Stock Markets May 4, 2026 11:35 AM

Warsaw Session Ends Modestly Higher as Tech, Energy and Chemicals Advance

WIG30 posts slight gain; ORLEN reaches new peak amid stronger oil prices

By Derek Hwang CPS
Warsaw Session Ends Modestly Higher as Tech, Energy and Chemicals Advance
CPS

Poland's main index closed modestly higher, led by gains in Information Technology, Oil & Gas and Chemicals. WIG30 rose 0.17% at the close, with Asseco Poland and Cyfrowy Polsat among the top advancers while CD PROJEKT, XTB and KGHM paced declines. Crude benchmarks strengthened and the zloty weakened versus the euro and dollar.

Key Points

  • WIG30 closed up 0.17% as Information Technology, Oil & Gas and Chemicals led gains.
  • Asseco Poland (ACPP) was the top gainer on the WIG30, rising 8.84%; ORLEN (PKN) reached an all-time high after a 3.82% advance.
  • CD PROJEKT (CDR), XTB and KGHM (KGH) were notable decliners, weighing on broader index performance.

Poland's stock market finished the session in positive territory on Monday, with the WIG30 edging up 0.17% at the close in Warsaw. Advances in Information Technology, Oil & Gas and Chemicals underpinned the move higher.


Among the WIG30 constituents, Asseco Poland SA (WA:ACPP) led gains, jumping 8.84% - an increase of 16.10 points - to finish at 198.15. Cyfrowy Polsat SA (WA:CPS) climbed 4.10%, adding 0.62 points to close at 15.62. Polski Koncern Naftowy ORLEN SA (WA:PKN) also advanced, rising 3.82% or 5.08 points to end the day at 138.00. Notably, the share price for ORLEN reached an all-time high during the session.

On the downside, CD PROJEKT SA (WA:CDR) was the heaviest decliner on the index, dropping 4.14% or 11.40 points to 264.20 at the close. X Trade Brokers Dom Maklerski SA (WA:XTB) fell 2.94%, losing 3.00 points to finish at 99.00, while KGHM Polska Miedz SA (WA:KGH) declined 2.71% or 8.20 points to 294.60.


Market breadth was mixed: rising issues outnumbered falling ones by 290 to 274 on the Warsaw Stock Exchange, while 98 stocks finished flat.

Commodities traded with notable moves that corresponded with activity in energy-related names. Crude oil for June delivery rose 3.57% - up $3.64 - to $105.58 a barrel. Brent oil for July delivery posted a larger gain, climbing 5.62% or $6.08 to $114.25 a barrel. Precious metals were weaker: the June Gold Futures contract fell 2.15%, down $99.70 to trade at $4,544.80 per troy ounce.


Currency markets showed a softer zloty. EUR/PLN advanced 0.42% to 4.26, while USD/PLN strengthened 0.61% to 3.64. The US Dollar Index Futures traded higher as well, up 0.26% at 98.26.

The session highlighted divergence within the WIG30, where select technology and energy names produced outsized gains even as several heavyweight industrial and mining names moved lower. Overall, the index's modest advance reflected a market where sector-level leadership was concentrated in a handful of stocks.

Risks

  • Concentration of gains in a few sectors and names could leave the index vulnerable if those leaders reverse - this impacts technology, oil & gas and chemicals exposures.
  • Declines among major industrial and mining stocks such as KGHM indicate potential sector-specific pressure that could extend to resource and materials portfolios.
  • Volatility in crude and precious metals prices presents uncertainty for energy and mining-linked equities as commodity swings feed through to company valuations.

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