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WSE: Session Results
Polish equity market enjoyed a strong run on Wednesday amid global rally. The broad market measure, the WIG index, rose by 2.77%. All sectors in the WIG gained, with banking stocks (+5.57%) outperforming.
The large-cap stocks' measure, the WIG30 Index, surged by 3.23%. Oil refiner LOTOS (WSE:LTS) was the sole decliner among the index components. It lost 0.61%. At the same time, all six constituents, belonging to the banking sector, were among the session's best performers with MBANK (WSE: MBK) and BZ WBK (WSE: BZW) outpacing with advances of 7.35% and 6.97%. MBANK's CEO, Cezary Stypulkowski, told the local media that there is no room to pay dividend on 2016 results. BZ WBK announced better-than-expected Q4 earnings. The bank unveiled its net earnings stood at PLN 460.9 mln in Q4, while analysts' had forecast PLN 426.1 mln. Coking coal producer JSW (WSE: JSW), footwear retailer CCC (WSE: CCC) and copper producer KGHM (WSE: KGH) also were among growth leaders, jumping by 7.08%, 4.85% and 4.29% respectively.
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