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WSE: Session Results
Polish equity market closed higher on Monday. The broad market measure, the WIG index, advanced by 0.17%. Sector performance within the WIG Index was mixed. Utilities (+1.35%) outperformed, while materials (-2.04%) lagged behind.
The large-cap stocks' measure, the WIG30 Index, inched up 0.09%. In the index basket, railway freight transport operator PKP CARGO (WSE: PKP) and videogame developer CD PROJEKT (WSE: CDR) generated the biggest advances, soaring by 4.55% and 4.21% respectively. Other major gainers were oil refiner PKN ORLEN (WSE: PKN), two gencos ENEA (WSE: ENA) and PGE (WSE: PGE) as well as two banking sector names ING BSK (WSE: ING) and ALIOR (WSE: ALR), adding between 1.11% and 2.02%. On the other side of the ledger, copper producer KGHM (WSE: KGH) led the decliners, dropping by 2.34% on news Poland's 2017 draft budget envisages that mining tax, paid almost solely by the state-controlled KGHM, will stay in place next year. It was followed by oil and gas producer PGNIG (WSE: PGN), footwear retailer CCC (WSE: CCC) and insurer PZU (WSE: PZU), sliding by 2.19%, 1.55% and 1.47% respectively.
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