Polish equity market closed lower on Wednesday. The broad market measure, the WIG Index, lost 1.37%. Except for utilities ( 1.66%) and construction sector ( 0.36%), every sector in the WIG Index declined, with materials (-3.17%) lagging behind.
The large-cap stocks' measure, the WIG30 Index, fell by 1.25%. Within the index components, FMCG wholesaler EUROCASH (WSE: EUR) recorded the biggest drop, down 4.33%. It was followed by bank HANDLOWY (WSE: BHW), genco TAURON PE (WSE: TPE) and footwear retailer CCC (WSE: CCC), plunging by 3.97%, 3.96% and 3.88% respectively. On the other side of the ledger, gencos ENEA (WSE: ENA), PGE (WSE: PGE) and ENERGA (WSE: ENG) led the gainers, jumping by 2.67%-4.1% after Poland's energy minister said he saw no need to change state-run energy companies' dividend policy in the near term. Other biggest gainers were banks ALIOR (WSE: ALR) and PKO BP (WSE: PKO), advancing 3.45% and 1.38% respectively.