Polish equity market surged on Monday. The broad market measure, the WIG Index, rose by 0.97%. Almost all sectors in the WIG Index generated positive returns. The exception were telecommunications (-0.24%), and food sector (-0.21%).
The large-cap stocks' measure, the WIG30 Index, added 1.05%. Within the WIG30 Index components, PKO BP (WSE: PKO) led advancers, jumping by 4.44% after the bank reported first-half earnings that reduced less than expected. This news also helped to lift PKO's banking-sector peers, namely MBANK (WSE: MBK), ING BSK (WSE: ING), BZ WBK (WSE: BZW) and PEKAO (WSE: PEO), which rebounded by 1.09%-3.52%. On the other side of the ledger, ALIOR (WSE: ALR) led the decliners, dropping 0.64%. It was followed by TAURON PE (WSE: TPE) and GTC (WSE: GTC), losing 0.55% and 0.5% respectively.