Polish equity market closed lower on Wednesday. The broad market measure, the WIG Index, fell by 0.28%. Sector performance within the WIG Index was mixed. Telecoms (-3.94%) underperformed, while mining (+2.72%) outpaced.

The large-cap stocks' measure, the WIG30 Index, dropped by 0.46%. Within the index components, media group CYFROWY POLSAT (WSE: CPS) was the session's biggest loser, tumbling by 5.85% on news the European Bank for Reconstruction and Development (EBRD) sold a 2.48 percent stake in the company at a small discount to Tuesday's closing price of PLN 25.65. Other largest decliners were telecommunication services provider ORANGE POLSKA (WSE: OPL), agricultural producer KERNEL (WSE: KER) and genco PGE (WSE: PGE), declining by 2.51%, 2.43% and 2.14% respectively. At the same time, property developer GTC (WSE: GTC) led a handful of gainers with a 0.99% advance, followed by clothing retailer LPP (WSE: LPP) and bank PKO BP (WSE: PKO), adding 0.36% and 0.2% respectively.