013 | Buy | PLN 95 | |||
| Bank Handlowy | 14 March 2013 | Hold | PLN 95 | |||
| Bank Millennium | 14 March 2013 | Hold | PLN 5.1 | |||
| Getin Noble Bank | 14 March 2013 | Hold | PLN 2 | |||
| ING Bank Slaski | 14 March 2013 | Hold | PLN 95 | |||
| Komercni banka | 14 March 2013 | Buy | CZK 4500 | |||
| mBank | 14 March 2013 | Sell | PLN 314 | |||
| OTP Bank | 14 March 2013 | Buy | HUF 5500 | |||
| PKO BP | 14 March 2013 | Buy | PLN 40 | |||
| PGE | 7 March 2013 | Hold | PLN 16.8 | |||
| Orange Polska | 15 February 2013 | Hold | PLN 7.35 | |||
| Alior Bank | 5 February 2013 | Buy | PLN 100 | |||
| Benefit Systems SA | 1 February 2013 | Buy | PLN 350 | |||
| Fortuna Entertainment Group | 1 February 2013 | Buy | CZK 111 | |||
| Netia | 25 January 2013 | Hold | PLN 5 | |||
| KGHM | 23 January 2013 | Hold | PLN 205 | |||
| Global City Holdings | 17 January 2013 | Hold | PLN 30 | |||
| PKN Orlen | 11 January 2013 | Sell | PLN 41.9 | |||
| CCC | 8 January 2013 | Hold | PLN 77 | |||
| LPP | 8 January 2013 | Buy | PLN 5500 | |||
| TVN | 7 January 2013 | Hold | PLN 10.5 | |||
| ZE PAK | 7 January 2013 | Buy | PLN 35.7 | |||
| Jastrzebska Spolka Weglowa | 4 January 2013 | Sell | PLN 83 | |||
| New World Resources | 4 January 2013 | Sell | CZK 74 | |||
| BZ WBK | 27 December 2012 | Buy | PLN 295 | |||
| Bogdanka | 20 December 2012 | Buy | PLN 157 | |||
| PZU | 20 December 2012 | Hold | PLN 444 | |||
| PGNiG | 14 December 2012 | Buy | PLN 5.42 | |||
| Telefonica CR | 4 December 2012 | CiT | - | |||
| Central European Media Enterprises | 30 November 2012 | CiT | - | |||
| Orange Polska | 30 November 2012 | Sell | PLN 11.25 | |||
| Ferro | 27 November 2012 | Hold | PLN 6.8 | |||
| Magyar Telekom | 26 November 2012 | Buy | HUF 440 | |||
| Arctic Paper | 21 November 2012 | Hold | PLN 5.8 | |||
| TVN | 19 November 2012 | Buy | PLN 9 | |||
| Warsaw Stock Exchange | 14 November 2012 | Hold | PLN 39 | |||
| GTC | 12 November 2012 | Sell | PLN 7.2 | |||
| Tauron PE | 8 November 2012 | Sell | PLN 3.6 | |||
| Antibiotice | 6 November 2012 | Not rated | - | |||
| Banca Transilvania | 6 November 2012 | Not rated | - | |||
| Bank Handlowy | 6 November 2012 | Sell | PLN 85 | |||
| Bank Millennium | 6 November 2012 | Sell | PLN 3.8 | |||
| BRD Groupe Société Générale | 6 November 2012 | Not rated | - | |||
| BZ WBK | 6 November 2012 | Hold | PLN 250 | |||
| EGIS | 6 November 2012 | CiT | ||||
| Fondul Proprietatea | 6 November 2012 | CiT | ||||
| Gedeon Richter | 6 November 2012 | CiT | - | |||
| Getin Noble Bank | 6 November 2012 | Hold | PLN 1.8 | |||
| Impact Developer & Contractor | 6 November 2012 | Not rated | - | |||
| ING Bank Slaski | 6 November 2012 | Sell | PLN 80 | |||
| Komercni banka | 6 November 2012 | Hold | CZK 4200 | |||
| Kredyt Bank | 6 November 2012 | Not rated | - | |||
| Krka | 6 November 2012 | CiT | - | |||
| mBank | 6 November 2012 | Sell | PLN 280 | |||
| OMV Petrom | 6 November 2012 | Not rated | - | |||
