Polish equity market closed slightly lower on Thursday. The broad market measure, the WIG index, inched down 0.07%. Sector performance within the WIG Index was mixed. Materials stocks (-2.33%) tumbled the most, while utilities names ( 1.13%) fared the best.
The large-cap stocks' benchmark, the WIG30 Index, plunged by 0.16%. In the index basket, coking coal miner JSW (WSE: JSW) topped the list of decliners with a 6.89% drop. It was followed by clothing retailer LPP (WSE: LPP), which fell by 6.65% after the company reported Q1 net loss of PLN 65.6 mln, nearly twice deeper than the expected loss of PLN 35.9 mln. Other major laggards were copper producer KGHM (WSE: KGH), genco ENERGA (WSE: ENG) and oil and gas producer PGNIG (WSE: PGN), losing 2.04%, 1.54% and 1.35% respectively. On the other side of the ledger, MBANK (WSE: MBK) led the gainers with a 2.68% advance, followed by genco PGE (WSE: PGE), bank MILLENNIUM (WSE: MIL) and oil refiner PKN ORLEN (WSE: PKN), growing by 2.41%, 2.37% and 2.21% respectively.