Polish equity market fell on Wednesday. The broad market benchmark, the WIG Index, lost 0.50%. Sector- wise, media sector (-2.49%) and oil and gas sector (-1.93%) lagged, while, telecommunication sector ( 0.97%) performed best.
The large-cap stocks plunged by 0.67%, as measured by the WIG30 Index. Within the index components, GRUPA AZOTY (WSE: ATT) and CYFROWY POLSAT (WSE: CPS) fared the worst, plunging by 3.55% and 2.98% respectively. PGE (WSE: PGE) declined by 2.88%, depressed by news that the company would buy loss making Makoszowy coal mine. Other major laggards included LOTOS (WSE: LTS), PKN ORLEN (WSE: PKN) and PKP CARGO (WSE: PKP), slumping 2.26%-2.36%. On the other side of the ledger, PKO BP (WSE: PKO) led a handful of gainers, adding 2.16% after the bank's CEO maintained expectations for results improvement in H2 versus H1.