Polish equity market plunged on Monday. The broad market measure, the WIG Index, dropped by 1.16%. Except for food sector ( 1.00%) and materials ( 0.89%), every sector in the WIG Index declined, with media segment (-2.00%) lagging behind.
The large-cap WIG30 Index fell by 1.16%. Within the index components, banking sector names MBANK (WSE: MBK) and BZ WBK (WSE: BZW) were the weakest names, tumbling by 3.59% and 3.01% respectively. They were followed by media- and telecom-group CYFROWY POLSAT (WSE: CPS), clothing retailer LPP (WSE: LPP) and genco ENEA (WSE: ENA), declining between 2.23% and 2.52%. On the other side of the ledger, coking coal miner JSW (WSE: JSW) became the best performer, climbing by 7.58%. Other advancers were copper producer KGHM (WSE: KGH), agricultural holding KERNEL (WSE: KER), FMCG wholesaler EUROCASH (WSE: EUR) and gencos ENERGA (WSE: ENG) and TAURON PE (WSE: TPE), adding between 0.09% and 0.81%.