Market news
25.08.2016, 15:40

WSE: Session Results

Polish equity market closed flat on Thursday. The broad market measure, the WIG Index, inched down 0.03%. Sector performance in the WIG index was mixed. Information technology (+1.60%) outperformed, while materials (-2.96%) lagged behind.

The large-cap stocks lost 0.18%, as measured by the WIG30 Index. Within the index components, copper producer KGHM (WSE: KGH) and coking coal miner JSW (WSE: JSW) recorded the largest declines, tumbling by a respective 3.14% and 2.57%. They were followed by three gencos ENERGA (WSE: ENG), PGE (WSE: PGE) and ENEA (WSE: ENA), losing between 1.36% and 1.72%. At the same time, videogame developer CD PROJEKT (WSE: CDR) and footwear retailer CCC (WSE: CCC) were among growth leaders, climbing by 4.62% and 1.63% respectively, helped by better-than-expected Q2 earnings results. The former reported net income of PLN 102.1 mln (-57.7% y/y) versus analysts' consensus estimate of PLN 77.2 mln, while the latter posted net profit of PLN 131.6 mln (+25% y/y) versus analysts' consensus estimate of PLN 100.9 mln. Other noticeable gainers were railway freight transport operator PKP CARGO (WSE: PKP), IT-company ASSECO POLAND (WSE: ACP) and two banks ING BSK (WSE: ING) and PEKAO (WSE: PEO), which added between 0.84% and 2.87%.

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