Warsaw, close of trade - Poland's equity market finished lower on Wednesday, with the main WIG30 index slipping 1.01% by the close in Warsaw. Sector declines in Basic Materials, Chemicals and Construction were the primary contributors to the downward move.
The session's strongest performers on the WIG30 included Rainbow Tours SA (WA:RBW), which advanced 0.71% - gaining 1.00 point to finish at 141.00. Zabka Group SA (WA:ZAB) ended up 0.52%, adding 0.13 points to close at 25.04, and Kruk SA (WA:KRU) rose 0.51%, or 2.00 points, to 397.50 in late trade.
On the downside, Jastrzebska Spotka Weglowa SA (WA:JSW) was the session's largest decliner, falling 6.10% - a drop of 1.74 points to 26.80 at the close. PGE Polska Grupa Energetyczna SA (WA:PGE) lost 3.19%, down 0.32 points to 9.71, while Grupa KĘTY SA (WA:KTY) declined 2.89%, or 35.00 points, to 1,174.00.
Market breadth favored losers: 348 stocks fell on the Warsaw Stock Exchange, 182 advanced and 98 finished unchanged.
Commodities moved notably during the session. Crude oil for July delivery rose 1.45% - up 1.28 to trade at $89.48 per barrel. Brent for August delivery increased 1.19%, up 1.09 to $92.54 a barrel. By contrast, the August Gold Futures contract declined 3.16%, falling 135.45 to trade at $4,150.95 per troy ounce.
Currency markets showed modest zloty weakness versus major currencies. EUR/PLN was up 0.25% at 4.25, while USD/PLN rose 0.15% to 3.68. The US Dollar Index Futures moved slightly lower, down 0.02% to 99.87.
Investment note included in the session coverage - A brief investment promotion accompanied the market summary, asking whether a $2,000 investment in PGE would be appropriate and describing ProPicks AI as a tool that evaluates PGE alongside thousands of other companies using more than 100 financial metrics. The description stated that the AI assesses fundamentals, momentum and valuation to identify stocks with favorable risk-reward profiles and cited past winners in its strategies. Readers were invited to see more stocks and to check whether PGE was included in any ProPicks AI strategies.
The trading day closed with the benchmark index lower and assorted moves across commodities and currencies that accompanied the equity weakness.