Polish equity market plunged on Wednesday. The broad market measure, the WIG Index, declined by 2.56%. All sectors in the WIG generated negative returns, with chemicals (-5.07%) and media (-4.24%) underperforming.

The large-cap companies' measure, the WIG30 Index, lost 2.65%. Only two index constituents managed to generate positive returns. Clothing retailer LPP (WSE: LPP) gained 1.62% after the company reported its monthly sales rose by 24% y/y in October and 18% y/y in ten month period. It was followed by thermal coal miner BOGDANKA (WSE: LWB), which advanced by 0.62%. At the same time, the session's biggest losers were two chemical producers GRUPA AZOTY (WSE: ATT) and SYNTHOS (WSE: SNS), which tumbled by 7.2% and 5.91% respectively. Other major decliners were media group CYFROWY POLSAT (WSE: CPS), FMCG-wholesaler EUROCASH (WSE: EUR), bank MBANK (WSE: MBK) and genco ENERGA (WSE: ENG), which slumped by 3.9%-5%.