Polish equity market closed higher on Friday. The broad market measure, the WIG Index, added 0.25%. Sector-wise, materials stocks ( 2.53%) fared the best, while oil and gas sector names (-1.21%) tumbled the most.
The large-cap stocks' measure, the WIG30 Index, rose by 0.27%. Within the index components, coking coal producer JSW (WSE: JSW) led the gainers, jumping by 9.98% after the EU executive announced provisional anti-dumping duties on cold-rolled flat steel from China and Russia. The action is expected to support steel prices' recovery at the European market. JSW's coking coal is used in steel production. Other major advancers were copper producer KGHM (WSE: KGH) and banking sector names MBANK (WSE: MBK), PKO BP (WSE: PKO) and ING BSK (WSE: ING), surging by 2.07%-3.8%. On the other side of the ledger, the session's biggest decliners were oil refiner LOTOS (WSE: LTS), chemical producer GRUPA AZOTY (WSE: ATT) and oil and gas producer PGNIG (WSE: PGN), falling by 3.29%, 2.63% and 2.59% respectively.