Polish equity market closed lower on Tuesday. The broad market measure, the WIG Index, declined by 0.47%. Sector performance within the WIG Index was mixed. Telecommunication sector (+1.61%) was the strongest group, while chemicals (-1.66%) lagged behind.

The large-cap stocks' benchmark, the WIG30 Index, fell by 0.53%. In the index basket, coking coal producer JSW (WSE: JSW) and clothing retailer LPP (WSE: LPP) recorded the biggest declines, down 3.97% and 3.75% respectively. Other major underperformers were agricultural producer KERNEL (WSE: KER), chemical producer GRUPA AZOTY (WSE: ATT) and railway freight transport operator PKP CARGO (WSE: PKP), dropping by 2.6%, 2.27% and 2.24% respectively. On the other side of the ledger, genco TAURON PE (WSE: TPE) topped the list of outperformers, climbing by 3.48%. It was followed by telecommunication services provider ORANGE POLSKA (WSE: OPL), jumping by 2.85% on better-than-expected Q1 FY2016 earnings (the company posted net profit of PLN 98 mln for Q1 versus analysts' consensus of PLN 55.2 mln). Other noticeable risers were media group CYFROWY POLSAT (WSE: CPS), genco ENEA (WSE: ENA) and chemical producer SYNTHOS (WSE: SNS), advancing 1.65%, 1.57% and 1.22% respectively.