Polish equity market closed higher on Friday. The broad market measure, the WIG Index, rose 0.12%. Sector performance in the WIG Index was mixed. Food sector (+1.93%) and materials (+1.87%) recorded the biggest gains, while utilities (-1.58%) lagged behind, as Poland's government pushes the energy generating companies to invest in troubled mine.
The large-cap stocks' measure, the WIG30 Index, added 0.14%. Within the index components, JSW (WSE: JSW) led the gainers with a 4.55% advance, followed by KGHM (WSE: KGH), EUROCASH (WSE: EUR), KERNEL (WSE: KER) and GRUPA AZOTY (WSE: ATT), growing by 2.06%-2.61%.
On the other side of the ledger, BOGDANKA (WSE: LWB) fared the worst, tumbling by 4%, on the news that ENEA (WSE: ENA), which took over the company earlier this month, may buy another troubled coal mine KHW. This ENEA's buying could pose a risk to BOGDANKA's coal sales, as BOGDANKA's and KHW output far exceeds ENEA's needs. ENEA (WSE: ENA) plunged by 3.99%.