Polish equity market closed lower on Thursday. The broad market measure, the WIG index, declined by 1.49%. All sectors, but for media (+0.89%), were down, with utilities (-3.57%) lagging behind.

The large-cap stocks' gauge, the WIG30 Index, dropped by 1.84%. A majority of the index components recorded losses, with railway freight transport operator PKP CARGO (WSE: PKP) underperforming with a 5.17% decline. Other major laggards were genco TAURON PE (WSE: TPE), coking coal miner JSW (WSE: JSW), clothing retailer LPP (WSE: LPP) and bank PEKAO (WSE: PKO), which tumbled by 4.15%-4.68%. At the same time, the few gainers included media group CYFROWY POLSAT (WSE: CPS), oil refiner PKN ORLEN (WSE: PKN) and footwear retailer CCC (WSE: CCC), advancing by 1.02%, 0.31% and 0.25% respectively.