Polish equity market closed lower on Tuesday. The broad market benchmark, the WIG Index, lost 0.24%. Within the WIG index performance was mixed, with chemicals (+1.39%) outperforming and materials (-1.82%) lagging.
The large-cap stocks' measure, the WIG30 Index, fell by 0.28%. The decliners were led by coking coal producer JSW (WSE: JSW), which corrected downwards by 3.91% after two consecutive sessions of growth. Other major laggards were footwear retailer CCC (WSE: CCC), thermal coal miner BOGDANKA (WSE: LWB), oil refiner PKN ORLEN (WSE: PKN) and copper producer KGHM (WSE: KGH), which plunged by 2.53%, 2.29%, 1.58% and 1.57% respectively. On the other side of the ledger, oil and gas producer PGNIG (WSE: PGN) recorded the strongest daily result, climbing by 6.08% on analyst upgrade. It was followed by chemical producer GRUPA AZOTY (WSE: ATT) and railway freight transport operator PKP CARGO (WSE: PKP), advancing 3.66% and 1.79% respectively.