Polish equity market closed lower on Thursday. The broad market measure, the WIG Index, declined by 0.63%. The WIG sub-sector indices mostly closed in negative territory, with WIG-AUTOMOBILES Index (-1.88%) lagging behind.

The large-cap stocks' gauge, the WIG30 Index, fell by 0.71%. A majority of the index components declined, with banking name ING BSK (WSE: ING) underperforming with a 3.94% drop, weighted down by worse-than-forecast Q4 earnings result. The bank reported its net profit amounted to PLN 254.9 mln (+23.9 y/y) in Q4, missing analysts' consensus estimate of PLN 271.8 mln. Other major laggards were chemical producer SYNTHOS (WSE: SNS), media group CYFROWY POLSAT (WSE: CPS) and bank BZ WBK (WSE: BZW), which tumbled by 3.14%, 2.46% and 2.39% respectively. At the same time, chemical producer GRUPA AZOTY (WSE: ATT) and clothing retailer LPP (WSE: LPP) led a handful of gainers, advancing 2.59% and 2.51% respectively. The later was helped by monthly sales report, which revealed the group's revenues totaled about PLN 508 mln in January 2017, up 22% y/y.