Polish equity market continued to slide on Monday. The broad market measure, the WIG Index, lost 0.23%. Sector-wise, materials ( 6.47 %) fared the best, while food sector names (-2.80%) lagged behind.
The large-cap stocks fell by 0.1%. Within the index components, KERNEL (WSE: KER) recorded the biggest drop, down 4.89%. It was followed by banking names HANDLOWY (WSE: BHW) and ING BSK (WSE: ING), plunging by 3.95% and 2.86% respectively. On the other side of the ledger, KGHM (WSE: KGH) became the session's best performer, as its quotations skyrocketed by 8.05%, buoyed by announcement the opposition Law and Justice Party motioned to abolish a mining tax for cooper and silver producers. PGNIG (WSE: PGN), BORYSZEW (WSE: BRS), TAURON PE (WSE: TPE), CYFROWY POLSAT (WSE: CPS) and MBANK (WSE: MBK) did well too, posting 1%-2% gains.