| OTP Bank | 6 November 2012 | Hold | HUF 4100 | |||
| PKO BP | 6 November 2012 | Hold | PLN 37 | |||
| SIF Banat Crisana (1) | 6 November 2012 | Not rated | - | |||
| SIF Moldova (2) | 6 November 2012 | Not rated | - | |||
| SIF Muntenia (4) | 6 November 2012 | Not rated | - | |||
| SIF Oltenia (5) | 6 November 2012 | Not rated | - | |||
| SIF Transilvania (3) | 6 November 2012 | Not rated | - |
| Transelectrica | 6 November 2012 | Not rated | - | |||
| Transgaz | 6 November 2012 | Not rated | - | |||
| PZU | 22 October 2012 | Buy | PLN 415 | |||
| GTC | 8 October 2012 | CiT | - | |||
| Astarta | 28 September 2012 | Buy | PLN 85 | |||
| Getin Holding | 26 September 2012 | Not rated | - | |||
| Getin Noble Bank | 26 September 2012 | Buy | PLN 1.8 | |||
| KGHM | 20 September 2012 | Hold | PLN 160 | |||
| Gedeon Richter | 6 September 2012 | Hold | HUF 42220 | |||
| Cyfrowy Polsat | 4 September 2012 | Buy | PLN 16.6 | |||
| SIF Banat Crisana (1) | 4 September 2012 | Buy | RON 1.35 | |||
| SIF Moldova (2) | 4 September 2012 | Buy | RON 1.51 | |||
| SIF Muntenia (4) | 4 September 2012 | Buy | RON 0.81 | |||
| SIF Transilvania (3) | 4 September 2012 | Buy | RON 1.72 | |||
| SIF Transilvania (3) | 4 September 2012 | Buy | RON 1.67 | |||
| Transgaz | 22 August 2012 | Buy | RON 243 | |||
| Milkiland | 21 August 2012 | Buy | PLN 24 | |||
| TU Europa | 21 August 2012 | Not rated | - | |||
| EGIS | 13 August 2012 | Buy | HUF 24600 | |||
| CEZ | 10 August 2012 | Buy | CZK 792 | |||
| BRD Groupe Société Générale | 2 August 2012 | Sell | RON 7 | |||
| Milkiland | 2 August 2012 | Restricted | PLN 24 | |||
| New World Resources | 31 July 2012 | Sell | CZK 77 | |||
| Krka | 27 July 2012 | Buy | EUR 67.3 | |||
| LPP | 19 July 2012 | Buy | PLN 4400 | |||
| Amrest | 17 July 2012 | Sell | PLN 72 | |||
| Jastrzebska Spolka Weglowa | 16 July 2012 | Sell | PLN 86 | |||
| Pulawy | 16 July 2012 | Restricted | - | |||
| TVN | 13 July 2012 | Hold | PLN 8.6 | |||
| KGHM | 12 July 2012 | Hold | PLN 126 | |||
| Tauron PE | 9 July 2012 | Hold | PLN 4.65 | |||
| Kernel Holding | 29 June 2012 | Hold | PLN 65 | |||
| Fondul Proprietatea | 25 June 2012 | Buy | RON 0.6 | |||
| Budimex | 22 June 2012 | CiT | - | |||
| Echo Investment | 22 June 2012 | CiT | - | |||
| PBG | 22 June 2012 | Not rated | - | |||
| Polimex | 22 June 2012 | CiT | - | |||
| Ronson | 22 June 2012 | Not rated | - | |||
| Banca Transilvania | 20 June 2012 | Buy | RON 1.23 | |||
| Bank Handlowy | 20 June 2012 | Hold | PLN 80 | |||
| Bank Millennium | 20 June 2012 | Hold | PLN 3.6 | |||
| BRD Groupe Société Générale | 20 June 2012 | Hold | RON 9.3 | |||
| BZ WBK | 20 June 2012 | Hold | PLN 230 | |||
| ING Bank Slaski | 20 June 2012 | Sell | PLN 75 | |||
| Komercni banka | 20 June 2012 | Buy | CZK 4000 | |||
| Kredyt Bank | 20 June 2012 | Buy | PLN 16 | |||
| mBank | 20 June 2012 | Sell | PLN 270 | |||
| OTP Bank | 20 June 2012 | Hold | HUF 3700 | |||
| PKO BP | 20 June 2012 | Buy | PLN 38 | |||
