Poland's equity market finished in positive territory on Monday, with the blue-chip WIG30 index rising 0.15% to reach a new record high at the close in Warsaw.
Sector contributors included Oil & Gas, Chemicals and Information Technology, which underpinned the modest advance in the headline index.
On the WIG30, the session's top gainer was Jastrzebska Spotka Weglowa SA (WA:JSW), which climbed 5.10%, adding 1.28 points to finish at 26.40. Orange Polska SA (WA:OPL) also posted a strong performance, up 3.18% or 0.45 points, to close at 14.60. Polski Koncern Naftowy ORLEN SA (WA:PKN) gained 2.92%, equal to a 4.08-point increase, ending the day at 144.00.
Not all components advanced. MODIVO SA (WA:MDVP) was the weakest on the WIG30, sliding 1.51% or 1.50 points to a close of 98.00. KGHM Polska Miedz SA (WA:KGH) declined 1.13%, a 3.50-point drop to 305.45, while X Trade Brokers Dom Maklerski SA (WA:XTB) fell 0.97% or 1.26 points to finish at 128.14.
Market breadth was negative at the Warsaw Stock Exchange: falling shares outnumbered advancing issues by 301 to 247, with a further 102 stocks unchanged at the close.
Commodity markets showed notable moves during the session. Crude oil for August delivery rose 4.48%, gaining 3.20 to trade at 74.61 dollars a barrel. Brent oil for September delivery climbed 4.39%, up 3.34 to 79.35 dollars a barrel. By contrast, the August Gold Futures contract eased 2.21%, a drop of 91.05, to trade at 4,022.65 dollars a troy ounce.
In foreign exchange trading, EUR/PLN strengthened by 0.20% to 4.33, while USD/PLN increased 0.34% to 3.80. The US Dollar Index Futures was up 0.20%, standing at 100.96 at the close.
Market takeaway: The WIG30's small gain and fresh record close were supported by energy and technology-related names, even as a larger number of stocks fell. Commodity price swings were pronounced, with crude and Brent showing solid gains while gold moved lower.