Poland's equity market closed lower on Thursday, with the WIG30 easing 0.31% as losses in the Basic Materials, Construction and Energy sectors pushed the index down at the end of trading in Warsaw.
At the close, the headline WIG30 index was down 0.31%.
Top movers
Among the WIG30 constituents, Orange Polska SA (WA:OPL) was the session's strongest performer, advancing 4.05% or 0.55 points to finish at 14.00. Jastrzebska Spotka Weglowa SA (WA:JSW) gained 3.60% or 1.04 points to end at 29.90, while Polski Koncern Naftowy ORLEN SA (WA:PKN) rose 1.61% or 1.90 points to close at 119.70.
Lagging names
The weakest performers included KGHM Polska Miedz SA (WA:KGH), which fell 4.57% or 14.20 points to 296.50 at the close. MODIVO SA (WA:MDVP) dropped 2.83% or 3.00 points to 103.00, and Pepco Group Nv (WA:PCOP) declined 2.82% or 0.77 points to 26.50.
Market breadth
On the Warsaw Stock Exchange, advancing issues narrowly outnumbered decliners, with 272 stocks rising versus 258 falling. One hundred securities finished unchanged.
Notably, shares of MODIVO SA (WA:MDVP) slid to 52-week lows, down 2.83% or 3.00 to 103.00.
Commodities and fixed income signals
Commodity markets showed divergent moves during the session. Crude oil for April delivery climbed 6.16% or 4.60 to $79.26 a barrel. Brent oil for May delivery increased 3.86% or 3.14 to $84.54 a barrel. By contrast, the April Gold Futures contract fell 1.26% or 64.69 to trade at $5,070.01 a troy ounce.
Foreign exchange and dollar strength
Currency markets registered firming of the US dollar against the zloty and euro. EUR/PLN rose 0.39% to 4.28, while USD/PLN increased 0.94% to 3.70. The US Dollar Index Futures was up 0.59% at 99.32.
Overall, the session saw a modest decline for the WIG30 despite pockets of strength among select telecommunications, mining and energy names. Commodity and currency moves were prominent features of the trading day, with crude oil registering a substantial gain while gold reversed lower.