| Fortuna Entertainment Group | 15 June 2012 | Not rated | - | |||
| INA | 15 June 2012 | Not rated | - | |||
| Pegas Nonwovens | 15 June 2012 | Not rated | - | |||
| Philip Morris CR | 15 June 2012 | Not rated | - | |||
| Unipetrol | 15 June 2012 | Not rated | - | |||
| ENEA | 28 May 2012 | Hold | PLN 15 | |||
| Eurocash | 22 May 2012 | Hold | PLN 42 | |||
| T-Hrvatski Telekom | 22 May 2012 | Buy | HRK 271.91 | |||
| Kernel Holding | 21 May 2012 | Buy | PLN 65 | |||
| Telefonica CR | 18 May 2012 | Restricted | - | |||
| Bogdanka | 15 May 2012 | Buy | PLN 147 | |||
| Fondul Proprietatea | 15 May 2012 | Buy | RON 0.76 | |||
| ING Bank Slaski | 9 May 2012 | Buy | PLN 85 | |||
| Mondi Packaging | 7 May 2012 | Not rated | - | |||
| CCC | 27 April 2012 | Hold | PLN 60 | |||
| Kety | 26 April 2012 | Hold | PLN 126 | |||
| TVN | 23 April 2012 | Hold | PLN 10.6 | |||
| PZU | 20 April 2012 | Buy | PLN 390 | |||
| KGHM | 13 April 2012 | Hold | PLN 154 | |||
| Banca Transilvania | 10 April 2012 | Buy | RON 1.33 | |||
| Warsaw Stock Exchange | 4 April 2012 | Hold | PLN 46 | |||
| BRD Groupe Société Générale | 3 April 2012 | Hold | RON 11.5 | |||
| MOL | 2 April 2012 | Buy | HUF 21500 | |||
| Netia | 28 March 2012 | Buy | PLN 7 | |||
| Open Finance | 23 March 2012 | Hold | PLN 18 | |||
| Global City Holdings | 22 March 2012 | Hold | PLN 36 | |||
| SIF Banat Crisana (1) | 22 March 2012 | Buy | RON 1.37 | |||
| SIF Moldova (2) | 22 March 2012 | Buy | RON 1.79 | |||
| SIF Muntenia (4) | 22 March 2012 | Buy | RON 0.94 | |||
| SIF Oltenia (5) | 22 March 2012 | Buy | RON 1.99 | |||
| SIF Transilvania (3) | 22 March 2012 | Hold | RON 0.7 | |||
| Krka | 21 March 2012 | Buy | EUR 68.8 | |||
| Ferro | 16 March 2012 | Buy | PLN 12.8 | |||
| CEZ | 12 March 2012 | Hold | CZK 827 | |||
| PGE | 12 March 2012 | Buy | PLN 22.5 | |||
| LPP | 8 March 2012 | Buy | PLN 2900 | |||
| GTC | 5 March 2012 | Restricted | - | |||
| Fondul Proprietatea | 1 March 2012 | Buy | RON 0.8 | |||
| New World Resources | 24 February 2012 | Sell | CZK 112 | |||
| PGE | 23 February 2012 | Restricted | - | |||
| Kernel Holding | 17 February 2012 | Hold | PLN 78 | |||
| Mondi Packaging | 16 February 2012 | Restricted | - | |||
| OMV Petrom S.A. | 15 February 2012 | Buy | RON 0.43 | |||
| EGIS | 14 February 2012 | Buy | HUF 19500 | |||
| Atlantic Grupa | 3 February 2012 | Buy | HRK 711 | |||
| Vimetco | 2 February 2012 | Not rated | - | |||
| Eurocash | 25 January 2012 | Buy | PLN 34 | |||
| PKN Orlen | 13 January 2012 | Sell | PLN 30.3 | |||
| Arctic Paper | 9 January 2012 | Hold | PLN 7.3 | |||
| Milkiland | 2 January 2012 | Buy | PLN 24 | |||
| Polimex | 20 December 2011 | Buy | PLN 2 | |||
| SIF Banat Crisana (1) | 20 December 2011 | Buy | RON 1.29 | |||
| SIF Moldova (2) | 20 December 2011 | Buy | RON 1.52 | |||
| SIF Muntenia (4) | 20 December 2011 | Buy | RON 0.83 | |||
| SIF Oltenia (5) | 20 December 2011 | Buy | RON 2.01 | |||
| SIF Transilvania (3) | 20 December 2011 | Hold | RON 0.57 | |||
