Polish equity market closed lower on Thursday. The broad market benchmark, the WIG Index, declined by 0.27%. Sector-wise, telecommunication sector ( 0.24%) was sole gainer within the WIG Index, while materials sector (-2.23%) lagged behind.
The large-cap stocks' measure, the WIG30 Index fell by 0.28%. In the index basket, bank HANDLOWY (WSE: BHW) led the decliners with a 2.93% drop, followed by property developer GTC (WSE: GTC) and videogame developer CD PROJEKT (WSE: CDR), each plunging by 2.75%. On the other side of the ledger, FMCG wholesaler EUROCASH (WSE: EUR) recorded the biggest rise, up 2.37%. Polish Finance Minister informed that Poland had received a letter from the European Commission in which the European Union executive sharply criticized a planned Polish progressive retail tax. Other major gainers were coking coal miner JSW (WSE: JSW), IT-company ASSECO POLAND (WSE: ACP) and banking names BZ WBK (WSE: BZW) and PKO BP (WSE: PKO), which rose between 1.06% and 1.40%.