TeleTrade - Analytics

TeleTrade

518.25 6.75/10
57% of positive reviews
Real

10.11.2015 17:21 WSE: Session Results

Polish equity market closed higher on Tuesday. The broad market measure, the WIG Index, rose by 0.22%. Sector-wise, utilities ( 3.57%) performed best, while materials (-2.45%) lagged behind.

The large-cap stocks' measure, the WIG30 Index, added 0.44%. Within the indicator's components, ENERGA (WSE: ENG) was the biggest advancer, jumping by 5.45%. EUROCASH (WSE: EUR) and PGE (WSE; PGE) also produced noticeable gains, up 4.64% and 4.45% respectively, supported by better-than-expected Q3 profits. The former reported Q3 net income of PLN 70.1 mln versus consensus of PLN 67.6 mln, while the latter posted Q3 profit of PLN 1029 mln versus consensus of PLN 1008 mln. Other major gainers were GRUPA AZOTY (WSE: ATT), ENEA (WSE: ENA) and LOTOS (WSE: LTS), surging by 3.49%, 2.88% and 2.87% respectively. On the other side of the ledger, CCC (WSE: CCC) and KGHM (WSE: KGH) were the worst-performing names, tumbling by 2.82% and 2.78% respectively. They were followed by PZU (WSE: PZU), slumping 2.33% as the company reported Q3 profit of PLN 510.9 mln (-39% y/y), whereas the analysts expected PLN 525.9 mln.

On 11 November Poland celebrates the National Independence Day. The Warsaw Stock Exchange will be closed for trading.



To leave a comment you must be or register

By visiting our website and services, you agree to the conditions of use of cookies. Learn more I agree