Warsaw equities closed with modest gains on Tuesday, led by strength in Basic Materials, Construction and Oil & Gas sectors that helped lift the large-cap WIG30 index. At the close, the WIG30 was up 0.73%.
Among WIG30 constituents, Kruk SA (WA:KRU) delivered the strongest performance, finishing 4.43% higher, adding 17.90 points to close at 422.20. BUDIMEX SA (WA:BDXP) followed, climbing 4.21% or 29.80 points to 737.20, while Cyfrowy Polsat SA (WA:CPS) rose 3.60%, an increase of 0.53 points to finish at 15.13.
Not all large caps advanced. Dino Polska SA (WA:DNP) was the session's weakest on the WIG30, sliding 3.01% or 0.88 points to 28.40 at the close; the share price was noted as reaching three-year lows. Pepco Group Nv (WA:PCOP) fell 2.15%, down 0.80 points to 36.33, and Alior Bank SA (WA:ALRR) declined 1.66% or 2.20 points to finish at 130.00.
Market breadth in Warsaw was narrowly positive, with 257 advancers versus 248 decliners and 129 stocks unchanged by the close.
Energy and commodity markets were mixed. Crude oil for August delivery slipped 1.03% or $0.73 to trade at $70.02 a barrel. Brent oil for September delivery eased 0.45% or $0.33, settling at $73.58 a barrel. In precious metals, the August Gold Futures contract ticked up 0.15% or $6.10 to trade at $4,045.00 a troy ounce.
Foreign exchange moves saw the euro strengthen 0.34% against the zloty to 4.30 EUR/PLN, while the US dollar rose 0.33% to 3.76 USD/PLN. The US Dollar Index Futures was also slightly higher, up 0.07% at 100.94.
Market snapshot
- WIG30: +0.73%
- Top gainers: Kruk SA (WA:KRU) +4.43%, BUDIMEX SA (WA:BDXP) +4.21%, Cyfrowy Polsat SA (WA:CPS) +3.60%
- Top decliners: Dino Polska SA (WA:DNP) -3.01%, Pepco Group Nv (WA:PCOP) -2.15%, Alior Bank SA (WA:ALRR) -1.66%
- Commodities: Brent -0.45% to $73.58/bbl; WTI -1.03% to $70.02/bbl; Gold +0.15% to $4,045.00/oz
- FX: EUR/PLN +0.34% to 4.30; USD/PLN +0.33% to 3.76
The balance of advancing versus declining issues and the outsized moves in select names underscore a mixed market tone despite the headline gain in the WIG30. Several sectors, particularly Basic Materials, Construction and Oil & Gas, provided the primary upward pressure on the benchmark, while individual stocks in the retail and banking corners weighed on the index.