Polish equity market closed higher on Wednesday. The broad measure, the WIG index, added 0.76%. Sector-wise, mining stocks (+2.56%) outperformed, while food names (-1%) recorded the worst result.
The large-cap benchmark, the WIG30 Index, surged by 0.96%. Within the index components, coking coal miner JSW (WSE: JSW) led the advancers, climbing by 4.06%. It was followed by genco ENEA (WSE: ENA), oil refiner LOTOS (WSE: LTS), copper producer KGHM (WSE: KGH) and two banking names MBANK (WSE: MBK) and BZ WBK (WSE: BZW), which gained between 2.3% and 3.44%. On the other side of the ledger, bank ING BSK (WSE: ING) was the weakest performer, tumbling by 1.81%. Other largest decliners were FMCG-wholesaler EUROCASH (WSE: EUR), agricultural producer KERNEL (WSE: KER), telecommunication services provider ORANGE POLSKA (WSE: OPL) and footwear retailer CCC (WSE: CCC), dropping by 1.38%-1.75%. It should be noted that CCC stock fell despite the company reported its revenue boosted by 15.4% y/y to PLN 201 mln in January 2017.
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