WSE: Session Results

Polish equity market closed higher on Wednesday. The broad market measure, the WIG Index, rose by 0.12%. Sector performance within the WIG Index was mixed. Oil and gas sector (+1.95%) outpaced, while utilities (-1.48%) underperformed.

The large-cap stocks gained 0.41%, as measured by the WIG30 Index, with the way up led by FMCG-wholesaler EUROCASH (WSE: EUR), which surged by 7.66%. It was followed by oil and gas producer PGNIG (WSE: PGN) and railway freight transport operator PKP CARGO (WSE: PKP), jumping by 4.35% and 4% respectively. The latter reported it ended Q3 with a net loss of PLN 5.7 mln, which, however, was lower than analysts' consensus projection, calling for a loss of PLN 9 mln. Other major advancers were coking coal miner JSW (WSE: JSW), chemical producer SYNTHOS (WSE: SNS) and agricultural producer KERNEL (WSE: KER), which added between 2.26% and 2.85%. On the other side of the ledger, utilities name ENEA (WSE: ENA) kept its position as the worst performing name, tumbling by 3.45%, as it continued to suffer from yesterday's announcement the stock would be removed from MSCI Poland Index. Among other laggards were genco PGE (WSE: PGE), bank ALIOR (WSE: ALR) and property developer GTC (WSE: GTC), which lost between 1.22% and 1.87%.