WSE: Session Results

Polish equity market closed higher on Monday, with the broad market measure, the WIG index, adding 0.56%. Except for chemicals (-1.39%) and telecoms (-1.83%), every sector in the WIG Index rose, with banking sector (+2.03%) outperforming.

The large-cap stocks' benchmark, the WIG30 Index, advanced 0.68%. In the index basket, the day's strongest performers were oil and gas producer PGNIG (WSE: PGN), footwear retailer CCC (WSE: CCC), genco ENEA (WSE: ENA) and two banking sector names MBANK (WSE: MBK) and PKO BP (WSE: PKO), which gained between 2.95% and 3.04%. At the same time, insurer PZU (WSE: PZU) was hit the hardest, down 3.95%, as investors were frustrated by the announcement the company plans to pay out lower-than-expected FY 2015 dividend of PLN 2.08 per share (div. yield 6% based on Friday's closing price), which however is in-line with its policy of handing out 50-100 pct of profit. Other major laggards were telecommunication services provider ORANGE POLSKA (WSE: OPL) and two chemicals names SYNTHOS (WSE: SNS) and GRUPA AZOTY (WSE: ATT), declining by 2.66%, 2.58% and 2.57% respectively.