Polish equity market closed flat on Monday. The broad market measure, the WIG Index, edged down 0.05%. The WIG sub-sector indices were mainly lower with materials measure (-1.15%) underperforming.

The large-cap stocks' measure, the WIG30 Index, fell by 0.19%. In the index basket, banking sector name MBANK (WSE: MBK) topped the decliners' list, tumbling by 3.18%. Among other major laggards were copper producer KGHM (WSE: KGH), bank ALIOR (WSE: ALR) and genco TAURON PE (WSE: TPE), plunging by 2.51%, 2.45% and 2.06% respectively. On the other side of the ledger, insurer PZU (WSE: PZU) led the gainers, jumping by 2.87%, helped by the announcement the company is in talks to buy a 30-percent stake in bank PEKAO (WSE: PEO; +0.79%) from Italy's banking group Unicredit. It was followed by two coal miners JSW (WSE: JSW) and BOGDANKA (WSE: LWB), climbing by 2.24% and 1.67% respectively.