Poland stocks lower at close of trade; WIG30 down 1.59%

Investing.com – Poland stocks were lower after the close on Monday, as losses in the Banking, Food and Information Technology sectors led shares lower.

At the close in Warsaw, the WIG30 declined 1.59%.

The best performers of the session on the WIG30 were Grupa KĘTY SA (WA:KTY), which rose 2.68% or 21.00 points to trade at 804.00 at the close. Meanwhile, BUDIMEX SA (WA:BDXP) added 2.41% or 14.00 points to end at 595.50 and PGE Polska Grupa Energetyczna SA (WA:PGE) was up 2.08% or 0.15 points to 7.17 in late trade.

The worst performers of the session were Powszechny Zaklad Ubezpieczen SA (WA:PZU), which fell 7.36% or 3.11 points to trade at 39.15 at the close. Powszechna Kasa Oszczednosci Bank Polski SA (WA:PKO) declined 2.38% or 1.36 points to end at 55.82 and Bank Polska Kasa Opieki SA (WA:PEO) was down 2.04% or 3.10 points to 148.85.

Falling stocks outnumbered advancing ones on the Warsaw Stock Exchange by 261 to 242 and 107 ended unchanged.

Shares in Powszechny Zaklad Ubezpieczen SA (WA:PZU) fell to 52-week lows; falling 7.36% or 3.11 to 39.15.

Crude oil for November delivery was up 1.34% or 0.91 to $68.66 a barrel. Elsewhere in commodities trading, Brent oil for delivery in November rose 1.17% or 0.84 to hit $72.45 a barrel, while the December Gold Futures contract fell 0.09% or 2.35 to trade at $2,608.35 a troy ounce.

EUR/PLN was unchanged 0.03% to 4.28, while USD/PLN fell 0.41% to 3.85.

The US Dollar Index Futures was down 0.32% at 100.46.