TeleTrade - Analytics

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    Polish equity market was modestly lower on Wednesday, with the broad market measure - the WIG index losing 0.10%. At the same time, the large liquid companies' indicator - the WIG30 index ended today's session unchanged.

    Despite reported good first-quarter earnings report, GRUPA AZOTY (WSE: ATT) fared the worst among the WIG30 index components, decreasing 6.62%. The quotations of PKO BP (WSE: PKO) also fell sharply (-5.16%), weighted down by reported 19% YoY reduction in its bottom-line in 1Q15. On the plus side, LPP (WSE: LPP) became the strongest performer, climbing up 6.80% on the MSCI's decision to increase the stock weight in the MSCI Poland index. It was followed by JSW (WSE: JSW), which gained 6.54% as the company's quarterly results revealed its EBITDA reverted to positive territory in 1Q15.

    The performance of the WIG sub-sector indices was mixed. The benchmark for the basic material producers - the WIG-SUROWC ( 2.30%) index was the strongest performer, while the measure for the chemical industry stocks - the WIG-CHEMIA (-3.77%) index was the laggard.


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