Polish equity market continued to decline on Monday. The broad market measure, the WIG index, lost 0.48%. From a sector perspective, materials (-5.07%) fared the worst, while informational technology sector ( 1.84%) was the best-performing group.
The large-cap stocks' measure, the WIG30 Index, fell by 0.47%. The weakest performers among the index components were BORYSZEW (WSE: BRS), KGHM (WSE: KGH), SYNTHOS (WSE: SNS), CCC (WSE: CCC) and ORANGE POLSKA (WSE: OPL), which produced losses between 3.94% and 5.62%. On the other side of the ledger, ASSECO POLAND (WSE:ACP) recorded the strongest daily performance, soaring by 3.64% on better-than-expected quarterly results: the company posted Q3 revenue of PLN 1755 mln versus consensus of PLN 1685 mln and net profit of PLN 101.6 mln versus consensus of PLN 86.5 mln. GTC (WSE: GTC) emerged as the second best-performing stock in the WIG30 adding 3.32%. It was followed by oil and gas sector names PKN ORLEN (WSE: PKN) and LOTOS (WSE: LTS), climbing by 2.74% and 2.55% respectively, as retreating oil prices are seen to be beneficial for the companies' downstream segments.