Stock Markets January 26, 2026

Polish Equities Close Higher as WIG30 Hits Record High

Basic Materials, Energy and Food sectors lead gains as benchmark index rises 1.72%

By Caleb Monroe
Polish Equities Close Higher as WIG30 Hits Record High

Poland's benchmark index WIG30 climbed 1.72% to a fresh all-time high at the close in Warsaw, driven by strength in Basic Materials, Energy and Food stocks. KGHM Polska Miedz SA led the index with an 8.38% gain and new record share price, while several names on the WSE registered declines. Commodity and currency markets showed modest moves alongside the equity gains.

Key Points

  • WIG30 rose 1.72% to a new all-time high at the close in Warsaw, driven by gains in Basic Materials, Energy and Food sectors.
  • KGHM Polska Miedz SA led the index with an 8.38% increase to 355.80, reaching an all-time high; Enea and Tauron also posted notable gains.
  • Market breadth was negative overall with 306 decliners, 256 advancers and 82 unchanged, while crude, Brent and gold showed mixed moves.

Poland's equity market finished higher on Monday, with the WIG30 benchmark advancing 1.72% to close at a new all-time peak. The session's momentum was concentrated in Basic Materials, Energy and Food stocks, which collectively pushed the index upward into record territory.

The top performers on the WIG30 were led by KGHM Polska Miedz SA, which climbed 8.38% or 27.50 points to finish at 355.80, marking an all-time high for the companys shares. Energy names also contributed to the rally: Enea SA gained 5.87% or 1.22 points to end at 22.00, while Tauron Polska Energia SA rose 4.95% or 0.49 points to close at 10.39.

Not all blue-chips advanced. The sessions laggards included Cyfrowy Polsat SA, down 2.13% or 0.28 points to 13.09 at the close. CCC SA declined 1.92% or 2.50 points to 128.00, and X Trade Brokers Dom Maklerski SA closed 1.70% or 1.32 points lower at 76.10.

Market breadth on the Warsaw Stock Exchange showed more decliners than advancers: 306 stocks fell versus 256 that rose, and 82 finished unchanged. That divergence indicates firm gains in benchmark components were concentrated rather than widespread across all listed names.

Commodities trading showed mixed movement during the session. Crude oil for March delivery was down 0.38% or 0.23 to trade at $60.84 a barrel. Brent oil for April delivery fell 0.26% or 0.17 to $64.90 a barrel. Precious metals differed from energy, with the April Gold Futures contract rising 1.77% or 88.69 to trade at $5,105.69 a troy ounce.

Currency markets accompanying the equity session were relatively stable. EUR/PLN was unchanged at 4.20, while USD/PLN declined 0.48% to 3.54. The US Dollar Index Futures moved lower, down 0.63% at 96.79.


Overall, Mondays session brought a clear advance for the headline index, paced by strong moves in select Basic Materials and Energy stocks that lifted the WIG30 to a new record close. At the same time, a greater number of individual listings ended the day lower, underscoring a degree of concentration in the sessions gains.

Risks

  • Market breadth was negative despite the headline index gain - gains were concentrated among key components which may imply uneven market participation, impacting overall market stability.
  • Energy and Basic Materials stocks were significant contributors to the rally; volatility in commodity prices could affect these sectors' future performance.
  • Currency and commodity swings, although modest in the session, could introduce uncertainty for exporters and importers exposed to EUR/PLN, USD/PLN, oil and gold movements.

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