Poland's equity market ended Monday's session in negative territory as sectoral weakness in Energy, Construction and Food pressured the main index. At the close in Warsaw, the WIG30 declined 0.25%, marking a fresh one-month low for the benchmark.
Trading among the WIG30 constituents was mixed. The top performers included Jastrzebska Spotka Weglowa SA (WA:JSW), which advanced 3.83% - gaining 1.16 points to finish at 31.48. Dino Polska SA (WA:DNP) also posted a solid gain of 3.34%, up 1.33 points to 41.20, while Asseco Poland SA (WA:ACPP) rose 1.21%, an increase of 2.10 points to close at 175.00.
On the downside, Rainbow Tours SA (WA:RBW) led losses on the index, sliding 4.46% or 6.40 points to end at 137.00. Tauron Polska Energia SA (WA:TPE) fell 3.96%, a drop of 0.41 points to 9.99, and MODIVO SA (WA:MDVP) declined 2.67%, down 2.69 points to 98.06.
Market breadth on the Warsaw Stock Exchange was tilted toward decliners. Falling issues outnumbered advancers by 387 to 174, and 83 shares finished unchanged.
One headline development among individual names was MODIVO SA (WA:MDVP) slipping to a 52-week low, closing at 98.06 after a 2.67% fall.
Commodities moved markedly in Monday's session. Crude oil for April delivery climbed 4.66%, rising $4.24 to $95.14 a barrel. Brent oil for May delivery saw an even larger percentage increase, up 7.70% or $7.14 to $99.83 a barrel. Precious metals were weaker: the April Gold Futures contract eased 0.88%, losing $45.59 and trading at $5,113.11 a troy ounce.
Currency moves reflected some pressure on the zloty. The euro strengthened against the Polish zloty, with EUR/PLN up 0.39% to 4.28, while USD/PLN rose 0.58% to 3.69. The US Dollar Index Futures registered a modest increase of 0.02% to 99.00.
Market context
- WIG30 closed down 0.25% at a one-month low.
- Energy, Construction and Food sectors were primary drags on the session.
- Commodities posted mixed moves, with notable strength in crude and Brent oil and weakness in gold.