Polish equities were lower on Tuesday, with the broad-market measure, the WIG index, losing 1.91%. Sector performance was mainly negative as nine sectors declined. Materials names sank 4.87%. Telecommunication sector stocks and banking names also underperformed, dropping 3.41% and 3.27% respectively. On the contrary, food producers stocks and oil and gas sector names were strong, returning advances of 0.98% and 0.56% respectively.
The large-cap stocks' measure, the WIG30 Index, slid down 2.26%. Within the WIG30 Index components, coal miners JSW (WSE: JSW) and BOGDANKA (WSE: LWB) suffered the steepest declines, plunging 6.64% and 5.55% respectively. CYFROWY POLSAT (WSE: CPS), BZ WBK (WSE: BZW), GTC (WSE: GTC) and KGHM (WSE: KGH) posted less significant losses, sliding down in the range between 4.59% and 5.15%. Only four names managed to post positive returns, with PGNIG (WSE: PGN) outperforming with 2.74% growth. Other gainers were KERNEL (WSE: KER), LOTOS (WSE: LTS) and BORYSZEW (WSE: BRS), adding 1.31%, 0.73% and 0.18% respectively.