Polish equity market plunged on Tuesday. The broad market measure, the WIG Index, declined by 2.1%. Sector-wise, developing sector ( 0.67%) was sole gainer within the WIG Index, while materials (-3.90%) lagged behind.
The large-cap companies' measure, the WIG30 Index, lost 2.45%. Only two index constituents managed to generate positive returns: property developer GTC (WSE: GTC) gained 0.71%, while thermal coal miner BOGDANKA (WSE: LWB) added 0.13%. At the same time, copper producer KGHM (WSE: KGH) suffered the steepest drop, plunging by 4.21%. Other major underperformers included telecommunication services provider ORANGE POLSKA (WSE: OPL), genco PGE (WSE: PGE) and two banking names PKO BP (WSE: PKO) and BZ WBK (WSE: BZW), which tumbled by 3.25%-3.64%.