WSE: Session Results

Polish equity market closed flat on Thursday, as measured by the WIG Index. Sector performance within the WIG Index was mixed. Telecoms (-1.31%) tumbled the most, while utilities (+3.23%) fared the best.

The large-cap companies' measure, the WIG30 Index, added 0.2%. In the index basket, bank ING BSK (WSE: ING) and genco ENEA (WSE: ENA) topped the list of advancers, jumping by 4.66% and 4.6% respectively, supported by stronger-than-expected Q3 financials. ING BSK reported net profit of PLN 0.332 bln versus analysts' consensus estimate of PLN 0.284 bln. ENEA posted net profit of PLN 0.249 bln versus analysts' consensus estimate of PLN 0.196 bln and net revenues of PLN 2.705 bln versus analysts' consensus estimate of PLN 2.603 bln. Other major gainers were chemical producer SYNTHOS (WSE: SNS) and three utilities names PGE (WSE: PGE), TAURON PE (WSE: TPE) and ENERGA (WSE: ENG), which rose by 1.16%-4.31%. At the same time, clothing retailer LPP (WSE: LPP) recorded the biggest drop, retreating by 6.05% after four consecutive sessions of growth. It was followed by bank ALIOR (WSE: ALR), IT-company ASSECO POLAND (WSE: ACP) and footwear retailer CCC (WSE: CCC), which fell by 2.05%-2.77%.