Polish equity market closed lower on Wednesday. The broad market measure, the WIG Index, lost 1.22%. Except for food sector (+1.66%) and developers (+0.22%), every sector in the WIG Index declined, with utilities (-2.48%) lagging behind.

The large-cap stocks' benchmark, the WIG30 Index, fell by 1.8%. There were only four gainers among the index components. Footwear retailer CCC (WSE: CCC) posted the strongest advance, up 3.4%. Other outperformers were railway freight transport operator PKP CARGO (WSE: PKP), coking coal producer JSW (WSE: JSW) and bank ALIOR (WSE: ALR), gaining 2.15%, 1.43% and 0.3% respectively. On the other side of the ledger, FMCG wholesaler EUROCASH (WSE: EUR) topped the list of underperformers, tumbling by 5.83%. It was followed by chemical producer SYNTHOS (WSE: SNS) and clothing retailer LPP (WSE: LPP), slumping by 5.22% and 5.20% respectively.

For the year, the market lost 9.62%, suffering from weak performance of materials (-43.79%), utilities (-31.39%) and banking (-23.54%) sectors.

The market will be closed on Thursday and Friday.