Polish equity market closed lower on Wednesday. The broad market measure, the WIG Index, slid down 0.87%. Except for construction sector ( 0.99%) and food sector ( 0.35%), every sector in the WIG Index fell, with telecommunication sector (-2.13%) lagging behind.
The large-cap stocks' measure, the WIG30 Index lost 1.2%. A majority of the index components recorded declines. Thermal coal miner BOGDANKA (WSE: LWB) was the weakest name, retreating by 9.5% after two consecutive sessions of solid gains. Among the other biggest losers were coking coal miner JSW (WSE: JSW), bank PKO BP (WSE: PKO), genco TAURON PE (WSE: TPE) and insurer PZU (WSE: PZU), plunging by 2.44%-2.89%. On the other side of the ledger, bank ING BSK (WSE: ING) led a handful of gainers with a 3.49% advance. It was followed by railway freight transport operator PKP CARGO (WSE: PKP) and agricultural producer KERNEL (WSE: KER), surging by 0.86% and 0.72% respectively.