Polish equity market surged on Monday. The broad market measure, the WIG Index, added 1%. Chemical sector (-0.89%) was sole decliner within the WIG Index, while materials ( 3.74%) outpaced.
The large-cap stocks' measure, the WIG30 Index, advanced by 1.01%. There were only six decliners among the index components. Oil and gas producer PGNIG (WSE: PGN), property developer GTC (WSE: GTC) and chemical producer GRUPA AZOTY (WSE: ATT) became the worst-performing names, falling by 2.12%, 1.34% and 1.26% respectively. Other losers were chemical producer SYNTHOS (WSE: SNS), railway freight transport operator PKP CARGO (WSE: PKP) and bank BZ WBK (WSE: BZW), declining by 0.02%-0.74%. On the other side of the ledger, copper producer KGHM (WSE: KGH) was the strongest advancer, climbing by 3.92% due to rising copper prices. It was followed by videogame developer CD PROJEKT (WSE: CDR), media group CYFROWY POLSAT (WSE: CPS) and FMCG wholesaler EUROCASH (WSE: EUR), surging by 3.77%, 3.57% and 3.41% respectively.