Poland's equity market closed lower on Monday, with the WIG30 index finishing the session down 0.72% in Warsaw. The retreat was driven by losses concentrated in the Oil & Gas, Chemicals and Developers sectors, which exerted downward pressure across the exchange.
Among the WIG30 constituents, KGHM Polska Miedz SA (WA:KGH) was the strongest performer, finishing up 4.63% - a rise of 16.70 points to a closing price of 377.55. MODIVO SA (WA:MDVP) also gained ground, adding 3.77% or 3.18 points to end at 87.48, while Synektik (WA:SNTP) rose 2.80%, or 8.20 points, to close at 300.80.
On the downside, Polski Koncern Naftowy ORLEN SA (WA:PKN) recorded the largest decline, losing 7.37% - a drop of 10.82 points to finish at 136.02. LPP SA (WA:LPPP) fell 4.08%, down 840.00 points to 19,760.00 at the close. X Trade Brokers Dom Maklerski SA (WA:XTB) decreased 1.67%, or 1.84 points, to 108.16.
Market breadth in Warsaw skewed negative, with 308 stocks falling versus 245 that advanced, and 82 shares finishing unchanged.
Commodities and currencies
Energy markets saw notable weakness in the session. Crude oil for July delivery dropped 5.04%, or $4.28, to settle at $80.60 a barrel. Brent crude for August delivery fell 4.80%, or $4.19, to $83.14 a barrel. In contrast, precious metals strengthened: the August Gold Futures contract rose 3.21%, or $135.95, to trade at $4,374.75 a troy ounce.
Currency moves accompanied the equities and commodity shifts. The euro traded 0.22% higher versus the zloty at 4.25 EUR/PLN, while the dollar's rate against the zloty was essentially unchanged, moving 0.05% to 3.66 USD/PLN. The US Dollar Index Futures slipped 0.18% to 99.31.
Takeaways
- WIG30 closed 0.72% lower, reflecting sector-led weakness across Oil & Gas, Chemicals and Developers.
- KGHM, MODIVO and Synektik were among the session's gainers on the WIG30, while PKN, LPP and XTB were notable laggards.
- Commodity markets diverged: crude oil futures fell sharply, while gold futures posted gains; FX moves were modest, with EUR/PLN up 0.22% and USD/PLN largely unchanged.
These outcomes left the Warsaw market lower at the close, with commodity price swings and sector-specific weakness determining much of the day's direction.