Polish equity market closed lower on Monday with the broad market measure, the WIG Index, losing 0.57 %. From a sector perspective, materials fared the worst, sliding 3.46%. The best-performing sector was chemicals, rising 1.83%.
Large-cap stocks' measure, the WIG30 Index, went down by 0.48%. Almost 2/3 of the 30 companies in the index basket retreated, and coal producers BOGDANKA (WSE: LWB) and JSW (WSE: JSW) performed particularly poorly, falling 6.86% and 6.07% respectively, dragged down by low coal prices on the local market. KGHM (WSE: KGH) was also weak, declining 2.74% on lower copper prices. It was followed by CYFROWY POLSAT (WSE: CPS) and TAURON PE (WSE: TPE), losing nearly 2% each. On the contrary, GRUPA AZOTY (WSE: ATT) and ASSECO POLAND (WSE: ACP) became the biggest advancers, adding above 2.6% each. Other strong stocks included SYNTHOS (WSE: SNS), MBANK (WSE: MBK) and PGNIG (WSE: PGN) gaining 2.09%, 1.38% and 1.05% respectively.