Polish equity market closed lower on Friday. The broad market measure, the WIG index, fell by 0.28%. Most sectors dropped, with chemicals (-0.86%) and energy (-0.86%) underperforming.
The large-cap stocks' gauge, the WIG30 Index, sank by 0.37%. 2/3 of the index components recorded declines. Chemical company GRUPA AZOTY (WSE: ATT) suffered the biggest daily drop, tumbling by 2.41% after significant gains earlier this week. Other largest losers were oil and gas producer PGNIG (WSE: PGN), railway freight transport operator PKP CARGO (WSE: PKP) and thermal coal miner BOGDANKA (WSE: LWB), falling 2.33%, 2.32% and 2.28% respectively. At the same time, footwear retailer CCC (WSE: CCC) and agricultural producer KERNEL (WSE: KER) led a handful of gainers, adding 2.58% and 1.25% respectively. The latter published Q2 operational update, which reviled that the company increased its grain sales by 15% y/y, sunflower oil sales in bulk by 13% y/y and bottled oil sales by almost 17% y/y.