Polish equity market closed lower on Friday. The broad market measure, the WIG Index, fell by 0.83%. Sector-wise, chemicals (-1.67%) fared the worst, while media sector ( 1.24%) was the best-performer.
The large-cap stocks' measure, the WIG30 Index, dropped by 0.79%. Within the WIG30 Index components, clothing retailer LPP (WSE: LPP) recorded the biggest decline, down 5.45%, after reporting worse-than-expected bottom line result for Q4 FY2015 (the company posted net profit of PLN 170 mln, whereas the analysts forecasted PLN 194 mln). Other major laggards were genco ENERGA (WSE: ENG), chemical producer GRUPA AZOTY (WSE: ATT) and two banking names ING BSK (WSE: ING) and MBANK (WSE: MBK), which quotations slid down 3.03%-3.96%. On the other side of the ledger, media- and telecom-group CYFROWY POLSAT (WSE: CPS) led a handful of gainers with a 1.39% advance, followed by oil refiner PKN ORLEN (WSE: PKN), adding 1.32%.