Polish equities ended the trading day in positive territory on Wednesday, driven by strength in Basic Materials, Construction and Banking names that lifted the broader market.
At the close in Warsaw the WIG30 index was up 2.92%.
The session's top mover on the WIG30 was KGHM Polska Miedz SA (WA:KGH), which surged 10.49% - a rise of 31.60 points - to finish at 332.85. Rainbow Tours SA (WA:RBW) also recorded strong gains, adding 6.31% or 8.50 points to end the day at 143.20. Banking heavyweight mBank SA (WA:MBK) rose 6.22% amid the late-session trade, finishing at 1,195.00 - an increase of 70.00 points.
Not all large-cap stocks moved higher. Jastrzebska Spotka Weglowa SA (WA:JSW) was the weakest performer in the group, falling 3.18% or 0.97 points to close at 29.57. Polski Koncern Naftowy ORLEN SA (WA:PKN) declined 2.26%, losing 3.26 points to settle at 141.00. Telecommunications group Orange Polska SA (WA:OPL) was down 1.02%, slipping 0.16 points to 15.45.
Market breadth on the Warsaw Stock Exchange favored advancers. Rising stocks outnumbered decliners by 323 to 233, while 111 issues were unchanged.
Commodities moved notably during the session. Crude oil for June delivery fell 7.44%, down $7.61 to trade at $94.66 a barrel. Brent for July delivery was lower by 7.67%, a drop of $8.43 to $101.44 a barrel. By contrast, the June Gold Futures contract rose 3.00% - gaining $137.21 - to trade at $4,705.71 a troy ounce.
Foreign exchange rates reflected modest moves against the zloty. The euro declined 0.22% versus the Polish zloty to 4.23 (EUR/PLN), while the U.S. dollar fell 0.76% to 3.60 (USD/PLN). The U.S. Dollar Index Futures was lower by 0.50%, trading at 97.82.
Intraday performers and commodity shifts illustrated a market day where sector rotation and external commodity price swings played a clear role in shaping outcomes. The WIG30's advance was led by raw-materials and construction-related names, with banking stocks also contributing to the upward move.