Polish equity market closed lower on Tuesday. The broad market benchmark, the WIG Index, lost 0.20%. Sector performance in the WIG Index was mixed. Chemicals (-1.06%) recorded the biggest decline, while information technology (+1.73%) fared the best.

The large-cap stocks fell by 0.37%, as measured by the WIG30 Index. Within the index components, insurer PZU (WSE: PZU) and bank PEKAO (WSE: PEO) were among the weakest performers, tumbling by 3.37% and 2.19% respectively, weighted down by the rumors that PZU's chief executive, Michal Krupinski, is to go to Milan this week to discuss a possible purchase of PEKAO from its owner, the Italian bank UniCredit. Other major laggards were property developer GTC (WSE: GTC), two chemicals names SYNTHOS (WSE: SNS) and GRUPA AZOTY (WSE: ATT) as well as two utilities names ENEA (WSE: ENA) and PGE (WSE: PGE), losing between 1.06% and 2.69%. On the plus side, railway freight transport operator PKP CARGO (WSE: PKP) and coking coal miner JSW (WSE: JSW) topped the list of gainers, climbing by 6.31% and 5.11% respectively.