Polish equity market plunged on Monday. The broad market measure, the WIG index, fell by 1.69%. All sectors, but for media sector ( 0.65%) posted negative daily returns. Utilities sector (-4.35%) and materials sector (-3.91%) fared the worst.
The large-cap stocks' measure, the WIG30 Index, declined by 1.85%. Only four index constituents generated positive returns. Retailer CCC (WSE: CCC) was the biggest gainer, advancing 2.38%. It was followed by CYFROWY POLSAT (WSE: CPS), EUROCASH (WSE: EUR) and ASSECO POLAND (WSE: ACP), adding 0.17%-0.97%. On the other side of the ledger, banking sector name MBANK (WSE: MBK) was the weakest performer, slumping by 5.84%. Other major decliners were utilities names ENERGA (WSE: ENG), PGE (WSE: PGE) and TAURON PE (WSE: TPE), dropping by 5.36%, 5.32% and 3.99% respectively. Elsewhere, copper producer KGHM (WSE: KGH) tumbled by 4.16% as copper prices slumped to a fresh six-and-a-half year low.