Polish equity market continued to slump on Tuesday. The broad market measure, the WIG Index, fell by 1.42%. Only two sectors in the WIG Index rose and nine fell. Food sector stocks ( 1.24%) and oil and gas sector names ( 0.09%) returned gains. At the same time, utilities stocks (-4.11%) and banking sector names (-2.48%) fared the worst.
In the large-cap stock universe, most of the names posted losses, pushing the group measure, the WIG30 Index, down 1.81%. Utilities names ENERGA (WSE: ENG), ENEA (WSE: ENA), PGE (WSE: PGE) and TAURON PE (WSE: TPE) recorded the biggest declines, slumping 4.14%-5.53%. They were followed by banks PKO BP (WSE: PKO) and MBANK (WSE: MBK), tumbling by 3.23% and 2.94% respectively. On the contrary, agricultural producer KERNEL (WSE: KER) performed best, advancing by 3.37%. Oil and gas names LOTOS (WSE: LTS) and PKN ORLEN (WSE: PKN) did well too, gaining 1.23% and 0.65% respectively.