Polish equity market closed lower on Wednesday. The broad market benchmark, the WIG Index, lost 0.84%. Except for food sector (+0.14%) and chemicals (+0.08%), every sector in the WIG Index declined, with informational technology sector (-1.66%) lagging behind.

The large-cap stocks' measure, the WIG30 Index, fell by 1.08%. Within the WIG30 Index components, BZ WBK (WSE: BZW) was hit the hardest, down 3.46%, after the bank reported a 46% y/y decline in its Q1 net profit to PLN 556 mln, but above analysts' expectations of PLN 506 mln. Other biggest laggards included IT-company ASSECO POLAND (WSE: ACP), chemical producer SYNTHOS (WSE: SNS) and oil refiner PKN ORLEN (WSE: PKN), plunging by 3%, 2.16% and 2.09% respectively.

On the other side of the ledger, coking coal producer JSW (WSE: JSW) jumped by 1.73%, partially paring yesterday's losses. It was followed by bank ING BSK (WSE: ING), railway freight transport operator PKP CARGO (WSE: PKP) and agricultural producer KERNEL (WSE: KER), advancing 1.39%, 0.81% and 0.7% respectively.