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WSE: Session Results
Polish equity market collapsed on Tuesday. The broad market measure, the WIG Index, fell 1.94%. Almost all sectors in the WIG generated negative returns. The exception were food industry (+1.98%), construction sector (+0.33%) and telecoms (+0.08%). At the same time, materials (-6.38%) and utilities (-4.60%) were the weakest.
The large-cap stocks' measure, the WIG30 Index, plunged by 2.55%. There were only four gainers among the index components. Agricultural name KERNEL (WSE: KER) posted the strongest advance, up 5%, rebounding after a 9% loss a day earlier. Other outperformers, namely ING BSK (WSE: ING), ORANGE POLSKA (WSE: OPL) and EUROCASH (WSE: EUR), added less than 0.25%. On the other side of the ledger, thermal coal miner BOGDANKA (WSE: LWB) was the biggest decliner, tumbling by 8.9% on concerns over cuts in coal prices in the company's contracts with its largest clients. Coking coal miner JSW (WSE: JSW) and copper producer KGHM (WSE: KGH) were also beaten down heavily, recording declines of 8.34% and 6.1% respectively, dragged down by commodities slump. Besides, utilities names TAURON PE (WSE: TPE), PGE (WSE: PGE) and ENERGA (WSE: ENG) continued to extend losses, dropping by 4.76%-7.78%.
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