| KGHM | 16 December 2011 | Hold | PLN 111 | |||
| OTP Bank | 16 December 2011 | Hold | HUF 3600 | |||
| Getin Holding | 14 December 2011 | Restricted | - | |||
| TU Europa | 14 December 2011 | Restricted | - | |||
| Mondi Packaging | 2 December 2011 | Buy | PLN 73 | |||
| Astarta | 1 December 2011 | Buy | PLN 80 | |||
| Cyfrowy Polsat | 29 November 2011 | Buy | PLN 16.3 | |||
| TVN | 29 November 2011 | Hold | PLN 11.29 | |||
| Jastrzebska Spolka Weglowa | 22 November 2011 | Hold | PLN 93 | |||
| New World Resources | 22 November 2011 | Sell | CZK 117 | |||
| BRD Groupe Société Générale | 21 November 2011 | Sell | RON 10.3 | |||
| PGE | 18 November 2011 | Buy | PLN 22.5 | |||
| CA Immo International | 16 November 2011 | Not rated | - | |||
| UNIQA | 16 November 2011 | Not rated | - | |||
| Vienna Insurance Group | 16 November 2011 | Not rated | - | |||
| Global City Holdings | 14 November 2011 | Buy | PLN 35 | |||
| Pulawy | 8 November 2011 | Hold | PLN 100 | |||
| Banca Transilvania | 7 November 2011 | Hold | RON 1.07 | |||
| Open Finance | 4 November 2011 | Buy | PLN 23.2 | |||
| OTP Bank | 3 November 2011 | Hold | HUF 3850 | |||
| EGIS | 28 October 2011 | Hold | HUF 20420 | |||
| KGHM | 26 October 2011 | Hold | PLN 163 | |||
| Netia | 26 October 2011 | Buy | PLN 7.02 | |||
| Bogdanka | 25 October 2011 | Buy | PLN 128 | |||
| Tauron PE | 25 October 2011 | Hold | PLN 5.7 | |||
| Transelectrica | 25 October 2011 | Hold | RON 20 | |||
| PKO BP | 21 October 2011 | Hold | PLN 42 | |||
| PZU | 21 October 2011 | Buy | PLN 400 | |||
| Kety | 20 October 2011 | Hold | PLN 113 | |||
| Mondi Packaging | 20 October 2011 | Hold | PLN 76 | |||
| TU Europa | 20 October 2011 | Buy | PLN 205 | |||
| Gedeon Richter | 18 October 2011 | Buy | HUF 42165 | |||
| ING Bank Slaski | 18 October 2011 | Buy | PLN 850 | |||
| mBank | 18 October 2011 | Hold | PLN 290 | |||
| Bank Handlowy | 17 October 2011 | Buy | PLN 85 | |||
| Kredyt Bank | 17 October 2011 | Buy | PLN 18 | |||
| Warsaw Stock Exchange | 13 October 2011 | Buy | PLN 56 | |||
| CCC | 12 October 2011 | Hold | PLN 46 | |||
| Bank Millennium | 11 October 2011 | Hold | PLN 5.1 | |||
| Echo Investment | 7 October 2011 | Buy | PLN 4.5 | |||
| Komercni banka | 7 October 2011 | Buy | CZK 4300 | |||
| Arctic Paper | 4 October 2011 | Buy | PLN 6.5 | |||
| PGE | 26 September 2011 | Hold | PLN 18.2 | |||
| Budimex | 20 September 2011 | Buy | PLN 100 | |||
| PBG | 19 September 2011 | Hold | PLN 75 | |||
| Polimex | 19 September 2011 | Hold | PLN 1.55 | |||
| Jastrzebska Spolka Weglowa | 13 September 2011 | Hold | PLN 105 | |||
| New World Resources | 13 September 2011 | Sell | CZK 142 | |||
| SIF Banat Crisana (1) | 13 September 2011 | Buy | RON 1.41 | |||
| SIF Moldova (2) | 13 September 2011 | Buy | RON 1.77 | |||
| SIF Muntenia (4) | 13 September 2011 | Buy | RON 0.94 | |||
| SIF Oltenia (5) | 13 September 2011 | Buy | RON 2 | |||
| SIF Transilvania (3) | 13 September 2011 | Buy | RON 0.69 | |||
