Market news
19.10.2016, 15:52

WSE: Session Results

Polish equity market closed higher on Wednesday. The broad market measure, the WIG index, added 0.93%. Sector performance within the WIG Index was mixed. Utilities stocks (+5.49%) were the strongest group, while construction sector names (-1.34%) lagged behind.

The large-cap stocks' measure, the WIG30 Index, surged by 1.27%. A majority of the index components rose. All four energy generating sector's names ENEA (WSE: ENA), ENERGA (WSE: ENG), TAURON (WSE: TPE) and PGE (WSE: PGE) delivered solid advances, climbing by 4.28%-10.05%, helped by the announcement the Energy Minister Krzysztof Tchorzewski stated he did not see a need of raising capital in state-run utilities this year to get extra taxes from them. Recall, Poland's government plan, which was announced in September, implied raising capital in utilities by increasing the nominal value of their shares, which triggers the need of paying of flat-rate income tax of 19 percent on the increased nominal value. Thermal coal miner BOGDANKA (WSE: LWB) as well as two retailers LPP (WSE: LPP) and CCC (WSE: CCC) also recorded significant gains, up 4.06%, 6.3% and 3.45% respectively. On the other side of the ledger, IT-company ASSECO POLAND (WSE: ACP) and three banking names ING BSK (WSE: ING), BZ WBK (WSE: BZW) and ALIOR (WSE: ALR) bank were the major laggards, losing 1.37%-2.48%.

© 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.

AML Website Summary

Risk Disclosure

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.

Privacy Policy

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.

Bank
transfers
Feedback
Live Chat E-mail
Up
Choose your language / location