Stock Markets March 31, 2026

Warsaw market closes higher as WIG30 gains 1.77% led by media and materials names

Broad-based advance in Poland’s large-cap index; commodity and FX moves noted in afternoon trade

By Priya Menon
Warsaw market closes higher as WIG30 gains 1.77% led by media and materials names

Poland's WIG30 index closed up 1.77% after trading on Tuesday, with the Media, Basic Materials and Chemicals sectors among the notable drivers. Synektik, MODIVO SA and Tauron Polska Energia led the index's gains, while Orange Polska and other large caps registered only modest moves. Commodity and currency markets showed mixed activity alongside the equity rally.

Key Points

  • WIG30 closed up 1.77% with Media, Basic Materials and Chemicals sectors contributing to the advance.
  • Top WIG30 gainers were Synektik (WA:SNTP), MODIVO SA (WA:MDVP) and Tauron Polska Energia SA (WA:TPE); several large caps recorded only small gains.
  • Commodity and FX markets were mixed - crude futures and gold rose while Brent eased; EUR/PLN was steady and USD/PLN declined.

Poland's benchmark large-cap gauge finished higher on Tuesday, with the WIG30 rising 1.77% at the Warsaw close. Gains were concentrated in companies tied to the Media, Basic Materials and Chemicals sectors, helping push the index into positive territory.

Among WIG30 constituents, Synektik (WA:SNTP) was the session's top performer, advancing 7.40%, or 20.20 points, to settle at 293.20. MODIVO SA (WA:MDVP) also posted a strong showing, adding 5.88% or 5.22 points to close at 94.00. Energy group Tauron Polska Energia SA (WA:TPE) climbed 3.27%, gaining 0.32 points to finish at 10.27.

Several large-cap names moved only marginally. Orange Polska SA (WA:OPL) rose 0.07% or 0.01 points to end at 14.16, while PGE Polska Grupa Energetyczna SA (WA:PGE) added 0.19% or 0.02 points to 10.53. Jastrzebska Spotka Weglowa SA (WA:JSW) increased 0.32% or 0.11 points to 34.46.

Market breadth favored advancers: 355 stocks advanced on the Warsaw Stock Exchange versus 185 that declined, and 97 issues finished unchanged. Notably, shares of Orange Polska reached five-year highs, closing at 14.16 after the small intraday gain.

Commodity markets showed diverging moves during the session. Crude oil for May delivery rose 1.43%, or $1.47, to $104.35 a barrel. By contrast, Brent futures for June delivery slipped 0.11%, or $0.12, to $107.27 a barrel. Precious metals moved higher as the June Gold Futures contract gained 1.95%, or $88.95, to trade at $4,646.45 a troy ounce.

Currency trading was mixed alongside the equity gains. The euro-to-zloty rate (EUR/PLN) was essentially unchanged, listed at 4.29 (a 0.09% move in the session), while the dollar-to-zloty rate (USD/PLN) fell 0.39% to 3.73. The US Dollar Index Futures retreated 0.38% to 99.97.


These price moves reflected a day in which large-cap Polish equities broadly advanced, even as commodity and currency markets showed both upward and downward pressure in different instruments.

Risks

  • Volatility in oil and other commodity prices could affect energy and materials sector performance, as reflected by movements in crude and Brent futures.
  • Currency fluctuations - the EUR/PLN and USD/PLN moves recorded during the session - introduce uncertainty for exporters and importers and can influence corporate earnings in affected sectors.
  • Narrow magnitude of gains among some large caps suggests uneven market participation, which could expose the broader rally to swings if sentiment shifts.

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