WSE: Session Results

Polish equity market ended Friday on an optimistic note. The broad measure, the WIG index, recorded a 0.19% uptick. The WIG sub-sector indices mostly closed in negative territory, with WIG-PHARMASEUTICALS Index (-2.57%) lagging behind.

The large-cap stocks advanced 0.4%, as measured by the WIG30 Index. In the index basket, banking name ING BSK (WSE: ING) led the way up, climbing by 3.74% and almost fully erasing its yesterday's losses. It was followed by thermal coal miner BOGDANKA (WSE: LWB), clothing retailer LPP (WSE: LPP) and oil refiner PKN ORLEN (WSE: PKN), adding 3.09%, 2.55% and 1.95% respectively. The later (PKN ORLEN) reported yesterday that its fuel's refining margin edged up to $5/bbl in January from $4.90 in December, while its petrochemical margin slipped to EUR 855/t from 862 in the previous month. On the other side of the ledger, chemical producer SYNTHOS (WSE: SNS) posted the sharpest decline, down 3.58%. The other notable losers were railway freight transport operator PKP CARGO (WSE: PKP), coking coal miner JSW (WSE: JSW), copper producer KGHM (WSE: KGH) and bank MBANK (WSE: MBK), slumping by 0.99%-2.53%. Elsewhere, genco ENERGA (WSE: ENG) was under selling pressure, which pushed its quotations down by 0.79%, after the company reported it had recognized an impairment loss of PLN 132 mln ($33 mln) on its coal-fueled power plant in Ostroleka due to low prices of electricity, and this would weigh on the its 2016 operating profit.