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WSE: Session Results
Polish equity market closed higher on Wednesday. The broad market measure, the WIG index, rose by 0.43%. Sector performance within the WIG Index was mixed. Oil and gas (+2.42%) fared the best, while materials (-2.63%) fell the most.
The large-cap stocks' measure, the WIG30 Index, gained 0.54%. In the index basket, two oil refiners LOTOS (WSE: LTS) and PKN ORLEN (WSE: PKN) were the biggest advancers, climbing by 3.54% and 3.12% respectively. Other noticeable risers were insurer PZU (WSE: PZU), genco ENERGA (WSE: ENG) and footwear retailer CCC (WSE: CCC), which added between 2.23% and 3.07%. On the other side of the ledger, coking coal miner JSW (WSE: JSW) led the decliners, dropping by 4.24%. The media reported that unions at the company demand bonuses, which were put on hold due to company's problems caused by low coal prices. JSW's management opposes unions' demands, as the company has to repay PLN 1.3 bln ($312.73 mln) bonds. Among other biggest decliners were chemical producer GRUPA AZOTY (WSE: ATT) and copper producer KGHM (WSE: KGH), which dropped by 2.44% and 2.31% respectively.
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