Polish equity market closed lower on Monday. The broad market measure, the WIG Index, lost 1.21%. Except for oil & gas sector ( 0.51%) and food sector ( 0.18%), every sector in the WIG Index declined, with materials (-3.13%) lagging behind.
The large-cap stocks' measure, the WIG30 Index, fell by 1.17%. The decliners were led by coking coal producer JSW (WSE: JSW), which tumbled by 9.61%. Other biggest laggards included property developer GTC (WSE: GTC), railway freight transport operator PKP CARGO (WSE: PKP) and banks PKO BP (WSE: PKO) and ALIOR (WSE: ALR), which plunged by 3.83%-5.57%. On the other side of the ledger, chemical producer SYNTHOS (WSE: SNS) recorded the strongest daily result, climbing 2.79%. It was followed by oil refiner PKN ORLEN (WSE: PKN), which gained 2.28% on the back of the news that Poland is analyzing merging the company with other two state-run oil & gas sector companies LOTOS (WSE: LTS; -0.11%) and PGNIG (WSE: PGN; -3.58%).