Polish equity market closed lower on Wednesday. The broad market benchmark, the WIG Index, lost 0.11% on low trading turnover. Sector performance within the WIG Index was mixed. Materials sector ( 0.81%) recorded the biggest increase, while utilities (-1.17%) lagged behind.
The large-cap stocks slid down 0.16%, as measured by the WIG30 Index. Within the index components, banks ING BSK (WSE: ING), BZ WBK (WSE: BZW) and HANDLOWY (WSE: BHW) were the weakest performers, slumping by 3.28%-3.92%, after Poland's financial regulator KNF announced that the cost of a foreign exchange loans conversion bill proposed by President Andrzej Duda is to be known this month. Other major laggards were thermal coal miner BOGDANKA (WSE: LWB), IT-company ASSECO POLAND (WSE: ACP) and genco ENERGA (WSE: ENG), dropping 2.26%, 2.16% and 2.05% respectively. On the other side of the ledger, clothing retailer LPP (WSE: LPP) and gas company PGNIG (WSE: PGN) were the growth leaders, with each adding 1.83%.