Poland's stock market ended the trading session higher on Wednesday, with sector strength in Basic Materials, Construction and Oil & Gas helping push the benchmark upward.
At the close in Warsaw, the WIG30 index gained 2.13%.
The leading winners on the WIG30 were Kruk SA (WA:KRU), which climbed 5.28% - an increase of 22.50 points to finish at 449.00. BUDIMEX SA (WA:BDXP) added 4.07%, or 26.00 points, to close at 664.60, and KGHM Polska Miedz SA (WA:KGH) rose 3.30%, or 8.70 points, ending the day at 272.70.
Among the session's weaker performers, MODIVO SA (WA:MDVP) declined 0.17%, losing 0.16 points to close at 91.34. Orange Polska SA (WA:OPL) inched higher by 0.22% - up 0.03 points to 13.50 - while Jastrzebska Spotka Weglowa SA (WA:JSW) also rose 0.22%, gaining 0.07 points to 31.87.
Market breadth on the Warsaw Stock Exchange favored advancing issues, with 295 stocks higher versus 266 that fell; 115 shares finished unchanged.
Commodities showed mixed moves on the day. Crude oil for May delivery declined 2.62%, a drop of $2.42, to settle at $89.93 a barrel. Brent crude for June delivery fell 3.73%, down $3.74, to $96.49 a barrel. By contrast, the June Gold Futures contract rose 3.37%, or $149.22, to trade at $4,583.32 a troy ounce.
In currency trading, EUR/PLN moved up 0.15% to 4.27, while USD/PLN increased 0.46% to 3.69. The US Dollar Index Futures registered a modest gain of 0.07% to 99.31.
The session's price action was characterized by selective strength among materials and construction-related names, alongside declines in crude benchmarks and a sizable uptick in the quoted gold futures contract. Currency moves showed the zloty slightly weaker versus both the euro and the dollar on the session.
Summary of close highlights:
- WIG30: +2.13% at the close.
- Top WIG30 performers: KRU (+5.28%), BDXP (+4.07%), KGH (+3.30%).
- Weak performers included MDVP (-0.17%), while OPL and JSW rose marginally (+0.22% each).
- Commodities: Crude May -2.62% to $89.93/bbl; Brent June -3.73% to $96.49/bbl; Gold June +3.37% to $4,583.32/oz.
- Currencies: EUR/PLN +0.15% to 4.27; USD/PLN +0.46% to 3.69.