Polish equity market rebounded on Thursday. The broad market measure, the WIG Index, added 0.95%. Sector performance in the WIG Index was mixed. The beaten-down utilities (+4.79%) and banking (+3.26%) sectors performed best within the Index, while media sector (-3.18%) lagged behind.
All sectors in the WIG gained, with materials (+2.77%) and chemicals (+2.63%) outperforming.
The large-cap stocks' measure, the WIG30 Index, advanced by 1.26%. In the WIG30 index, the strongest performers were banking names MBANK (WSE: MBK), BZ WBK (WSE: BZW) and ALIOR (WSE: ALR), as well as utilities names TAURON PE (WSE: TPE), ENERGA (WSE: ENG), ENEA (WSE: ENA) and PGE (WSE: PGE), jumping by 5.05%-6.19%. On the other side of the ledger, FMCG wholesaler EUROCASH (WSE: EUR) led the decliners with a 5.44% drop, followed by media and telecommunications group CYFROWY POLSAT (WSE: CPS) and chemical producer GRUPA AZOTY (WSE: ATT), plunging by 3.62% and 3.13% respectively.