Polish equity market closed lower on Wednesday. The broad market measure, the WIG index, lost 0.11%. From a sector perspective, utilities (+1.16%) recorded the biggest gains, while chemicals (-1.21%) lagged behind.
The large-cap stocks’ measure, the WIG30 Index, declined by 0.24%. Within the WIG30 Index components, clothing retailer LPP (WSE: LPP) fared the worst, slumping by 5.59% after the company announced its Q2 financials, which showed the company’s profit reduced by 34.4% y/y to PLN 89.8 mln in the reviewed period, in-line with analysts’ expectation. Other largest losers were FMCG-wholesaler EUROCASH (WSE: EUR) and two chemical producers SYNTHOS (WSE: SNS) and GRUPA AZOTY (WSE: ATT), which fell by 4.44%, 3.96% and 2.15% respectively. On the other side of the ledger, gencos ENERGA (WSE: ENG) and ENEA (WSE: ENA) were the biggest gainers, climbing by a respective 5.61% and 3.03% after yesterday’s slump.