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WSE: Session Results
Polish equity market closed higher on Tuesday. The broad market measure, the WIG index, added 0.73%. Sector-wise, information technology stocks (+1.64%) fared the best, while developing sector names (-0.41%) fell the most.
The large-cap benchmark, the WIG30 Index, surged by 0.67%. Within the index components, coking coal miner JSW (WSE: JSW) led the gainers, skyrocketing by 16.3%, supported by the announcement the company agreed to transfer its Krupiński coal mine to the state-funded restructuring company by the end of January 2017. The transfer is within the frames of JSW's ongoing corporate restructuring and is expected to allow the company to reduce capex and labor costs. Other major advancers were railway freight transport operator PKP CARGO (WSE: PKP), thermal coal miner BOGDANKA (WSE: LWB) and bank PEKAO (WSE: PEO), climbing 6.03%, 4.8% and 3.68% respectively. On the other side of the ledger, copper producer KGHM (WSE: KGH), genco ENERGA (WSE: ENG) and property developer GTC (WSE: GTC) topped the list of the underperformers, dropping by 2.12%, 1.73% and 1.65% respectively.
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