Poland's equities finished lower on Monday, with the benchmark WIG30 index losing 1.72% at the close in Warsaw as selling pressure centered on Energy, Banking and Construction names.
At the market close, the WIG30 registered a retreat of 1.72% driven by widespread declines across multiple sectors. Declining issues outnumbered gainers by 332 to 225 on the Warsaw Stock Exchange, while 107 stocks finished unchanged.
Top performers
- Polski Koncern Naftowy ORLEN SA (WA:PKN) rose 1.93%, adding 2.74 points to finish at 144.50.
- Alior Bank SA (WA:ALRR) gained 0.44%, or 0.55 points, to close at 126.45.
- KGHM Polska Miedz SA (WA:KGH) ticked up 0.39%, a rise of 1.35 points, to end the session at 350.90.
Lagging names
- LPP SA (WA:LPPP) led losses on the WIG30, falling 4.69% or 1,060.00 points to close at 21,520.00.
- Cyfrowy Polsat SA (WA:CPS) dropped 4.45%, down 0.72 points to 15.45.
- Asseco Poland SA (WA:ACPP) declined 4.12%, losing 8.10 points to finish at 188.65.
Sector performance was notable for the pressure in Energy, Banking and Construction, which contributed materially to the broad market decline. The breadth figures underline the extent of selling interest across the exchange.
Commodities and FX moves
Commodities displayed mixed moves: crude oil for July delivery climbed 7.01%, up $6.12, to $93.48 a barrel. Brent oil for August delivery increased 6.11%, or $5.57, reaching $96.69 a barrel. By contrast, the August Gold Futures contract fell 1.87%, down $85.70, to trade at $4,507.30 a troy ounce.
In currency markets, EUR/PLN rose 0.22% to 4.24, while USD/PLN strengthened 0.50% to 3.64. The US Dollar Index Futures moved higher as well, up 0.34% to 99.19.
Overall, the session closed with a clear tilt toward losses across Warsaw's listed stocks, concurrent with rising crude benchmarks and a weaker zloty against major currencies. Individual winners were limited and largely concentrated among a few names, while several large-cap issues recorded notable declines.