WSE: Session Results

Polish equity market closed higher on Thursday. The broad market measure, the WIG Index, surged by 0.42%. The WIG sub-sector indices were mainly higher with media stocks (+1.24%) outperforming.

The large-cap stocks' measure, the WIG30 Index, rose 0.52%. 2/3 of all index components returned gains, with the way up led by coking coal miner JSW (WSE: JSW), which rose 2.88%, partly erasing a 6% drop recorded in the first two sessions of the week. It was reported that stockpile of coal at Polish mines fell to around 1 mln tonnes as of end of December compared to almost 6 mln tonnes in 2015 on the back of mines shutdowns, geological problems and increased demand due to freezing temperatures. Other major advancers were videogame developer CD PROJEKT (WSE: CDR), chemical producer GRUPA AZOTY (WSE: ATT) and three banking names BZ WBK (WSE: BZW), MBANK (WSE: MBK) and ALIOR (WSE: ALR), which added between 1.77% and 2.37%. On the other side of the ledger, IT-company ASSECO POLAND (WSE: ACP) and genco TAURON PE (WSE: TPE) topped the decliners' list, falling by 2.04%, and 1.78% respectively.