Polish equity market plunged on Wednesday. The broad market measure, the WIG Index, declined by 1.47%. All sectors in the WIG retreated, with materials (-3.62%) lagging behind.
The large-cap stocks' measure, the WIG30 Index, fell by 1.85%. A majority of the index components recorded losses. Clothing retailer LPP (WSE: LPP) and genco ENERGA (WSE: ENG) topped the decliners' list, dropping by 4.51% and 4.3% respectively. They were followed by railway freight transport operator PKP CARGO (WSE: PKP), copper producer KGHM (WSE: KGH), bank MILLENNIUM (WSE: MIL) and telecommunication services provider ORANGE POLSKA (WSE: OPL), slumping between 3.38% and 3.93%. At the same time, the handful advancers included bank ALIOR (WSE: ALR), FMCG-wholesaler EUROCASH (WSE: EUR) and footwear retailer CCC (WSE: CCC), gaining 1.28%, 0.7% and 0.18% respectively.