Polish equity market closed flat on Tuesday. The broad market measure, the WIG Index, edged down 0.07%. Sector performance within the WIG Index was mixed. Materials (-3.26%) fell the most, while food sector (+1.39%) fared the best.
The large-cap stocks’ measure, the WIG30 Index, inched down 0.03%. In the index basket, coking coal miner JSW (WSE: JSW) topped the decliners’ list, tumbling by 7.52%. It was reported that the company’s shareholders decided to announce break in proceedings of EGM until December 1. The shareholders were supposed to vote on the transfer of JSW’s troubled mine Krupinski to state restructuring company SRK, which will wind it down. Among other major laggards were chemical producer GRUPA AZOTY (WSE: ATT), bank MILLENNIUM (WSE: MIL) and copper producer KGHM (WSE: KGH), plunging by 3.1%, 2.86% and 1.82% respectively. On the other side of the ledger, utilities name ENERGA (WSE: ENG) and railway freight transport operator PKP CARGO (WSE: PKP) led the gainers, jumping by 2.85% and 2.81% respectively.