Polish equity market closed lower on Wednesday. The broad market measure, the WIG Index, fell by 0.72%. Sector-wise, materials (-1.94%) fared the worst, while telecommunication sector ( 3.22%) was the best-performer.
The large-cap stocks' measure, the WIG30 Index, dropped by 0.76%. Within the WIG30 Index components, TAURON PE (WSE: TPE) recorded the biggest decline, down 4.47%, on news that State Treasury dismissed three supervisory board members. It was followed by ENERGA (WSE: ENG), which quotations slid down 3.16% following worse-than-expected bottom line result for 2Q15. Other major laggards were ASSECO POLAND (WSE: ACP), BOGDANKA (WSE: LWB), PKN ORLEN and KGHM (WSE: KGH), losing 1.94%-2.58%. On the contrary, ORANGE POLSKA (WSE: OPL) and GTC (WSE: GTC) became the biggest advancers, adding 4.53% and 3.84% respectively.