Polish equity closed higher on Monday. The broad market measure, the WIG Index, surged by 2.42%. All sectors in the WIG generated positive returns, with oil and gas (+4.18%), banking sector (+3.78%) and materials (+3.6%) outperforming.
The large-cap stocks' benchmark, the WIG30 Index, grew by 3.1%. There were only two decliners among the index components. Coking coal producer JSW (WSE: JSW) posted the sharpest decline, sliding down 1.43%. It was followed by thermal coal miner BOGDANKA (WSE: LWB), falling by 0.44%. On the plus side, oil refiner PKN ORLEN (WSE: PKN) and copper producer KGHM (WSE: KGH) topped the list of outperformers, climbing by 6.18% and 5.81% respectively, supported by growing prices for oil and copper. Among other major gainers were six constituents, belonging to the banking sector, namely PEKAO (WSE: PEO), ALIOR (WSE: ALR), BZ WBK (WSE: BZW), PKO BP (WSE: PKO), ING BSK (WSE: ING) and MBANK (WSE: MBK), which added between 3.22% and 4.61% percent.