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WSE: Session Results
Polish equity market closed higher on Monday. The broad market measure, the WIG index, added 0.67%. Sector-wise, media (+1.40%) fared the best, while telecoms (-0.77%) fell the most.
The large-cap benchmark, the WIG30 Index, surged by 0.92%. Within the index components, clothing retailer LPP (WSE: LPP) led the gainers, skyrocketing by 14.12%, supported by the announcement the company's revenues boosted by 20% y/y to appr. PLN 457 mln in September, while its gross margin in the period edged up by 1 ppt y/y to 59%. YTD, LPP's sales increased by 17% y/y to PLN 4.16 bln. Other major advancers were railway freight transport operator PKP CARGO (WSE: PKP), footwear retailer CCC (WSE: CCC) and two banks PEKAO (WSE: PEO) and BZ WBK (WSE: BZW), climbing 9.21%, 3.47%, 2.83% and 2.59% respectively. On the other side of the ledger, IT-company ASSECO POLAND (WSE: ACP) topped the list of the decliners with a 2.17% drop, followed by two gencos TAURON PE (WSE: TPE) and ENERGA (WSE: ENG), falling by 1.92% and 1.33% respectively.
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