WSE: Session Results

Polish equity market closed flat on Friday. The broad market measure, the WIG Index, edged up 0.1%. Sector performance within the WIG Index was mixed. Telecoms (+1.90%) outperformed, while informational technology (-1.51%) lagged behind.

The large-cap stocks’ measure, the WIG30 Index, inched down 0.01%. Within the index components, IT-company ASSECO POLAND (WSE: ACP) was the session’s biggest loser, tumbling by 4.5%. It was reported that the company bought from the European Bank for Reconstruction and Development (EBRD) a 4.28% stake in its subsidiary Asseco South Eastern Europe for PLN 21.1 mln, as the EBRD exercised its put option. According to new put and call option rules for the EBRD’s remaining stake of 2.6 mln shares (or 4.99%), the next transaction window will be between December 28, 2017 and March 28, 2018. Other largest decliners were chemical producer GRUPA AZOTY (WSE: ATT) and two coal miners JSW (WSE: JSW) and BOGDANKA (WSE: LWB), falling by 3.44%, 1.91% and 1.7% respectively. At the same time, telecommunication services provider ORANGE POLSKA (WSE: OPL) led the gainers with a 2.23% advance, followed by bank MILLENNIUM (WSE: MIL), agricultural producer KERNEL (WSE: KER) and copper producer KGHM (WSE: KGH), adding 0.97%, 0.87% and 0.85% respectively.

The Warsaw Stock Exchange will be open on Monday, January 2nd.

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