Polish equity market closed slightly higher on Friday. The broad market measure, the WIG Index, edged up 0.09%. From a sector perspective, information technology (-0.93%) fared the worst, while banking sector ( 1.19%) was best-performer.
The large-cap stocks' measure, the WIG30 Index, fell by 0.14%. In the index basket, FMCG-wholesaler EUROCASH (WSE: EUR) was hit the hardest, down 4.47%, as the company announced its Q1 net profit was PLN 1.2 mln ($309 ths), below analysts' consensus estimate of PLN 1.9 mln. It was followed by clothing retailer LPP (WSE: LPP), railway freight transport operator PKP CARGO (WSE: PKP) and oil and gas producer PGNIG (WSE: PGN), plunging by 2.6%, 2.26% and 2.15% respectively. Elsewhere, IT-company ASSECO POLAND (WSE: ACP) and bank MILLENNIUM (WSE: MIL) fell by 1.98% and 1.89% respectively as their Q1 earnings didn't meet the analysts' expectations. On the other side of the ledger, coking coal producer JSW (WSE: JSW) recorded the strongest daily performance, jumping by 7.15%, after the company reported a significant decrease in net loss to PLN 59.8 mln in Q1 compared to net loss of PLN 198.1 mln in the corresponding period of the previous year. Other major outperformers were three banking sector names PEKAO (WSE: PEO), PKO BP (WSE: PKO) and BZ WBK (WSE: BZW), soaring by 2.06%, 1.86% and 1.71% respectively.