Poland's equity market closed lower on Tuesday, with the WIG30 benchmark finishing the session down 1.84% in Warsaw. Losses in the Construction, Basic Materials and Banking sectors were the primary drivers pushing the index into negative territory.
On a stock-by-stock basis, Cyfrowy Polsat SA (WA:CPS) was the strongest performer on the WIG30, advancing 3.63% or 0.58 points to finish at 16.58. Alior Bank SA (WA:ALRR) also posted a gain, adding 0.34% or 0.40 points to end the day at 117.55. Tauron Polska Energia SA (WA:TPE) was marginally lower, slipping 0.12% or 0.01 points to 9.65 in late trade.
At the other end of the index, MODIVO SA (WA:MDVP) recorded the steepest drop, falling 4.09% or 3.12 points to close at 73.18. Pepco Group Nv (WA:PCOP) declined 3.56% or 1.13 points to 30.58, while Allegro (WA:ALEP) lost 3.03% or 0.90 points to finish at 28.80.
Decliners outnumbered advancers on the Warsaw Stock Exchange by 336 to 215, with 91 stocks unchanged at the close. MODIVO's shares fell to 52-week lows, finishing the session down 4.09% or 3.12 points at 73.18.
Commodity markets were mixed during the session. Crude oil for June delivery rose 3.53% or 3.46 to $101.53 a barrel, while Brent for July delivery added 3.34% or 3.48 to $107.69 a barrel. By contrast, the June Gold Futures contract traded lower, down 1.23% or 58.33 to $4,670.37 a troy ounce.
Currency moves showed the euro strengthening against the zloty, with EUR/PLN up 0.34% to 4.25. The dollar also gained versus the zloty, as USD/PLN rose 0.78% to 3.62. U.S. Dollar Index Futures were higher as well, trading up 0.47% at 98.28.
Market participants saw a broad-based pullback on the Polish mainboard, with individual winners and losers concentrated among the large-cap constituents and commodities exhibiting divergent performance during the session.