Polish equity market was modestly lower on Tuesday, with the broad market measure, the WIG index, sliding 0.16%. Sector-wise, chemicals (-1.61%) and oil & gas sector names (-1.22%) tumbled the most, while materials ( 1.30%) fared the best.
Large-cap stocks lost 0.36% as measured by the WIG30 Index. PGNIG (WSE: PGN) was the biggest loser in the group, declining 3.74% on expected further cuts in gas price by Poland's energy market regulator. It was followed by yesterday's best performer GRUPA AZOTY (WSE: ATT), retreating 3.31%. GTC (WSE: GTC), MBANK (WSE: MBK), ENERGA (WSE: ENG) and BZWBK (WSE: BZW) also recorded notable losses, ranging between 2% and 2.5%. On the contrary, HANDLOWY (WSE: BHW) became the growth leader, advancing 2.12%. Other major gainers included JSW (WSE: JSW), KGHM (WSE: KGH) and ING BSK (WSE: ING), adding 1.83%, 1.45% and 1.08% respectively.