Polish equity market closed lower on Tuesday. The broad market measure, the WIG Index, slid down 0.34%. Except for banking sector ( 0.79%) and media sector ( 1.61%), every sector in the WIG Index declined, with materials (-4.92%) lagging behind.
The large-cap stocks' measure, the WIG30 Index lost 0.2%. Within the Index components, coking coal miner JSW (WSE: JSW) was the weakest name, retreating by 7.58% after two consecutive sessions of solid gains. Other major decliners were copper producer KGHM (WSE: KGH), genco PGE (WSE: PGE) and chemical company GRUPA AZOTY (WSE: ATT), plunging by 4.98%, 2.07% and 1.86% respectively. On the other side of the ledger, oil and gas producer PGNIG (WSE: PGN) led the advancers pack with a 2.81% surge. It was followed by banking sector name PEKAO (WSE: PEO), which climbed by 2.62% after the bank reported better-than-expected Q4 FY2015 net profit (it posted a net profit of PLN 438.4 mln versus analysts' forecast of PLN 380.5 mln).