Polish equity market surged on Thursday. The broad market measure, the WIG index, rose by 2.12%. Food sector (-0.19%) was sole decliner within the WIG Index, while materials ( 5.26%) outpaced.
The large-cap stocks' measure, the WIG30 Index, gained 2.64%. Only five index constituents generated losses: videogame developer CD PROJEKT (WSE: CDR), FMCG wholesaler EUROCASH (WSE: EUR), agricultural producer KERNEL (WSE: KER), oil refiner LOTOS (WSE: LTS) and IT-company ASSECO POLAND (WSE: ACP) slipped by 0.12%-0.66%. On the plus side, copper producer KGHM (WSE: KGH) led the gainers with a 5.61% jump, benefiting from copper price rebound. It was followed by bank MBANK (WSE: MBK), which advanced 4.69% after the company reported better-than-expected Q4 FY2015 net profit (it reported a net profit of PLN 309.5 mln, while analysts expected PLN 283 mln). Other noticeable risers were footwear retailer CCC (WSE: CCC) and banks HANDLOWY (WSE: BHW), PKO BP (WSE: PKO), ALIOR (WSE: ALR) and PEKAO (WSE: PEO), adding 3.49%-4.67%.