| Amrest | 31 August 2011 | CiT | - | |||
| CCC | 31 August 2011 | CiT | - | |||
| CEDC | 31 August 2011 | CiT | - | |||
| Emperia Holding | 31 August 2011 | CiT | - | |||
| Eurocash | 31 August 2011 | CiT | - | |||
| Fortuna Entertainment Group | 31 August 2011 | CiT | - | |||
| Global City Holdings | 31 August 2011 | CiT | - | |||
| LPP | 31 August 2011 | CiT | - | |||
| NFI EMPiK Media & Fashion | 31 August 2011 | CiT | - | |||
| GTC | 26 August 2011 | Hold | PLN 12.5 | |||
| TVN | 25 August 2011 | Hold | PLN 14.7 | |||
| Transgaz | 24 August 2011 | Buy | RON 236 | |||
| Banca Transilvania | 23 August 2011 | Hold | RON 1.18 | |||
| PGE | 22 August 2011 | CiT | - | |||
| T-Hrvatski Telekom | 22 August 2011 | Buy | HRK 287.79 | |||
| BRD Groupe Société Générale | 16 August 2011 | Buy | RON 14.1 | |||
| OMV Petrom S.A. | 9 August 2011 | Buy | RON 0.47 | |||
| Arctic Paper | 21 July 2011 | Hold | PLN 7.5 | |||
| Astarta | 21 July 2011 | Buy | PLN 109 | |||
| Kernel Holding | 21 July 2011 | Buy | PLN 89 | |||
| Milkiland | 21 July 2011 | Buy | PLN 45 | |||
| New World Resources | 21 July 2011 | Hold | CZK 256 | |||
| Pulawy | 21 July 2011 | Hold | PLN 114 | |||
| GTC | 20 July 2011 | Buy | PLN 23 | |||
| Magyar Telekom | 20 July 2011 | Hold | HUF 604 | |||
| Netia | 20 July 2011 | Buy | PLN 6.2 | |||
| Orange Polska | 20 July 2011 | Hold | PLN 17.1 | |||
| Tauron PE | 20 July 2011 | Hold | PLN 6.8 | |||
| TVN | 20 July 2011 | Hold | PLN 17.5 | |||
| Fortuna Entertainment Group | 19 July 2011 | Hold | CZK 130 | |||
| Gedeon Richter | 15 July 2011 | Buy | HUF 42820 | |||
| PZU | 15 July 2011 | Buy | PLN 425 | |||
| EGIS | 14 July 2011 | Hold | HUF 20200 | |||
| PGNiG | 14 July 2011 | Hold | PLN 4.42 | |||
| Bank Handlowy | 13 July 2011 | Buy | PLN 96 | |||
| BZ WBK | 13 July 2011 | Hold | PLN 240 | |||
| Getin Holding | 13 July 2011 | Buy | PLN 15 | |||
| ING Bank Slaski | 13 July 2011 | Hold | PLN 925 | |||
| Kredyt Bank | 13 July 2011 | Hold | PLN 17.5 | |||
| mBank | 13 July 2011 | Buy | PLN 360 | |||
| OTP Bank | 13 July 2011 | Buy | HUF 6700 | |||
| Polimex | 13 July 2011 | Hold | PLN 3.4 | |||
| Budimex | 11 July 2011 | Buy | PLN 118 | |||
| Krka | 8 July 2011 | Buy | EUR 74.1 | |||
| KGHM | 7 July 2011 | Hold | PLN 200.1 | |||
| Ferro | 4 July 2011 | Buy | PLN 12.7 | |||
| Vienna International Airport | 29 June 2011 | Hold | EUR 40 | |||
| Cyfrowy Polsat | 28 June 2011 | Buy | PLN 18.9 | |||
| PZU | 27 June 2011 | Hold | PLN 390 | |||
| ENEA | 24 June 2011 | Sell | PLN 18 | |||
| Emperia Holding | 21 June 2011 | Buy | PLN 125 | |||
| Open Finance | 16 June 2011 | Buy | PLN 22.8 | |||
| PZU | 8 June 2011 | Restricted | - | |||
| Budimex | 2 June 2011 | Buy | PLN 127 | |||
| PBG | 2 June 2011 | Hold | PLN 150 | |||
| Polimex | 2 June 2011 | Hold | PLN 3.2 | |||
| TU Europa | 31 May 2011 | Buy | PLN 236 | |||
| EGIS | 20 May 2011 | Buy | HUF 22820 | |||
| SIF Banat Crisana (1) | 20 May 2011 | Buy | RON 1.57 | |||
| SIF Moldova (2) | 20 May 2011 | Buy | RON 2 | |||
