Polish equity market closed slightly higher on Wednesday. The broad market measure, the WIG index, added 0.09%. Sector-wise, materials (+3.59%) posted the best daily result, while chemicals (-1.27%) fared the worst.
The large-cap stocks' measure, the WIG30 Index, inched down 0.06%. In the index basket, PKN ORLEN (WSE: PKN) led the decliners with a 2.34% drop, followed by PZU (WSE: PZU) and GRUPA AZOTY (WSE: ATT), dropping by 2.07% and 1.83% respectively. On the other side of the ledger, coking coal producer JSW (WSE: JSW) generated the biggest gain, soaring by 27.81% on news the company agreed deal with its trade unions to curb some bonuses, which would allow the company to save PLN 2bln in 2016-2018 and stave off possible collapse. Other major outperformers were GTC (WSE: GTC), BOGDANKA (WSE: LWB), KGHM (WSE: KGH) and ASSECO POLAND (WSE: ACP), surging by 5.93%, 2.89%, 2.5% and 2.1% respectively.