Polish equity market closed higher on Thursday. The broad market measure, the WIG index, advanced 1.42%. Sector performance in the WIG Index was mixed. Banking stocks (+3.16%) recorded the biggest gain, supported by the Polish parliament speaker's statement that it was unlikely that the FX loan conversion bill would be passed before the October election. At the same time, food sector (-0.78%) fared the worst.
The large-cap stocks' measure, the WIG30 Index, surged by 1.84%. In the index basket, banking names BZ WBK (WSE: BZW), PEKAO (WSE: PEO), HANDLOWY (WSE: BHW), PKO BP (WSE: PKO) and MBANK (WSE: MBK) generated the biggest gains, soaring by 2.96-4.36%. ENEA (WSE: ENA) also was among top performers, adding 3.8%. On the other side of the ledger, ENERGA (WSE: ENG) led the decliners with a 1.97% drop, followed by KERNEL (WSE: KER) and BOGDANKA (WSE: LWB), sliding a respective 1.85% and 1.37%.
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