The Polish equity market finished lower Tuesday. The broad-market measure, the WIG Index, dropped by 0.50%. Sector performance in the WIG Index was mixed. Oil and gas sector (-3.22%) fared the worst, while materials ( 0.91%) recorded the biggest gains.
The large-cap stocks' benchmark, the WIG30 Index, fell by 0.43%. Within the index components, PKN ORLEN (WSE: PKN) declined the most, down 3.81%, as the company's announcement about acquisition of two North American companies with significant oil reserves (Canada's Kicking Horse Energy and U.S. FX Energy) followed a decline in oil prices, which was triggered by OPEC's report. Other major laggards included JSW (WSE: JSW), LOTOS (WSE: LTS) and PGNIG (WSE: PGN), which slump by 2.5%-2.99%. On the other side of the ledger, ENEA (WSE: ENA) topped the list of outperformers with a 3.06% increase. It was followed by ENERGA (WSE: ENG), LPP (WSE: LPP) and EUROCASH (WSE: EUR), which gained 2.52%-2.81%.