Polish equity market closed flat on Monday. The broad market measure, the WIG Index, inched down 0.06%. Sector performance within the WIG Index was mixed. Materials (-1.21%) demonstrated the worst dynamics, while banking sector (+0.45%) outperformed.
The large-cap stocks’ measure, the WIG30 Index, added 0.19%. Within the WIG30 Index components, coking coal miner JSW (WSE: JSW) managed to record the best daily result, climbing by 5.7% on the back of the presented restructuring plan, aimed at helping the company become profitable in the long-term. This plan envisages sale of selected assets and reduction in costs by PLN 1.6 bln by 2025. Other noticeable gainers were videogame developer CD PROJEKT (WSE: CDR) and clothing retailer LPP (WSE: LPP), jumping by 3.35% and 3.31% respectively. On the other side of the ledger, property developer GTC (WSE: GTC) and copper producer KGHM (WSE: KGH) fared the worst, slumping 2.52% and 2.35% respectively. They were followed by railway freight transport operator PKP CARGO (WSE: PKP) and IT-company ASSECO POLAND (WSE: ACP), which lost a respective 1.87% and 1.77%.