Poland's equity market closed in negative territory on Tuesday, with the benchmark WIG30 registering a 0.66% decline at the end of trading in Warsaw. Losses across the Basic Materials, Energy and Chemicals sectors were cited among the principal drivers of the downward pressure on the index.
On the WIG30, the session's strongest performer was Cyfrowy Polsat SA (WA:CPS), which climbed 5.33% - an increase of 0.65 points - to finish at 12.75. Apparel and retail group LPP SA (WA:LPPP) also posted gains, advancing 1.59% or 380.00 points to close at 24,280.00, while construction firm BUDIMEX SA (WA:BDXP) rose 1.46%, adding 10.60 points to reach 734.60 by the end of trading.
At the other end of the WIG30, MODIVO SA (WA:MDVP) led decliners after falling 6.68%, a drop of 6.32 points to 88.32 at the close. Miners KGHM Polska Miedz SA (WA:KGH) slipped 4.41%, down 14.80 points to 320.55, and mBank SA (WA:MBK) retreated 2.91%, losing 36.50 points to end the session at 1,216.50.
Market breadth on the Warsaw Stock Exchange showed more falling issues than rising ones, with 321 stocks lower compared with 229 advancers and 101 that finished unchanged.
Shares in LPP SA (WA:LPPP) reached a fresh all-time high during the session, climbing 1.59% or 380.00 points to close at 24,280.00.
Commodities markets moved alongside equities. Crude oil for June delivery gained 2.84% - up 2.48 - to trade at $89.90 a barrel. Brent crude for June delivery rose 2.73%, increasing by 2.61 to $98.09 a barrel. Precious metals moved differently: the June Gold Futures contract fell 1.40%, down 67.81 to trade at $4,760.99 per troy ounce.
Currency rates showed modest shifts. The euro rose against the zloty, with EUR/PLN up 0.22% to 4.24, and the dollar also strengthened versus the zloty, with USD/PLN higher by 0.55% at 3.61. The US Dollar Index Futures was up 0.27% at 98.18.
Market context note: The WIG30 decline was broad-based by sector, led by Basic Materials, Energy and Chemicals, while individual large-cap winners limited the index's fall.