Polish equity market closed higher on Friday. The broad market measure, the WIG Index, added 0.18%. The WIG sub-sector indices were mainly higher with materials (+5.50%) outperforming.
The large-cap stocks' measure, the WIG30 index, surged b y0.36%, helped by a significant gain by copper producer KGHM (WSE: KGH). The stock climbed by 8.07% as copper prices rose to a fresh one-year high, following a victory for Donald Trump as investors expect that his presidency would stimulate the U.S. economy. Other major advancers were telecommunication services provider ORANGE POLSKA (WSE: OPL), genco ENERGA (WSE: ENG) and bank MILLENNIUM (WSE: MIL), advancing 3.05%, 2.06% and 1.93% respectively. On the country, oil refiner LOTOS (WSE: LTS) and were two chemical producers GRUPA AZOTY (WSE: ATT) and SYNTHOS (WSE: SNS) were the biggest decliners, tumbling by 2.7%, 2.65% and 1.75% respectively.