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WSE: Session Results
Polish equity market bounced back on Wednesday after five days of losses. The broad market measure, the WIG Index, surged 1.52%. 6 out of 11 sectors in the WIG Index rose, led by media stocks, which climbed 4.20%. On the contrary, construction companies and developers were the sharpest decliners, losing 1.14%.
Large-cap stocks were mostly positive. As measured by the WIG30 Index, this group of companies rose by 1.86%. TVN (WSE: TVN) led advances, soaring 8.4 % on news the company's new owner, U.S. media group Scripps Networks Interactive, intends to make a tender offer for all shares of its Polish broadcaster. KGHM (WSE: KGH) and PGE (WSE: PGE) also demonstrated notable increases, gaining almost 5% each, supported by rising prices for raw materials. On the other side of the ledger, GTC (WSE: GTC) was the biggest laggard, dropping 2.52%. It was followed by BOGDANKA (WSE: LWB), which slumped 2.31% on lowered 2015 output forecast and the management's request to put a dividend pay-out on hold.
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