Polish equity market declined on Friday. The broad market measure, the WIG Index, slumped by 0.87%. Sector-wise, telecoms stocks (-2.46%) lagged behind, while food sector names ( 1.19%) were the strongest group.
The large-cap stocks fell by 1.19%, as measured by the WIG30 Index. In the index basket, banking name MBANK (WSE: MBK) and oil and gas sector name PGNIG (WSE: PGN) led the decliners, tumbling by 4.57% and 4.27% respectively. Other prominent losers were FMCG distributor EUROCASH (WSE: EUR) and telecoms name ORANGE POLSKE (WSE: OPL), plummeting by 3.57% and 3.04% respectively. On the other side of the ledger, coal miner JSW (WSE: JSW) and agricultural producer KERNEL (WSE: KER) were the best-performing names, advancing by 1.84% and 1.81% respectively. They were followed by genco TAURON PE (WSE: TPE) and railway freight operator PKP CARGO (WSE: PKP), which quotations went up by 1.43% and 1.23% respectively.