WSE: Session Results

Polish equity market closed higher on Thursday. The broad market measure, the WIG Index, rose by 0.56%. Within the index performance was mixed, with oil and gas (+1.65%) outperforming and chemicals (-1.3%) lagging.

The large-cap stocks' measure, the WIG30 Index, added 0.84%. Within the WIG30 Index components, oil refiner LOTOS (WSE: LTS) led the gainers pack with a 5.74% advance, lifted up by better-than-expected Q3 earnings. The company's Q3 financial report showed its profit stood at PLN 380 mln in Q3, well above analysts' forecast for PLN 232 mln. Other major outperformers were railway freight transport operator PKP CARGO (WSE: PKP), insurer PZU (WSE: PZU), genco TAURON PE (WSE: TPE), videogame developer CD PROJEKT (WSE: CDR) and two banking names MILLENNIUM (WSE: MIL) and MBANK (WSE: MBK), surging by 2.54%-3.23%. On the other side of the ledger, chemical producer SYNTHOS (WSE: SNS) recorded the largest daily drop, down 2.3%, as the company posted net profit of PLN 81 mln for Q3, 16% below the PLN 96.2 mln expected by analysts and down by 40% y/y. Copper producer KGHM (WSE: KGH), genco PGE (WSE: PGE) and two banks ING BSK (WSE: ING) and ALIOR (WSE: ALR) also posted notable declines, sliding down 1.12%-1.71%.