Polish equity market closed higher on Friday. The broad market measure, the WIG Index, rose by 0.60%. Almost all sectors in the WIG generated positive returns. The exception were utilities (-1.01%) and banking sector (-0.07%). At the same time, food sector (+4.66%) was the strongest group.
The large-cap stocks’ measure, the WIG30 Index, added 0.54%. In the index basket, agricultural producer KERNEL (WSE: KER) led the way up, climbing by 7.98%. Other major gainers were copper producer KGHM (WSE: KGH), videogame developer CD PROJEKT (WSE: CDR) and two banking sector names HANDLOWY (WSE: BHW) and ING BSK (WSE: ING), which advanced between 2.68% and 4.43%. On the other side of the ledger, MBANK (WSE: MBK) recorded the largest decline, down 3.99%, as the bank announced intention to withhold dividend payouts from FY2015 profit. It was followed by FMCG-wholesaler EUROCASH (WSE: EUR) and bank BZ WBK (WSE: BZW), which tumbled by 3.46% and 3.32% respectively.