Polish equity market closed higher on Thursday. The broad market benchmark, the WIG Index, grew by 0.27%. Sector performance in the WIG Index was mixed. Food sector (+1.24%) recorded the biggest gains, while telecoms (-1.50%) lagged behind.

The large-cap stocks measure, the WIG30 Index, rose by 0.22%. In the index basket, agricultural producer KERNEL (WSE: KER), coking coal producer JSW (WSE: JSW) and clothing retailer LPP (WSE: LPP) were the best-performing names, advancing by 2.86%, 2.69% and 2.47% respectively. On the other side of the ledger, MBANK (WSE: MBK) led the decliners, losing 2.27% on report the bank's net profit fell by 32% y/y in Q1, to PLN 308 mln ($79.5 mln), but was above analysts' expectations of PLN 284 mln. It was followed by telecommunication services provider ORANGE POLSKA (WSE: OPL) and two banking names ING BSK (WSE: ING) and ALIOR (WSE: ALR), dropping by 1.07%-1.94%.