Polish equities declined on Friday. The broad market benchmark, the WIG Index, lost 1.05%. Most sectors fell, with oil and gas sector stocks (-2.29%) posting the sharpest drop.
The large-cap stocks plunged by 1.26%, as measured by the WIG30 Index. Within the index components, CCC (WSE: CCC) and PGNIG (WSE: PGN) were the biggest laggards, plunging by 7.14% and 6.56% respectively after publishing quarterly reports. The former reported Q3 net income of PLN 33.8 mln, beating consensus of PLN 31.1 mln.; the company, however, lowered its full year 2015 expectations. The latter posted Q3 profit of PLN 291 mln versus consensus of PLN 512.7 mln. All banking sector names, but for PKO BP (WSE: PKO; 0.32%) also suffered steep losses, tumbling by 1.09%-4.84% as stronger USD is seen unfavorable for them. At the same time, BOGDANKA (WSE: LWB) and PKP CARGO (WSE: PKP) led a handful of gainers, advancing by 2.58% and 2.11% respectively.