Poland's benchmark large-cap index closed modestly lower on Friday, with the WIG30 down 0.09% at the Warsaw close. Broad sector weakness in Banking, Oil & Gas and Developers contributed to the small decline.
The strongest performers among the WIG30 were KGHM Polska Miedz SA (WA:KGH), which climbed 4.26% - a gain of 13.70 points - to finish at 335.50. Jastrzebska Spotka Weglowa SA (WA:JSW) added 2.30% or 0.61 points to end the session at 27.14. BUDIMEX SA (WA:BDXP) also posted a notable advance, rising 2.15% - up 17.00 points - to close at 807.00.
On the downside, Rainbow Tours SA (WA:RBW) slid 4.35%, dropping 7.20 points to a closing price of 158.30. CD PROJEKT SA (WA:CDR) declined 2.61% or 6.50 points to finish at 242.70. MODIVO SA (WA:MDVP) lost 1.86%, down 2.10 points to end the day at 110.90.
Market breadth on the Warsaw Stock Exchange tilted toward losers: 269 stocks fell compared with 252 that advanced, while 115 issues ended unchanged.
Two stocks recorded notable benchmark milestones during the session. Shares of BUDIMEX SA (WA:BDXP) pushed to an all-time high, with the closing price at 807.00 following the 2.15% rise. In contrast, MODIVO SA (WA:MDVP) moved to a 52-week low, closing at 110.90 after its 1.86% decline.
Commodities showed upward momentum on the day. Crude oil for April delivery increased 2.10%, or $1.37, to $66.58 a barrel. Brent oil for May delivery rose 2.15%, up $1.52, to $72.36 a barrel. The April Gold Futures contract gained 1.09%, an advance of 56.46, to trade at $5,250.66 a troy ounce.
Currency moves were muted. EUR/PLN was essentially flat, changing 0.04% to 4.22, while USD/PLN declined 0.18% to 3.57. The US Dollar Index Futures traded lower by 0.17% at 97.57.
Summary of market action:
- The WIG30 closed down 0.09% at the Warsaw session close.
- Top gainers included WA:KGH (+4.26%), WA:JSW (+2.30%) and WA:BDXP (+2.15%).
- Largest decliners included WA:RBW (-4.35%), WA:CDR (-2.61%) and WA:MDVP (-1.86%).
- Commodities were firmer with both crude grades and gold higher; FX moves were small.