Polish equity market closed lower on Wednesday. The broad measure, the WIG index, lost 0.27%. Sector performance within the WIG Index was mixed. Oil and gas sector ( 1.75%) was best performer, while utilities (-1.61%) recorded the worst result.
The large-cap benchmark, the WIG30 Index, fell by 0.25%. Within the index components, TAURON PE (WSE: TPE) was the worst-performing name, tumbling by 2.76% on news that Poland plans a share swap with the company to help finance its investment plans, including investments in the coal mining sector. The other notable losers were LPP (WSE: LPP) and ENEA (WSE: ENA), plunging 2.26% and 2.1% respectively. On the other side of the ledger, oil and gas sector names led the advancers, with LOTOS (WSE: LTS), PGNIG (WSE: PGN) and PKN ORLEN (WSE: PKN) rebounding by 1.5%-3.74% after yesterday's sharp declines. EUROCASH (WSE: EUR) also was among outperformers, gaining 2.17%.