Polish equity market closed flat on Tuesday. The broad market measure, the WIG Index, edged up 0.08%. Sector performance within the WIG Index was mixed. Telecoms (+1.65%) outperformed, while utilities (-1.59%) lagged behind.
The large-cap stocks' measure, the WIG30 Index, advanced 0.12%. 18 out of all 30 index components returned gains, with the way up led by coking coal miner JSW (WSE: JSW), which climbed by 2.84%, helped by the announcement the stock will join MSCI Poland Index at market close on November 30th. Other major outperformers were railway freight transport operator PKP CARGO (WSE: PKP), bank MILLENNIUM (WSE: MIL) and two oil refiners LOTOS (WSE: LTS) and PKN ORLEN (WSE: PKN), which added between 1.28% and 2.6%. On the contrary, utilities names ENEA (WSE: ENA) and ENERGA (WSE: ENG) were hit the hardest, down 5.44% and 5.32% respectively, as it was announced that the stocks will be removed from MSCI's benchmark country index.