Stock Markets May 25, 2026 11:35 AM

Warsaw equities climb as WIG30 posts 2.22% gain to record high

Energy, basic materials and chemicals lead advance as oil retreats and gold rises

By Marcus Reed

Poland's benchmark WIG30 rose 2.22% at Monday's close, reaching a fresh record as gains in the Chemicals, Energy and Basic Materials sectors pushed the index higher. Market breadth was positive with 290 stocks advancing versus 260 decliners. Oil prices fell sharply while gold futures and selected Polish equities posted notable moves.

Warsaw equities climb as WIG30 posts 2.22% gain to record high

Key Points

  • WIG30 rose 2.22% at Monday's close, reaching a new all-time high.
  • Chemicals, Energy and Basic Materials were the leading sectors, with JSW, LPP and Enea among the top gainers.
  • Crude oil prices fell sharply while August gold futures rose; EUR/PLN remained near 4.23 and USD/PLN weakened to 3.63.

Poland's stock market finished higher on Monday, with the WIG30 advancing 2.22% at the Warsaw close to register an all-time high. Sector strength was concentrated in Chemicals, Energy and Basic Materials, which collectively helped lift share prices across the exchange.

The day's strongest performers on the WIG30 included Jastrzebska Spotka Weglowa SA (WA:JSW), which climbed 7.52% - a rise of 1.98 points to close at 28.30. LPP SA (WA:LPPP) added 5.14%, gaining 1,100.00 points to finish at 22,480.00, while Enea SA (WA:ENAE) rose 4.64%, up 0.94 points to 21.20 at the close.

At the other end of the index, moves were comparatively small. MODIVO SA (WA:MDVP) slipped 0.12%, down 0.10 points to 81.70, CD PROJEKT SA (WA:CDR) eased 0.08% or 0.20 points to end at 255.80, and Polski Koncern Naftowy ORLEN SA (WA:PKN) finished 0.07% lower, a decline of 0.10 points to 143.24.

Market breadth on the Warsaw Stock Exchange showed more advancing issues than decliners: 290 stocks gained versus 260 that fell, and 95 securities were unchanged at the close.

Commodity markets registered notable activity alongside the equity move. Crude oil for July delivery dropped 5.87% or 5.67 to trade at $90.93 a barrel. Brent oil for August delivery fell 5.56% or 5.57 to $94.64 a barrel. By contrast, the August Gold Futures contract rose 1.07% or 48.90 to trade at $4,605.30 a troy ounce.

Foreign exchange rates showed modest movement. EUR/PLN was essentially flat, recorded at 4.23 with a 0.07% notation, while USD/PLN declined 0.43% to 3.63. The US Dollar Index Futures was lower, down 0.28% to 98.90.

The session's price action reflected a market propelled by select sector leadership even as commodity prices diverged, with crude oil seeing broad weakness and precious metals ticking higher. Trading concluded with the WIG30 at a new peak, supported by sharp gains in several large-cap names within energy and materials.

Risks

  • Significant declines in crude oil prices - as reported with July crude down 5.87% and Brent down 5.56% - could create volatility in the Energy sector.
  • Divergent commodity moves and mixed stock performance across the exchange - despite broad gains there were still 260 decliners - signal potential uneven sector-level risk for investors.
  • Currency swings, such as the 0.43% fall in USD/PLN, may affect companies with exposure to foreign-currency costs or revenues.

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