| SIF Muntenia (4) | 20 May 2011 | Buy | RON 1.08 | |||
| SIF Oltenia (5) | 20 May 2011 | Buy | RON 2.25 | |||
| SIF Transilvania (3) | 20 May 2011 | Buy | RON 0.8 | |||
| Banca Transilvania | 18 May 2011 | Hold | RON 1.4 | |||
| SIF Transilvania (3) | 18 May 2011 | Buy | RON 0.81 | |||
| Fondul Proprietatea | 13 May 2011 | Buy | RON 0.91 | |||
| SIF Muntenia (4) | 13 May 2011 | Buy | RON 0.99 | |||
| SIF Banat Crisana (1) | 12 May 2011 | Buy | RON 1.46 | |||
| SIF Oltenia (5) | 12 May 2011 | Buy | RON 2.12 | |||
| T-Hrvatski Telekom | 3 May 2011 | Hold | HRK 281.5 | |||
| Banca Transilvania | 27 April 2011 | Hold | RON 1.68 | |||
| Arctic Paper | 20 April 2011 | Hold | PLN 13 | |||
| CEDC | 20 April 2011 | Hold | USD 13 | |||
| CEZ | 20 April 2011 | Hold | CZK 860 | |||
| Cyfrowy Polsat | 20 April 2011 | Hold | PLN 16.9 | |||
| Kety | 20 April 2011 | Hold | PLN 142 | |||
| Mondi Packaging | 20 April 2011 | Hold | PLN 87 | |||
| TVN | 20 April 2011 | Hold | PLN 18.6 | |||
| Fortuna Entertainment Group | 19 April 2011 | Buy | CZK 130 | |||
| Global City Holdings | 19 April 2011 | Hold | PLN 42 | |||
| Magyar Telekom | 19 April 2011 | Hold | HUF 657 | |||
| PGNiG | 19 April 2011 | Buy | PLN 4.35 | |||
| Telefonica CR | 19 April 2011 | Hold | CZK 414 | |||
| KGHM | 18 April 2011 | Hold | PLN 215 | |||
| PZU | 14 April 2011 | Buy | PLN 420 | |||
| Vienna International Airport | 14 April 2011 | Hold | EUR 46 | |||
| Warsaw Stock Exchange | 14 April 2011 | Hold | PLN 56 | |||
| Bank Handlowy | 13 April 2011 | Hold | PLN 105 | |||
| Bank Millennium | 13 April 2011 | Hold | PLN 6 | |||
| Getin Holding | 13 April 2011 | Hold | PLN 15.6 | |||
| ING Bank Slaski | 13 April 2011 | Hold | PLN 920 | |||
| Komercni banka | 13 April 2011 | Buy | CZK 5000 | |||
| Kredyt Bank | 13 April 2011 | Hold | PLN 17 | |||
| mBank | 13 April 2011 | Hold | PLN 360 | |||
| OTP Bank | 13 April 2011 | Hold | HUF 6700 | |||
| CCC | 12 April 2011 | Hold | PLN 62 | |||
| LPP | 12 April 2011 | Buy | PLN 2450 | |||
| NFI EMPiK Media & Fashion | 12 April 2011 | Hold | PLN 21 | |||
| EGIS | 11 April 2011 | Buy | HUF 23000 | |||
| Gedeon Richter | 11 April 2011 | Buy | HUF 46200 | |||
| Netia | 11 April 2011 | Buy | PLN 6 | |||
| Milkiland | 7 April 2011 | Buy | PLN 50 | |||
| Tauron PE | 7 April 2011 | Hold | PLN 6.4 | |||
| Bogdanka | 6 April 2011 | Buy | PLN 153 | |||
| New World Resources | 6 April 2011 | Hold | CZK 306 | |||
| OMV Petrom S.A. | 5 April 2011 | Buy | RON 0.5 | |||
| Amrest | 29 March 2011 | Hold | PLN 84 | |||
| Astarta | 28 March 2011 | Buy | PLN 113 | |||
| A&D Pharma | 24 March 2011 | Not rated | - | |||
| Krka | 22 March 2011 | Buy | EUR 75.5 | |||
| Tauron PE | 22 March 2011 | Restricted | - | |||
| BRD Groupe Société Générale | 16 March 2011 | Buy | RON 16.65 | |||
| Astarta | 9 March 2011 | Restricted | - | |||
| CEDC | 8 March 2011 | Buy | USD 16 | |||
| Vienna International Airport | 7 March 2011 | Hold | EUR 49 | |||
