Polish equity market closed higher on Friday. The broad market measure, the WIG index, advanced 0.5%. Sector performance in the WIG Index was mixed. Banking stocks ( 2.56%) recorded the biggest gain, as the chief of Polish bank guarantee fund stated that the banks' fee to the fund may stay flat or fall slightly next year given that the banking sector is stable and economic growth remains robust. At the same time, informational technology sector (-0.82%) fared the worst.
The large-cap stocks' measure, the WIG30 Index, surged by 0.57%. In the index basket, banking names BZ WBK (WSE: BZW), PEKAO (WSE: PEO) and PKO BP (WSE: PKO) generated the biggest advances, soaring by 3.79%, 3.72% and 3.05% respectively. Other major risers were oil refiner LOTOS (WSE: LTS), genco TAURON PE (WSE: TPE) and two coal miners JSW (WSE: JSW) and BOGDANKA (WSE: LWB), growing by between 1.31% and 2.46%. On the other side of the ledger, FMCG-wholesaler EUROCASH (WSE: EUR) led the decliners with a 4.8% drop, followed by chemical producer GRUPA AZOTY (WSE: ATT) and footwear retailer CCC (WSE: CCC), sliding a respective 2.54% and 2.49%.