Polish equity market closed little changed on Friday. The broad market measure, the WIG Index, edged down 0.07%. Sector performance within the WIG Index was mixed. Utilities (-1.33%) sank the most, while telecoms (+2.78%) outperformed.
The large-cap stocks' measure, the WIG30 index, went down 0.4%. In the index basket, FMCG-wholesaler EUROCASH (WSE: EUR) led the decliners with a 3.98% drop, followed by thermal coal miner BOGDANKA (WSE: LWB) and two apparel retailers CCC (WSE: CCC) and LPP (WSE: LPP), retreating by 3.15%-3.48%. Elsewhere, Poland's state-controlled utilities PGE (WSE: PGE), ENERGA (WSE: ENG) and ENEA (WSE: ENA) as well as oil and gas producer PGNIG (WSE: PGN) recorded losses between 0.93% and 2.36%, weighted down by the announcement the companies jointly submitted a preliminary, nonbinding offer for purchase of Polish assets of France's power group EDF. On the country, property developer GTC (WSE: GTC), chemical producer GRUPA AZOTY (WSE: ATT) and telecommunication services provider ORANGE POLSKA (WSE: OPL) were the biggest advancers, gaining 7.38%, 4.81% and 3.35% respectively.