Poland's equity market closed higher on Tuesday, with the WIG30 index finishing up 1.77% and registering a new all-time high. Gains were concentrated in companies tied to Basic Materials, Energy and Information Technology, which helped push the benchmark higher by the end of the trading session in Warsaw.
Top performers
- KGHM Polska Miedz SA (KGH) led the WIG30 risers, climbing 8.37% - a 26.20-point increase - to finish the day at 339.05.
- PGE Polska Grupa Energetyczna SA (PGE) gained 6.13%, or 0.64 points, closing at 11.09.
- mBank SA (MBK) rose 5.73% - up 78.50 points - to 1,448.50 at the close.
Lagging names
- Dino Polska SA (DNP) was the weakest on the WIG30, sliding 1.42% or 0.46 points to end at 32.00.
- Polski Koncern Naftowy ORLEN SA (PKN) fell 1.34%, down 2.00 points, to close at 147.00.
- Cyfrowy Polsat SA (CPS) dipped 0.29% or 0.05 points to finish at 17.00.
Market breadth and participation
On the Warsaw Stock Exchange, advancing issues outnumbered decliners by 325 to 220, while 91 stocks finished unchanged, indicating broad-based buying pressure at the session's end.
Commodities and currencies
- Crude oil for September delivery fell 5.43% - a drop of $4.36 - to trade at $75.98 per barrel at settlement.
- Brent oil for October delivery lost 4.88% or $4.09 to reach $79.68 a barrel.
- The December Gold Futures contract rose 1.06%, gaining $43.45 to trade at $4,133.95 per troy ounce.
- EUR/PLN moved down 0.27% to 4.30, while USD/PLN declined 0.36% to 3.73.
- The US Dollar Index Futures was up marginally, trading 0.04% higher at 99.82.
Overall, the session combined strong equity demand in specific sectors with notable weakness in global oil prices. The WIG30's record closing level reflected concentrated gains among major mining, energy and banking stocks.
Data points referenced in this report reflect closing prices and session moves as reported at the Warsaw market close.