Polish equity market closed higher on Monday. The broad market measure, the WIG index, inched up 0.15%. Sector performance in the WIG Index was mixed. Utilities names (+2.40%) recorded the biggest gain, rebounding from the previous session's sharp decline. At the same time, materials (-1.90%) fared the worst, followed by banking stocks (-1.02%), which declined after the opposition Law & Justice party, which announced plans to tax bank assets and burden the banks with the costs of conversion of Swiss franc mortgages to zloty, claimed victory in national elections.

The large-cap stocks' measure, the WIG30 Index, rose by 0.19%. In the index basket, PGE (WSE: PGE) posted the strongest advance, up 4.15%. Other major outperformers included CCC (WSE: CCC), CYFROWY POLSAT (WSE: CPS), EUROCASH (WSE: EUR) and ENERGA (WSE: ENG), adding 1.68%-2.13%. On the other side of the ledger, MBANK (WSE MBK) led the decliners with a 3.88% drop, followed by JSW (WSE: JSW), KGHM (WSE: KGH) and PKO BP (WSE: PKO), sliding 2.09%-2.51%.