| T-Hrvatski Telekom | 4 March 2011 | Hold | HRK 304.26 | |||
| Global City Holdings | 3 March 2011 | Buy | PLN 46 | |||
| Polimex | 1 March 2011 | Hold | PLN 3.7 | |||
| Fondul Proprietatea | 25 February 2011 | Buy | RON 0.94 | |||
| SIF Banat Crisana (1) | 21 February 2011 | Buy | RON 1.56 | |||
| SIF Moldova (2) | 21 February 2011 | Buy | RON 1.98 | |||
| SIF Muntenia (4) | 21 February 2011 | Buy | RON 1.07 | |||
| SIF Oltenia (5) | 21 February 2011 | Buy | RON 2.19 | |||
| SIF Transilvania (3) | 21 February 2011 | Buy | RON 0.84 | |||
| BRD Groupe Société Générale | 17 February 2011 | Buy | RON 16.3 | |||
| Emperia Holding | 17 February 2011 | Hold | PLN 120 | |||
| Eurocash | 17 February 2011 | Buy | PLN 35 | |||
| Transelectrica | 17 February 2011 | Hold | RON 21.3 | |||
| Amrest | 14 February 2011 | Sell | PLN 82 | |||
| GTC | 14 February 2011 | Buy | PLN 27 | |||
| OMV Petrom S.A. | 11 February 2011 | Buy | RON 0.43 | |||
| Banca Transilvania | 7 February 2011 | Hold | RON 1.55 | |||
| T-Hrvatski Telekom | 4 February 2011 | Sell | HRK 297.66 | |||
| Fortuna Entertainment Group | 3 February 2011 | Buy | CZK 126 | |||
| Fondul Proprietatea | 26 January 2011 | Buy | RON 0.99 | |||
| EGIS | 25 January 2011 | Buy | HUF 25350 | |||
| Arctic Paper | 24 January 2011 | Hold | PLN 12.8 | |||
| Budimex | 24 January 2011 | Buy | PLN 121 | |||
| Central European Media Enterprises | 24 January 2011 | Hold | USD 22.4 | |||
| Gedeon Richter | 24 January 2011 | Buy | HUF 50360 | |||
| Kety | 24 January 2011 | Hold | PLN 131 | |||
| Magyar Telekom | 24 January 2011 | Hold | HUF 616 |
| Mondi Packaging | 24 January 2011 | Hold | PLN 82 | |||
| PBG | 24 January 2011 | Hold | PLN 215 | |||
| Polimex | 24 January 2011 | Sell | PLN 3.5 | |||
| Pulawy | 24 January 2011 | Buy | PLN 123 | |||
| TVN | 24 January 2011 | Hold | PLN 18.9 | |||
| Bogdanka | 21 January 2011 | Buy | PLN 127 | |||
| Global City Holdings | 21 January 2011 | Hold | PLN 46 | |||
| GTC | 21 January 2011 | Restricted | - | |||
| New World Resources | 21 January 2011 | Hold | CZK 303 | |||
| PZU | 21 January 2011 | Hold | PLN 390 | |||
| CCC | 20 January 2011 | Hold | PLN 65 | |||
| KGHM | 20 January 2011 | Hold | PLN 200 | |||
| LPP | 20 January 2011 | Buy | PLN 2400 | |||
| NFI EMPiK Media & Fashion | 20 January 2011 | Hold | PLN 24 | |||
| Vienna International Airport | 20 January 2011 | Hold | EUR 50 | |||
| Astarta | 14 January 2011 | Buy | PLN 113 | |||
| Kernel Holding | 14 January 2011 | Buy | PLN 99 | |||
| PGNiG | 14 January 2011 | Buy | PLN 4.25 | |||
| CEDC | 13 January 2011 | Buy | USD 32 | |||
| Bank Handlowy | 10 January 2011 | Hold | PLN 100 | |||
| Getin Holding | 10 January 2011 | Buy | PLN 14 | |||
| ING Bank Slaski | 10 January 2011 | Hold | PLN 925 | |||
| Komercni banka | 10 January 2011 | Hold | CZK 5000 | |||
| mBank | 10 January 2011 | Buy | PLN 350 | |||
| OTP Bank | 10 January 2011 | Buy | HUF 6000 | |||
| PKO BP | 10 January 2011 | Hold | PLN 49 |