Polish equity market closed lower on Friday. The broad market measure, the WIG Index, fell by 1.04%. All sectors in the WIG retreated, with oil and gas sector (-2.08%) lagging behind.
The large-cap stocks' measure, the WIG30 Index, dropped by 1.21%. Within the WIG30 Index components, footwear retailer CCC (WSE: CCC) recorded the biggest decline, slumping by 5.48% as the company's monthly report showed its sales growth in March was weaker compared to the previous month. Other major laggards were oil and gas company PGNIG (WSE: PGN), chemical producer GRUPA AZOTY (WSE: ATT) and coking coal miner JSW (WSE: JSW), losing 3.2%, 3.17% and 2.97% respectively. On the other side of the ledger, bank ALIOR (WSE: ALR) led the gainers, advancing 5.51% on news the bank agreed to buy core business of Bank BPH in Poland from GE Capital for PLN 1.225 bln ($329 mln). It was followed by gencos TAURON PE (WSE: TPE) and ENERGA (WSE: ENG), adding 1% and 0.84% respectively.