Poland's equity market finished the Thursday session with losses, the WIG30 shedding 1.44% at the close in Warsaw as three sectors - Basic Materials, Oil & Gas and Information Technology - contributed to downward pressure.
Among the WIG30 constituents, MODIVO SA (WA:MDVP) was the top performer, advancing 3.89% - a gain of 3.54 points - to finish at 94.54. Cyfrowy Polsat SA (WA:CPS) followed, rising 3.36% or 0.50 points to close at 15.37. Orange Polska SA (WA:OPL) also posted gains, up 1.83% or 0.28 points to 15.58 at the close.
On the downside, Asseco Poland SA (WA:ACPP) recorded the largest drop on the WIG30, falling 5.11% - a decline of 9.35 points - to end at 173.65. Major industrial miner KGHM Polska Miedz SA (WA:KGH) declined 4.52%, a loss of 17.70 points, to close at 374.30. Alior Bank SA (WA:ALRR) was also weaker, down 3.50% or 4.90 points to 135.00.
Market breadth on the Warsaw Stock Exchange favored losers, with 308 stocks closing lower versus 227 advancing. A further 97 issues finished unchanged.
Commodities and currencies
Energy and metals markets moved lower in the session. Crude oil for July delivery slipped 2.96% - down $2.27 - to $74.52 a barrel. Brent oil for August delivery fell 2.74% or $2.18 to $77.37 a barrel. Precious metals also retreated, with the August Gold Futures contract down 2.96%, a drop of $129.50, to trade at $4,251.90 a troy ounce.
Currency pairs showed modest moves against the zloty. The euro strengthened 0.41% versus the Polish zloty to 4.26 EUR/PLN, while the U.S. dollar climbed 0.63% to 3.71 USD/PLN. The U.S. Dollar Index Futures was higher, up 0.56% at 100.43.
Close
Thursday's session ended with the WIG30 lower by 1.44%, led by weakness in basic materials, oil and gas, and information technology names. While a handful of large-cap stocks posted gains, the broader market skewed toward declines and commodity prices were notably softer.