Polish equity market closed higher on Wednesday. The broad market benchmark, the WIG Index, surged by 0.42%. Sector performance within the WIG Index was mixed. Mining (+2.49%) outperformed, while clothes (-0.89%) lagged behind.
The large-cap stocks added 0.57%, as measured by the WIG30 Index. Within the index components, coking coal miner JSW (WSE: JSW) led the gainers pack with a 4.63% advance, recovering somewhat after two weeks of declines, which pushed the stock's quotation down nearly 20%. It was followed by FMCG-wholesaler EUROCASH (WSE: EUR) and two banking names ING BSK (WSE: ING) and ALIOR (WSE; ALR), climbing by 2.72%-3.39%. On the other side of the ledger, footwear retailer CCC (WSE: CCC) recorded the biggest drop of 2.88%, breaking a six-session streak of gains. Other major decliners were insurer PZU (WSE: PZU), bank BZ WBK (WSE: BZW) and property developer GTC (WSE: GTC), plunging by 1.92%, 1.6% and 1.58% respectively.