Polish equity surged on Thursday. The broad market measure, the WIG Index, added 2.37%. All sectors in the WIG gained, with materials ( 7.85%) outperforming.
The large-cap stocks' benchmark, the WIG30 Index, grew by 2.79%. There were only three decliners among the index components. Clothing retailer LPP (WSE: LPP) recorded the biggest decline of 0.96%. Other underperformers were IT-company ASSECO POLAND (WSE: ACP) and oil and gas producer PGNIG (WSE: PGN), dropping by 0.53% and 0.2% respectively. On the other side of the ledger, thermal coal miner BOGDANKA (WSE: LWB) topped the list of outperformers, climbing by 13.73% on the back of the announcement the company signed a PLN 760.1 mln contract for the supply of thermal coal in 2016 to ENEA (WSE: ENA). It was followed by coking coal producer JSW (WSE: JSW) and copper producer KGHM (WSE: KGH), jumping by 13.46% and 7.35% respectively on a rebound in prices of industrial metals. Other noticeable risers were gencos ENEA (WSE: ENA), PGE (WSE: PGE), TAURON PE (WSE: TPE) and ENERGA (WSE: ENG), FMCG-wholesaler EUROCASH (WSE: EUR) and oil refiner PKN ORLEN (WSE: PKN), gaining by 4.05%-5.77%.