Polish equity market closed lower on Friday. The broad market measure, the WIG index, fell by 14%. Sector performance within the WIG Index was mixed. Oil and gas sector stocks (-1.05%) tumbled the most, while food sector names (+0.89%) fared the best.
The large-cap stocks' benchmark, the WIG30 Index, lost 0.27%. In the index basket, oil refiner PKN ORLEN (WSE: PKN) continued to retreat, losing 2.59%. Other major laggards were IT-company ASSECO POLAND (WSE: ACP), clothing retailer LPP (WSE: LPP) and railway freight transport operator PKP CARGO (WSE: PKP), plunging by 2.3%, 1.85% and 1.35% respectively. On the other side of the ledger, oil and gas producer PGNIG (WSE: PGN) and chemical producer GRUPA AZOTY (WSE: ATT) were the growth leaders, with each gaining 2.14%.