Polish equity market plunged on Friday. The broad market measure, the WIG Index, declined by 1.29%. From a sector perspective, banking sector (-2.50%) fared the worst, while construction (+0.29%) was the best-performing group.
The large-cap companies' measure, the WIG30 Index, lost 1.62%. Only eight index constituents managed to generate positive returns with genco TAURON PE (WSE: TPE) outperforming with a 0.76% gain. It was followed by oil and gas producer PGNIG (WSE: PGN), which rose by 0.75%. The company announced that its distribution and regasification rates will remain unchanged, as Poland's energy market regulator decided yesterday to extend current tariffs for gas distribution and LNG regasification until the end of 2016. At the same time, the session's biggest loser was bank PEKAO (WSE: PEO), which tumbled by 4.2%. Other major decliners were genco PGE (WSE: PGE) and agricultural producer KERNEL (WSE: KER), which slumped by 3.25% and 3.15% 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.