Poland shares lower at close of trade; WIG30 down 1.99%

Poland equities were lower at the close on Monday, as losses in the Banking, Basic Materials and Construction sectors propelled shares lower.

At the close in Warsaw, the WIG30 lost 1.99%.

The biggest gainers of the session on the WIG30 were Enea SA (WA:ENAE), which rose 2.85% or 0.29 points to trade at 10.45 at the close. Kernel Holding SA (WA:KER) added 0.95% or 0.49 points to end at 52.00 and OrangePL (WA:OPL) was up 0.78% or 0.04 points to 5.18 in late trade.

Biggest losers included PKO Bank Polski SA (WA:PKO), which lost 5.34% or 1.31 points to trade at 23.22 in late trade. Bank Zachodni WBK SA (WA:BZW) declined 3.96% or 10.85 points to end at 263.00 and Powszechny Zaklad Ubezpieczen SA (WA:PZU) shed 3.87% or 1.14 points to 28.32.

Declining stocks outnumbered rising ones by 250 to 242 and 165 ended unchanged on the Warsaw Stock Exchange.

In commodities trading, Crude oil for August delivery was down 2.62% or 1.25 to $46.39 a barrel. Meanwhile, Brent oil for delivery in September fell 2.53% or 1.24 to hit $47.80 a barrel, while the August Gold contract rose 0.09% or 1.25 to trade at $1323.65 a troy ounce.

EUR/PLN was down 0.10% to 4.4514, while USD/PLN rose 0.74% to 4.0375.

The US Dollar Index was up 0.96% at 96.55.

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