TeleTrade - Analytics

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Polish equity market declined on Tuesday. The broad market benchmark - the WIG index went down by 1.01%. Most of the sectors recorded losses, with materials (-2.20%), utilities (-1.81%) and telecommunications (-1.58%) lagging behind. At the same time, chemicals sector ( 0.73%) appeared to be the strongest group.

The large-cap stock universe's measure - the WIG30 index posted a 1.27% drop. CCC (WSE: CCC) led the decliners, losing 7.47% on the announcement the company's major shareholder agreed to sell a 7.8-percent stake in the company at PLN 170 per share, representing a discount of 8.6% to the Monday market value. BZ WBK (WSE: BZW) and GTC (WSE: GTC) corrected down by 3.95% and 3.25% respectively after yesterday's growth. Besides, LPP (WSE: LPP) extended its losses by 3.49% despite releasing positive outlook for the second half of 2015. On the contrary, ALIOR (WSE: ALR) was the biggest advancer, posting a 2.24% growth. It was followed by GRUPA AZOTY (WSE: ATT), TVN (WSE: TVN) and ENERGA (WSE: ENG), gaining 1.49%, 1.36% and 1.05% respectively.



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