Polish equity market closed higher on Monday. The broad market measure, the WIG Index, surged by 0.82%. The WIG sub-sector indices were mainly higher with energy stocks (+3.24%) outperforming.

The large-cap stocks' measure, the WIG30 Index, advanced 1.07%. Over 2/3 of all index components returned gains, with the way up led by clothing retailer LPP (WSE: LPP), videogame developer CD PROJEKT (WSE: CDR) and genco PGE (WSE: PGE), jumping by 4.28%, 4.17% and 4.08% respectively. PGE released it estimated its 2016 net profit to amount to PLN 2.45 bln ($604.95 mln) compared to a PLN 3-billion loss in 2015. Other major gainers were telecommunication services provider ORANGE POLSKA (WSE: OPL), copper producer KGHM (WSE: KGH) and three utilities names ENEA (WSE: ENA), ENERGA (WSE: ENG) and TAURON PE (WSE: TPE), surging by 2.38%-3.49%. On the other side of the ledger, bank MBANK (WSE: MBK) and agricultural producer KERNEL (WSE: KER) topped decliners' list, falling by 2.27% and 2.09% respectively.