Poland stocks lower at close of trade; WIG30 down 2.45%

Poland stocks were lower after the close on Tuesday, as losses in the Basic Materials, Banking and Energy sectors led shares lower.

At the close in Warsaw, the WIG30 lost 2.45%.

The best performers of the session on the WIG30 were Globe Trade Centre SA , which rose 0.71% or 0.05 points to trade at 7.10 at the close. Meanwhile, Lubelski Wegiel Bogdanka SA  added 0.13% or 0.05 points to end at 37.30 and Eurocash SA  was down 0.09% or 0.05 points to 53.95 in late trade.

The worst performers of the session were Bank Handlowy w Warszawie SA , which fell 3.70% or 3.30 points to trade at 85.85 at the close. Bank Zachodni WBK SA  declined 3.35% or 10.25 points to end at 295.55 and KGHM Polska Miedz SA  was down 3.32% or 2.42 points to 70.52.

Falling stocks outnumbered advancing ones on the Warsaw Stock Exchange by 346 to 164 and 172 ended unchanged.

Crude oil for May delivery was up 0.17% or 0.06 to $35.76 a barrel. Elsewhere in commodities trading, Brent oil for delivery in June rose 0.13% or 0.05 to hit $37.74 a barrel, while the June Gold contract rose 0.89% or 10.80 to trade at $1230.10 a troy ounce.

EUR/PLN was up 0.49% to 4.2632, while USD/PLN rose 0.53% to 3.7441.

The US Dollar Index was up 0.02% at 94.61.

Poland stocks lower at close of trade; WIG30 down 2.45%