Poland's equities finished the trading day in negative territory on Wednesday as sector-level declines pushed the market lower. At the close in Warsaw, the WIG30 index had slipped 0.29%.
Sector pressure came primarily from Basic Materials, Construction and Information Technology, which together contributed to the overall downward bias in stocks.
Leading winners
Among the WIG30 constituents, Polski Koncern Naftowy ORLEN SA (PKN) was the strongest performer, rising 3.51% - an increase of 4.74 points - to end the session at 139.96. X Trade Brokers Dom Maklerski SA (XTB) advanced 2.11% or 2.56 points to close at 124.00, and Synektik (SNTP) added 1.43% or 5.40 points to finish at 381.80.
Largest declines
KGHM Polska Miedz SA (KGH) recorded the steepest drop among WIG30 names, falling 6.69% - a decrease of 21.35 points - to close at 297.70. BUDIMEX SA (BDXP) declined 3.70% or 27.00 points to 702.00, and Rainbow Tours SA (RBW) fell 3.66% or 5.20 points to finish at 137.00.
On the Warsaw Stock Exchange overall, falling issues outnumbered advancing ones by 338 to 193, while 114 stocks finished unchanged.
Shares of X Trade Brokers Dom Maklerski SA reached an all-time high in the session, closing at 124.00 after gaining 2.11%. Synektik also hit an all-time high, rising 1.43% to finish at 381.80.
Commodities and FX moves
Commodities saw notable moves: crude oil for August delivery rose 7.57% or 5.33 to trade at $75.77 a barrel. Brent oil for September delivery climbed 8.09% or 6.00 to $80.16 a barrel. By contrast, the August Gold Futures contract fell 2.93% or 121.93 to trade at $4,035.47 a troy ounce.
On the currency front, EUR/PLN was up 0.33% at 4.31, while USD/PLN rose 0.45% to 3.78. The US Dollar Index Futures increased 0.23% to 101.01.
Market snapshot
- WIG30: -0.29% at close
- Top gainers on WIG30: PKN +3.51%, XTB +2.11%, SNTP +1.43%
- Top losers on WIG30: KGH -6.69%, BDXP -3.70%, RBW -3.66%
- Crude (Aug) +7.57% to $75.77; Brent (Sep) +8.09% to $80.16; Gold (Aug) -2.93% to $4,035.47
- EUR/PLN +0.33% to 4.31; USD/PLN +0.45% to 3.78; US Dollar Index Futures +0.23% to 101.01
This trading day featured mixed results across individual names and pronounced moves in commodity markets. The breadth of declines on the exchange reflected more stocks falling than rising at the close.