Stock Markets March 24, 2026

Warsaw stocks slide as WIG30 hits one-month low; energy and FX move higher

Losses in Information Technology, Banking and Developers weigh on the benchmark while oil and the dollar climb

By Priya Menon
Warsaw stocks slide as WIG30 hits one-month low; energy and FX move higher

Poland's stock market closed lower on Tuesday, with the WIG30 index falling 0.93% to a fresh one-month low. Declines were concentrated in the Information Technology, Banking and Developers sectors. While select large-cap names posted gains, overall market breadth favored decliners as crude and Brent oil rallied and the dollar strengthened against the zloty.

Key Points

  • WIG30 fell 0.93% to a new one-month low, driven by weakness in Information Technology, Banking and Developers sectors.
  • Selective large-cap stocks outperformed, with Orange Polska, Zabka Group and PKN posting gains while Benefit Systems, CD PROJEKT and Rainbow Tours were notable laggards.
  • Commodity and currency moves were significant: crude and Brent oil rose sharply, gold edged higher, and both EUR/PLN and USD/PLN strengthened.

Poland's main equity benchmark ended Tuesday's session in negative territory, with the WIG30 index retreating 0.93% to register a new one-month low at the close in Warsaw. Market pressure was led by losses in the Information Technology, Banking and Developers sectors, which collectively pushed the broader index down.

Top performers on the WIG30

  • Orange Polska SA (WA:OPL) led gains on the blue-chip gauge, rising 3.22% or 0.42 points to close at 13.47.
  • Zabka Group SA (WA:ZAB) added 2.28% or 0.48 points to finish the session at 21.49.
  • Polski Koncern Naftowy ORLEN SA (WA:PKN) was up 1.87% or 2.38 points, settling at 129.94 by the close.

Largest decliners

  • Benefit Systems SA (WA:BFT) registered the steepest fall among the WIG30 constituents, sliding 4.06% or 140.00 points to end at 3,310.00.
  • CD PROJEKT SA (WA:CDR) declined 3.57% or 8.70 points to 235.30 at the close.
  • Rainbow Tours SA (WA:RBW) dropped 3.15% or 4.20 points to finish at 129.00.

On market breadth, declining issues outnumbered advancing ones on the Warsaw Stock Exchange by 310 to 255, while 106 stocks finished unchanged. That distribution underscores the broader weakness behind the index's retreat despite pockets of strength among individual large caps.

Commodities and benchmarks

Energy markets saw notable gains during the trading session. Crude oil for May delivery rose 4.55% or 4.01 to $92.14 a barrel. Brent oil for June delivery climbed 3.89% or 3.73 to $99.65 a barrel. Precious metals moved modestly higher, with the June Gold Futures contract up 0.29% or 12.80 to trade at $4,452.30 a troy ounce.

Foreign exchange and dollar strength

Currency moves accompanied the equity and commodity shifts. The euro traded higher versus the zloty, with EUR/PLN up 0.51% at 4.28. The dollar also strengthened against the zloty, as USD/PLN rose 0.72% to 3.69. In broader dollar measures, the US Dollar Index Futures were 0.47% higher at 99.19.

Overall, the close in Warsaw highlighted a market where sector-led weakness and heavier decliners outweighed individual stock gains, while commodities and the dollar moved higher during the session.

Risks

  • Market breadth favored decliners (310 down vs. 255 up), indicating potential continuation of downside pressure across multiple sectors, particularly Information Technology, Banking and Developers.
  • Rising oil prices present uncertainty for energy-exposed parts of the market and may influence broader market sentiment.
  • Strengthening EUR/PLN and USD/PLN could affect companies with FX exposure or costs denominated in foreign currency, adding volatility to earnings and cash flow dynamics.

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