Stock Markets July 16, 2026 11:35 AM

Warsaw benchmark edges lower as basic materials, media and banks weigh on market

WIG30 closes down 0.24% as Zabka hits record highs while miners and lenders slide

By Nina Shah
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Poland's WIG30 benchmark fell 0.24% at the close on Thursday, pressured by losses in Basic Materials, Media and Banking stocks. Zabka Group led gains with a double-digit advance to an all-time high, while major miners and a lender recorded some of the largest declines. Market breadth favored decliners, and oil, gold and FX moves were modest.

Warsaw benchmark edges lower as basic materials, media and banks weigh on market
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Key Points

  • WIG30 closed down 0.24% as Basic Materials, Media and Banking sectors underperformed.
  • Zabka Group led gains with a 10.87% rise to 31.10, reaching an all-time high; BUDIMEX and Dino Polska also advanced.
  • KGHM, Alior Bank and JSW were among the largest decliners; market breadth showed 280 fallers, 230 risers and 119 unchanged.

Poland's stock market ended Thursday with a modest decline as sector-level weakness in Basic Materials, Media and Banking helped push the WIG30 lower. At the close in Warsaw the WIG30 slipped 0.24%.

On the blue-chip index, Zabka Group SA (WA:ZAB) stood out as the session's strongest performer, jumping 10.87% or 3.05 points to finish at 31.10. The advance in Zabka took the shares to an all-time high by the close. BUDIMEX SA (WA:BDXP) added 3.25% or 23.40 points to end at 744.00, while Dino Polska SA (WA:DNP) rose 3.08% or 0.88 points to 29.43.

Conversely, several large-cap names weighed on the market. KGHM Polska Miedz SA (WA:KGH) fell 3.32% or 10.40 points to close at 303.00. Alior Bank SA (WA:ALRR) declined 2.90% or 4.05 points to 135.45, and Jastrzebska Spotka Weglowa SA (WA:JSW) was down 2.84% or 0.76 points to 26.00.

Market breadth favored losers: on the Warsaw Stock Exchange 280 issues fell compared with 230 that advanced, and 119 were unchanged at the close.

Commodities saw modest moves. Crude oil for August delivery lost 0.19% or 0.15 to trade at $79.45 a barrel. Brent oil for September delivery dipped 0.16% or 0.14 to $84.81 a barrel. In metals, the August Gold Futures contract fell 0.81% or 32.75 to settle at $4,019.05 a troy ounce.

Currency trading showed slight moves against the zloty. The euro strengthened 0.32% versus the zloty to 4.33, while the U.S. dollar was up 0.49% against the zloty at 3.79. The U.S. Dollar Index Futures was higher by 0.23% at 100.51.


Context and market drivers

The day's price action was dominated by swings among individual large caps rather than a broad directional shift across all sectors. Gains in consumer-related names such as Zabka and Dino contrasted with declines among mining and banking stocks, contributing to the net negative close for the WIG30.

Intraday movers (selected)

  • Zabka Group SA (WA:ZAB) +10.87% to 31.10 (all-time high)
  • BUDIMEX SA (WA:BDXP) +3.25% to 744.00
  • Dino Polska SA (WA:DNP) +3.08% to 29.43
  • KGHM Polska Miedz SA (WA:KGH) -3.32% to 303.00
  • Alior Bank SA (WA:ALRR) -2.90% to 135.45
  • Jastrzebska Spotka Weglowa SA (WA:JSW) -2.84% to 26.00

The market closed with a larger number of decliners than advancers and a meaningful set of unchanged issues, indicating mixed participation across sectors.

Risks

  • Continued weakness in Basic Materials and Banking stocks could extend pressure on the WIG30 - impacts concentrated in mining and financial sectors.
  • Volatility in commodity prices, including crude oil and gold, may influence earnings and valuations for commodity-linked companies.
  • Exchange-rate movements in EUR/PLN and USD/PLN could affect exporters, importers and firms with FX-sensitive balance sheets.

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