Poland's equity market closed in positive territory on Thursday, with the benchmark WIG30 rising 0.40% to finish at a new all-time high. Sector strength in Oil & Gas, Construction and Energy supported the advance.
Market breadth was uneven by the close in Warsaw. Declining issues outnumbered advancing ones 282 to 257, and 103 stocks finished unchanged.
Top performers on the WIG30
- Orange Polska SA (WA:OPL) led gains, climbing 6.38% or 0.88 points to end the session at 14.59. The stock rose to five-year highs during the session.
- X Trade Brokers Dom Maklerski SA (WA:XTB) added 4.00% or 4.00 points to close at 104.00, moving to all-time highs.
- Polski Koncern Naftowy ORLEN SA (WA:PKN) advanced 3.69% or 4.84 points, finishing at 136.00.
Heavier declines
- Asseco Poland SA (WA:ACPP) was the largest laggard, dropping 5.16% or 9.45 points to close at 173.55.
- CD PROJEKT SA (WA:CDR) fell 3.37% or 8.50 points to end at 244.10.
- mBank SA (WA:MBK) declined 1.67% or 21.00 points to finish at 1,235.00.
Across commodities, crude oil futures posted notable gains. Crude oil for May delivery rose 6.23% or 5.88 to trade at $100.29 a barrel. Brent oil for June delivery increased 2.58% or 2.44 to $97.19 a barrel. Precious metals moved higher as well, with the June Gold Futures contract up 0.85% or 40.55 to trade at $4,817.75 a troy ounce.
Foreign exchange moves were modest. EUR/PLN registered a 0.05% movement to 4.25, while USD/PLN fell 0.40% to 3.63. On the macro front of global currency benchmarks, the US Dollar Index Futures was down 0.35% at 98.58.
The session left the WIG30 at a fresh record closing level, underpinned by winners in energy-related and construction-linked names, even as more individual stocks declined than rose by the close. Investors appeared to rotate into certain large-cap and energy-exposed positions while trimming others across the market.
Key points
- The WIG30 advanced 0.40% to a new all-time closing high, led by gains in Oil & Gas, Construction and Energy sectors.
- Orange Polska (WA:OPL) and X Trade Brokers (WA:XTB) were among the session's strongest performers, reaching five-year and all-time highs respectively.
- Market breadth was mixed, with 282 decliners versus 257 advancers; notable declines included Asseco Poland (WA:ACPP), CD PROJEKT (WA:CDR) and mBank (WA:MBK).
Risks and uncertainties
- Market breadth indicates divergence - although the WIG30 closed at a record, a larger number of individual stocks fell than rose, which may signal uneven participation across sectors (impacting Financials, Technology and mid-cap companies).
- Commodity price volatility - sharp moves in crude oil and Brent could introduce uncertainty for energy-linked companies and broader market sentiment.
- Currency fluctuations - movements in EUR/PLN and USD/PLN, along with a softer US Dollar Index Futures, may affect exporters, importers and firms with foreign-currency exposures.