Polish equity market surged on Friday. The broad market measure, the WIG Index, surged by 1.06%. Sector-wise, oil and gas sector ( 2.835) fared the best, while utilities (-1.52%) tumbled the most.
The large-cap stocks' measure, the WIG30 Index, advanced 1.17%. 2/3 of all index components returned gains, with the way up led by railway freight transport operator PKP CARGO (WSE: PKP), property developer GTC (WSE: GTC) and two banks ALIOR (WSE: ALR) and PKO BP (WSE: PKO), increasing by 3.32%-4.02%. Chemical producer GRUPA AZOTY (WSE: ATT) also produced noticeable gains, up 3.25%, on better-than-expected FY2015 earnings: the company posted FY2015 net profit of PLN 609 mln versus analysts' consensus of PLN 576 mln. On the other side of the ledger, genco PGE (WSE: PGE) and telecommunication services provider ORANGE POLSKA (WSE: OPL) were the biggest decliners, falling by 2.52% and 2.22% respectively.
Beyond the WIG30 Index, ZA PULAWY (WSE: ZAP) and ZCH POLICE (WSE: PCE), both belonging to GRUPA AZOTY (WSE: ATT), climbed by 7.87% and 12.09% respectively on the back of publication of strong financial reports.