Polish equity market closed slightly lower on Friday. The broad market benchmark, the WIG Index, inched down 0.09%. Sector performance in the WIG Index was mixed. Food sector (-2.53%) recorded the biggest decline, while construction (+1.23%) fared the best.

The large-cap stocks' measure, the WIG30 Index, lost 0.28%. In the index basket, agricultural producer KERNEL (WSE: KER) tumbled the most, down 3.74%. It was followed by oil and gas producer PGNIG (WSE: PGN), dropping by 1.94%. The company reported a PLN 115 mln net loss for the second quarter of 2016 (versus profit of PLN 621 mln in corresponding period of the previous year) and restated its dividend policy of paying PLN 0.20 per share. Other major decliners were telecommunication services provider ORANGE POLSKA (WSE: OPL), chemical producer GRUPA AZOTY (WSE: ATT) and railway freight transport operator PKP CARGO (WSE: PKP), falling by 1.5%, 1.35% and 1.28% respectively. On the other side of the ledger, bank MILLENNIUM (WSE: MIL) led the gainers with a 2.73% advance, followed by videogame developer CD PROJEKT (WSE: CDR), property developer GTC (WSE: GTC) and bank MBANK (WSE: MBK), surging by 1.99%, 1.37% and 1.3% respectively.

The Warsaw Stock Exchange will be closed on Monday, August 15, due to the Feast of Assumption of the Blessed Mary.