Polish equity market closed lower on Wednesday. The broad market benchmark, the WIG Index, declined by 2.49%. All sectors in the WIG retreated, with materials (-4.62%) lagging behind.

The large-cap companies' measure, the WIG30 Index, fell by 2.62%. Only two index constituents managed to generate positive returns: FMCG-wholesaler EUROCASH (WSE: EUR) rose by 0.51%, while chemical producer GRUPA AZOTY (WSE: ATT) inched up 0.09%. At the same time, railway transport operator PKP CARGO (WSE: PKP) suffered the steepest drop, down 7.31%. The company announced intention to run significant investment projects. It plans to spend PLN 1.8 bln on rolling stock investments in the coming years, as well as PLN 311 mln on rolling stock modernization this year. Other major underperformers were two gencos ENEA (WSE: ENA) and ENERGA (WSE: ENG) and two coal miners JSW (WSE: JSW) and BOGDANKA (WSE: LWB), which lost between 4.87% and 7.19%.