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WSE: Session Results
Polish equities closed lower on Wednesday. The broad market benchmark, the WIG Index, lost 0.22%. Sector-wise, materials (-3.45%) recorded the biggest losses, while media sector (+1.35%) outpaced.
The large-cap stocks plunged by 0.27%, as measured by the WIG30 Index. Within the index components, coking coal producer JSW (WSE: JSW) suffered the steepest decline, tumbling by 13.08%, after Poland's energy minister Krzysztof Tchorzewski stated the company might need to run a rights issue to secure enough capital to survive. According to Mr. Tchorzewski, JSW has larger needs than PLN 1 bln ($257 mln) flagged earlier. Other major decliners were railway freight transport operator PKP CARGO (WSE: PKP) and genco ENERGA (WSE: ENG), dropping by 5.26% and 4.93% respectively. On the other side of the ledger, oil refiner LOTOS (WSE: LTS), videogame developer CD PROJEKT (WSE: CDR) and insurer PZU (WSE; PZU) were the best-performing names, advancing by 2.76%, 2.5% and 2.34% respectively.
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