Stock Markets June 3, 2026 11:35 AM

Warsaw Market Inches Up as Oil & Gas, Construction and IT Stocks Lead Gains

WIG30 closes modestly higher as select blue-chips outperform while decliners outnumber advancers

By Nina Shah

Poland's WIG30 index closed up 0.22% with Oil & Gas, Construction and Information Technology among the strongest sectors. XTB, Budimex and Asseco Poland were the top performers, while KGHM, Modivo and Orange Polska weighed on the index. Commodity and currency moves were notable at the close, with crude and Brent oil higher and gold lower.

Warsaw Market Inches Up as Oil & Gas, Construction and IT Stocks Lead Gains

Key Points

  • WIG30 closed up 0.22% driven by gains in Oil & Gas, Construction and Information Technology sectors.
  • Top individual performers included XTB (+2.92%), Budimex (+2.04%) and Asseco Poland (+1.97%); laggards included KGHM (-1.70%), Modivo (-1.66%) and Orange Polska (-1.38%).
  • Commodity and currency moves were significant at the close - crude and Brent oil rose while gold fell; EUR/PLN and USD/PLN both increased.

Polish equities finished the trading day higher on Wednesday, with gains concentrated in Oil & Gas, Construction and Information Technology stocks that helped lift the main benchmark.

At the Warsaw close, the WIG30 rose 0.22%.

Among the strongest names on the WIG30 were X Trade Brokers Dom Maklerski SA (WA:XTB), which advanced 2.92% - gaining 3.00 points to finish at 105.82. Budimex SA (WA:BDXP) added 2.04%, a 13.40-point increase that took the share price to 670.00. Asseco Poland SA (WA:ACPP) climbed 1.97%, up 3.70 points to end the session at 191.80.

Not all large-cap stocks participated in the rally. KGHM Polska Miedz SA (WA:KGH) was the weakest WIG30 constituent, slipping 1.70%, or 6.40 points, to 370.10 at the close. MODIVO SA (WA:MDVP) fell 1.66%, a 1.32-point decline to 78.06, and Orange Polska SA (WA:OPL) dropped 1.38%, down 0.22 points to finish at 15.70.

Market breadth at the Warsaw Stock Exchange showed more decliners than advancers, with 298 stocks down versus 231 up; 99 issues ended unchanged.


Commodities movements were notable alongside equity action. Crude oil for July delivery rose 2.07%, an increase of $1.94, to settle at $95.70 a barrel. Brent for August delivery gained 1.75%, or $1.68, reaching $97.68 a barrel. In contrast, the August Gold Futures contract posted a 1.12% decline - down $50.83 - to trade at $4,469.07 a troy ounce.

Currency pairs reflected modest moves against the zloty. EUR/PLN increased 0.25% to 4.24, while USD/PLN rose 0.43% to 3.65. The US Dollar Index Futures was up 0.22% at 99.40.

The session's price action highlights pockets of strength within the Polish market led by energy-related names and selected industrial and IT companies, while several large-cap stocks finished lower amid mixed breadth and shifting commodity and currency prices.

Risks

  • Market breadth was negative with 298 decliners versus 231 advancers, indicating uneven participation across sectors - this affects the broader equity market.
  • Volatility in commodity prices, evidenced by notable moves in crude and Brent oil as well as gold, introduces uncertainty for Oil & Gas and related sectors.
  • Currency fluctuations - EUR/PLN and USD/PLN both moved higher - pose risks to exporters and import-dependent companies in Poland.

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