Polish equity market declined on Wednesday. The broad market measure, the WIG Index, slumped by 2.06%. Almost all sectors in the WIG generated negative returns. The exception were utilities (+0.78%) and IT-sector (+0.16%). At the same time, media sector (-3.48%) was the weakest group.

The large-cap stocks fell by 2.31%, as measured by the WIG30 Index. In the index basket, retailers LPP (WSE: LPP) and CCC (WSE: CCC) led the decliners, tumbling by 9.12% and 7.74% respectively on analyst downgrade. They were followed by FMCG wholesaler EUROCASH (WSE: EUR), insurer PZU (WSE: PZU) and coking coal miner JSW (WSE: JSW), plummeting by 6.34%, 4.53% and 4.46% respectively. On the other side of the ledger, genco TAURON PE (WSE: TPE) was the session's best performer, advancing 9.28% after the company's newly-appointed CEO announced intention to review its investment plan and possibly drop some of the projects. Other major gainers were genco ENERGA (WSE: ENG), IT-company ASSECO POLAND (WSE: ACP) and oil and gas producer PGNIG (WSE: PGN), which quotations went up by 2.45%, 1.24% and 1.19% respectively.