Polish equity market closed lower on Wednesday. The broad market measure, the WIG Index, dropped by 0.34%. Sector performance within the WIG Index was mixed. Construction sector ( 2.81%) was the strongest group, while oil and gas sector (-2.56%) lagged behind.
The large-cap benchmark, the WIG30 Index, fell by 0.5%. In the index basket, bank ING BSK (WSE: ING) recorded the biggest drop, down 5.34%. It was followed by oil refiner PKN ORLEN (WSE: PKN), oil and gas producer PGNIG (WSE: PGN) and thermal coal miner BOGDANKA (WSE: LWB), declining by 2.79%, 2.73% and 2.36% respectively. On the other side of the ledger, genco ENEA (WSE: ENA) was the strongest performer, advancing 3.8%. Other major gainers were media- and telecom-group CYFROWY POLSAT (WSE: CPS), FMCG wholesaler EUROCASH (WSE: EUR), insurer PZU (WSE: PZU) and railway freight transport operator PKP CARGO (WSE: PKP), adding between 1.22% and 1.85%.