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WSE: Session Results
Polish equity market closed lower on Friday. The broad measure, the WIG index, recorded a 0.9% drop. Except for information technology (+1.21%) and oil and gas (+0.82%), every sector in the WIG Index declined, with telecommunication services (-1.64%) lagging behind.
The large-cap stocks fell by 1.14%, as measured by the WIG30 Index. In the index basket, FMCG-wholesaler EUROCASH (WSE: EUR) demonstrated the sharpest decline, tumbling by 9.92% on lower-than-expected Q2 earnings. The company posted Q2 FY16 net profit of PLN 52.5 mln versus analysts' consensus estimate of PLN 61 mln. The other notable losers were thermal coal miner BOGDANKA (WSE: LWB), bank MILLENNIUM (WSE: MIL), chemical producer GRUPA AZOTY (WSE: ATT) and footwear retailer CCC (WSE: CCC), which plunged by 2.8%-2.93%. On the other side of the ledger, coking coal miner JSW (WSE: JSW) led the gainer, rebounding by 5.45% after yesterday's drop. It was followed by railway freight transport operator PKP CARGO (WSE: PKP), oil and gas producer PGNIG (WSE: PGN) and videogame developer CD PROJEKT (WSE: CDR), adding 1.09%-2.52%.
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