Polish equity market declined on Wednesday. The broad market measure, the WIG Index, slumped by 0.63%. Sector-wise, oil and gas stocks (-3.12%) lagged behind, while technologies names ( 0.59%) were the strongest group.
The large-cap stocks fell by 0.98%, as measured by the WIG30 Index. Oil and gas names PKN ORLEN (WSE: PKN) and LOTOS (WSE: LTS) led the decliners, correcting down 4.37% and 3.63% respectively. BZ WBK (WSE: BZW) plummeted by 3.88%, reversing gains from the previous trading session. On the other side of the ledger, BOGDANKA (WSE: LWB) led the risers, rebounding by 5.69% after closing at an all-time low the previous session. It was followed by SYNTHOS (WSE: SNS), posting gains of 4.09% on speculation the company may cut its CAPEX and increase dividend payments instead of this. Elsewhere, retailers CCC (WSE: CCC) and LPP (WSE: LPP) added 2.87% and 1.77% respectively on reported good sales results for June.