Polish equity market continued its upward trend on Thursday. The broad market measure, the WIG Index, advanced by 0.59%. The WIG sub-sector indices were mainly higher with information technology (+2.78%) outperforming.
The large-cap stocks’ measure, the WIG30 Index, rose by 0.65%. Within the index components, videogame developer CD PROJEKT (WSE: CDR) became the session’s best performer, as it stocks skyrocketed by 12.61%, helped by the announcement the analysts of one of the market participants re-initiated the stock with a ‘Buy’ recommendation and a target price of PLN 61 (compared to yesterday’s closing price of PLN 43.22). Other major gainers were copper producer KGHM (WSE: KGH), chemical producer GRUPA AZOTY (WSE: ATT) and bank PEKAO (WSE: PEO), which gained 3.68%, 2.89% and 2.55% respectively. On the other side of the ledger, genco ENEA (WSE: ENA) and bank ING BSK (WSE: ING) recorded the sharpest declines, as the stocks corrected by 2.53% and 2.5% respectively after recent growth.