Polish equity market closed higher on Tuesday. The broad market measure, the WIG Index, surged by 0.38%. Sector-wise, media stocks (+3%) fared the best, while banking names (-0.75%) lagged behind.
The large-cap stocks advanced by 0.38%, as measured by the WIG30 Index. In the index basket, media group CYFROWY POLSAT (WSE: CPS) led the outperformers, climbing by 3.87% on analyst upgrade. It was followed by property developer GTC (WSE: GTC), footwear retailer CCC (WSE: CCC) and thermal coal miner BOGDANKA (WSE: LWB), which gained 2.9%, 2.79% and 2.68% respectively. On the other side of the ledger, FMCG wholesaler EUROCASH (WSE: EUR) was the session's weakest name, tumbling by 3.63%. Other major laggards included bank PEKAO (WSE: PEO) and videogame developer CD PROJEKT (WSE: CDR), losing 2.64% and 2.14% respectively.