Polish equities advanced on Wednesday. The broad market measure, the WIG Index, added 1.33%. Sector-wise, media sector (-2.07%) was the day's biggest laggard, while banking sector (+2.59%) benefited the most.
The large-cap stocks' measure, the WIG30 Index, advanced by 1.61%. In the index basket, utilities name TAURON PE (WSE: TPE) and chemicals name SYNTHOS (WSE: SNS) were the strongest performers, jumping by 6.67% and 5.56%. Other major outperformers were stocks from banking sector, namely stocks PEKAO (WSE: PEO), MBANK (WSE: MBK) and HANDLOWY (WSE: BHW), which added 4.47%, 3.51% and 2.74% respectively. On the other side of the ledger, chemicals name GRUPA AZOTY (WSE: ATT) and developing sector name GTC (WSE: GTC) fared the worst, retreating 3.92% and 3.53% respectively. They were followed by media name CYFROWY POLSAT (WSE: CPS), which fell by 2.22%, following report that Poland might impose a fee on private TV and radio broadcasters to finance public media.