Polish equity market surged on Monday. The broad market measure, the WIG index, grew by 1.2%. Sector-wise, IT-sector (-0.21%) tumbled the most, while materials ( 3.22%) fared the best.
The large-cap stocks' benchmark, the WIG30 Index, advanced 1.31%. In the index basket, banking sector name ING BSK (WSE: ING) led the advancers, climbing by 7.13%. Other major gainers were oil and gas producer PGNIG (WSE: PGN), copper producer KGHM (WSE: KGH), genco TAURON PE (WSE: TPE) and agricultural producer KERNEL (WSE: KER), adding between 3.22% and 4.51%. On the other side of the ledger, FMCG wholesaler EUROCASH (WSE: EUR) was the weakest name, retreating by 5.98% after hitting a near two-year high in the previous week. It was followed by property developer GTC (WSE: GTC), railway freight transport operator PKP CARGO (WSE: PKP) and IT-company ASSECO POLAND (WSE: ACP), slumping by 1.2%, 1.19% and 1.09% respectively.