Polish equity market closed higher on Tuesday. The broad market measure, the WIG Index, rose by 1.18%. Utilities sector (-2.63%) was sole decliner within the WIG Index, while materials (+2.90%) outpaced.
The large-cap stocks’ measure, the WIG30 Index, surged by 1.37%. Coking coal miner JSW (WSE: JSW) was the standout performer in the WIG30 Index basket, skyrocketing by 22.74% on announcement the company had agreed with its bondholders to extend the payments from JSW’s bond by five years until 2025. The agreement concerns two JSW bonds worth PLN 700 mln and $164 mln, respectively. Other notable gainers were three banking names MBANK (WSE: MBK), MILLENNIUM (WSE: MIL) and PEKAO (WSE: PEO), thermal coal miner BOGDANKA (WSE: LWB) and property developer GTC (WSE: GTC), advancing by 3.35%-5.99%. On the other side of the ledger, four utilities names ENEA (WSE: ENA), PGE (WSE: PGE), ENERGA (WSE: EMG) and TAURON PE (WSE: TPE) recorded the biggest declines, tumbling by 2.42%-3.24%.