Polish equity market closed higher on Thursday. The broad market measure, the WIG Index, surged by 0.48%. From a sector perspective, developing sector (-0.47%) fared the worst, while media sector (+2.01%) was the best-performing group.
The large-cap stocks' measure, the WIG30 Index, grew by 0.89%. In the index basket, footwear retailer CCC (WSE: CCC) recorded the strongest daily performance, soaring by 6.6% on better-than-expected quarterly earnings: the company posted Q4 net profit of PLN 105 mln versus consensus of PLN 92 mln. Other major gainers were chemical producer GRUPA AZOTY (WSE: ATT), media group CYFROWY POLSAT (WSE: CPS), telecommunication services provider ORANGE POLSKA (WSE: OPL) and IT-company ASSECO POLAND (WSE: ACP), which advanced by 2.37%-2.8%. On the other side of the ledger, FMCG-wholesaler EUROCASH (WSE: EUR) was weakest performer, tumbling by 6.13% as the company's Q4 FY2015 earnings of PLN 97 mln were weaker than the analysts' estimates of PLN 103 mln. It was followed by bank BZ WBK (WSE: BZW) and thermal coal miner BOGDANKA (WSE: LWB), which lost 3.54% and 2.58% respectively.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.