Polish equity market closed higher on Thursday. The broad market measure, the WIG Index, rose by 1.47%. The WIG sub-sector indices were mainly higher with materials (+3.83%) outperforming.

The large-cap stocks' measure, the WIG30 Index, surged by 1.76%. A majority of the index components returned gains, with the way up led by bank ALIOR (WSE: ALR), which soared by 9.84%, helped by the announcement the bank decided yesterday to terminate the negotiations and cease the plan to acquire core banking business of Raiffeisen Bank Polska. Other major advancers were chemical producer GRUPA AZOTY (WSE: ATT), footwear retailer CCC (WSE: CCC), coking coal miner JSW (WSE: JSW) and copper producer KGHM (WSE: KGH), which added between 3.93% and 5.58%. Among few decliners, media group CYFROWY POLSAT (WSE: CPS) fell the most, down 1.32%, correcting after significant gains (7.2%) earlier this month.