Poland's main equity gauge ended the trading week in positive territory as sector advances drove the benchmark to a fresh one-month high.
Market close overview
At the close in Warsaw, the WIG30 added 1.35% and recorded a new one-month high. The session was led by strength in the Basic Materials, Developers and Banking sectors, which together supported the broader market rise.
Top and bottom movers
The strongest performer on the WIG30 was MODIVO SA (WA:MDVP), which climbed 6.15% - an increase of 4.74 points - to finish at 81.80. Pepco Group Nv (WA:PCOP) also posted a robust gain, advancing 5.06% or 1.62 points to close at 33.62. Allegro (WA:ALEP) rose 3.15%, gaining 1.02 points to end the session at 33.62.
On the downside, BUDIMEX SA (WA:BDXP) was the weakest, falling 1.86% or 13.00 points to settle at 687.00. Tauron Polska Energia SA (WA:TPE) declined 1.42%, a drop of 0.13 points to 9.19, while Cyfrowy Polsat SA (WA:CPS) slipped 1.41% or 0.24 points to close at 16.40.
Market breadth and milestones
Advancing issues outnumbered decliners on the Warsaw Stock Exchange by 288 to 255, while 110 stocks finished unchanged. Pepco Group Nv reached a 52-week high in the session, rising 5.06% or 1.62 to finish at 33.62.
Commodities and currencies
In commodity markets, crude oil for July delivery increased 0.88% or 0.85 to trade at $97.20 a barrel. Brent crude for July delivery rose 1.14% or 1.17 to $103.75 a barrel. The June Gold Futures contract fell 0.50% or 22.91 to trade at $4,519.59 a troy ounce.
On the foreign exchange front, EUR/PLN was essentially unchanged with a 0.04% move to 4.24, while USD/PLN edged higher by 0.20% to 3.65. The US Dollar Index Futures was up 0.18% at 99.28.
Session takeaway
The positive session for Polish equities was supported by sector-specific gains and a favorable number of advancing issues. Commodities and currency moves provided additional context for market participants, with oil prices higher and gold lower at the close.