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WSE: Session Results
Polish equities plunged on Friday on news that Britain voted to leave the European Union in yesterday's referendum. As measured by the WIG Index, the Polish market collapsed by 4.38%. All sectors in the WIG generated negative returns, with construction (-5.29%) and banking sector (-4.88%) underperforming.
The large-cap stocks' measure, the WIG30 Index, tumbled by 4.55%. All index components slumped. Clothing retailer LPP (WSE: LPP) was the weakest performer, dropping by 9.89%. Banking sector names also suffered significantly, with MILLENNIUM (WSE: MIL), MBANK (WSE: MBK), ALIOR (WSE: ALR), ING BSK (WSE: ING) and BZ WBK (WSE: BZW) declining in a range between 5.57% and 9.82%. Other noticeable losses were thermal coal miner BOGDANKA (WSE: LWB), oil refiner LOTOS (WSE: LTS) and genco ENEA (WSE: ENA), which fell by 6.7%, 6.35% and 5.93% respectively.
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