Polish equity market declined on Tuesday. The broad market measure, the WIG Index, slumped by 0.23%. Sector-wise, chemicals names (-1.29%) lagged behind, while materials stocks ( 1.55%) were the strongest group.
The large-cap stocks fell by 0.25%, as measured by the WIG30 Index. In the index basket, retailer CCC (WSE: CCC) led the decliners, tumbling by 6.29% as the company's monthly sales report showed its revenue growth slowed substantially in November compared with October. Other major laggards were two banking names HANDLOWY (WSE: BHW) and ALIOR (WSE: ALR), and two utilities names TAURON PE (WSE: TPE) and ENERGA (WSE: ENG), which plummeted by 2.2%-4.27%. On the other side of the ledger, agri name KERNEL (WSE: KER) became the biggest gainer with a 2.94% advance, followed by FMCG distributor EUROCASH (WSE: EUR) and coal miner BOGDANKA (WSE: LWB), which quotations went up by 1.92% and 1.88% respectively.