Polish equity market closed higher on Thursday. The broad market measure, the WIG Index, surged by 0.48%. From a sector perspective, developing sector (-0.47%) fared the worst, while media sector ( 2.01%) was the best-performing group.
The large-cap stocks' measure, the WIG30 Index, grew by 0.89%. In the index basket, footwear retailer CCC (WSE: CCC) recorded the strongest daily performance, soaring by 6.6% on better-than-expected quarterly earnings: the company posted Q4 net profit of PLN 105 mln versus consensus of PLN 92 mln. Other major gainers were chemical producer GRUPA AZOTY (WSE: ATT), media group CYFROWY POLSAT (WSE: CPS), telecommunication services provider ORANGE POLSKA (WSE: OPL) and IT-company ASSECO POLAND (WSE: ACP), which advanced by 2.37%-2.8%. On the other side of the ledger, FMCG-wholesaler EUROCASH (WSE: EUR) was weakest performer, tumbling by 6.13% as the company's Q4 FY2015 earnings of PLN 97 mln were weaker than the analysts' estimates of PLN 103 mln. It was followed by bank BZ WBK (WSE: BZW) and thermal coal miner BOGDANKA (WSE: LWB), which lost 3.54% and 2.58% respectively.