WSE: Session Results

Polish equity market closed higher on Tuesday. The broad market measure, the WIG Index, rose by 1.25%. The WIG sub-sector indices were mainly higher with media (+3.04%) outperforming.

The large-cap stocks gained 1.52%, as measured by the WIG30 Index, with the way up led by four banking sectors names BZ WBK (WSE: BZW), MBANK (WSE: MBK), ALIOR (WSE: ALR) and ING BSK (WSE: ING), which surged by 3.85%-6.01%. Other major advancers were copper producer KGHM (WSE: KGH) and media group CYFROWY POLSAT (WSE: CPS), jumping by 3.77% and 3.7% respectively. The former was partially helped by announcement about an analyst recommendation upgrade. On the other side of the ledger, coking coal producer JSW (WSE: JSW) was the worst performing name, tumbling by 5.49%. The company reported that it increased its current bond program by PLN 300 mln (or $71.7 mln) to PLN 1 bln and $163.8 mln. New bonds are to be bought by state-run fund Silesia. It was followed by videogame developer CD PROJEKT (WSE: CDR) and two retailers LPP (WSE: LPP) and CCC (WSE: CCC), which lost 1.99%, 1.31% and 0.77% respectively.