Poland's equity market finished the trading session in negative territory on Tuesday, with the benchmark WIG30 index falling 1.35% at the close in Warsaw. Selling pressure was concentrated in the Basic Materials, Banking and Oil & Gas sectors, which contributed to the downward move.
The session's strongest performers on the WIG30 included Asseco Poland SA (WA:ACPP), which advanced 2.91% or 5.40 points to close at 190.80. Benefit Systems SA (WA:BFT) gained 0.91% or 40.00 points to finish at 4,438.00, marking a new record high for the stock. X Trade Brokers Dom Maklerski SA (WA:XTB) added 0.80% or 0.84 points to end the day at 105.54.
On the downside, KGHM Polska Miedz SA (WA:KGH) posted the largest decline within the WIG30 universe, falling 5.63% or 19.10 points to close at 320.35. mBank SA (WA:MBK) slipped 3.46% or 42.50 points to finish at 1,187.00. Rainbow Tours SA (WA:RBW) dropped 2.96% or 4.00 points to end at 131.10.
Market breadth on the Warsaw Stock Exchange favored sellers: 299 stocks declined versus 231 advancers, while 112 issues ended unchanged.
Commodities trading reflected weakness in energy and precious metals prices. Crude oil for July delivery fell 0.91% or 0.95 to $103.43 a barrel. Brent oil for July delivery declined 1.38% or 1.55 to $110.55 a barrel. The June Gold Futures contract dropped 1.15% or 52.58 to trade at $4,505.42 a troy ounce.
Currency moves accompanied the risk-off tone in Polish markets. The euro strengthened against the zloty, with EUR/PLN up 0.37% at 4.25. The Polish zloty weakened further versus the dollar, as USD/PLN rose 0.87% to 3.67. Meanwhile, US Dollar Index futures were trading higher by 0.22% at 99.32.
Summary of notable price moves:
- WIG30 -1.35% at close
- Asseco Poland (WA:ACPP) +2.91% to 190.80
- Benefit Systems (WA:BFT) +0.91% to 4,438.00 - new all-time high
- XTB (WA:XTB) +0.80% to 105.54
- KGHM (WA:KGH) -5.63% to 320.35
- mBank (WA:MBK) -3.46% to 1,187.00
- Rainbow Tours (WA:RBW) -2.96% to 131.10
- Crude oil (CL, July) -0.91% to $103.43/bbl
- Brent (LCO, July) -1.38% to $110.55/bbl
- Gold (GC, June) -1.15% to $4,505.42/oz
- EUR/PLN +0.37% to 4.25; USD/PLN +0.87% to 3.67
The session left the broader market with more declines than gains and saw volatility across commodities and currency pairs. Benefit Systems stood out for reaching a record price, while several large-cap names in materials and banking recorded notable losses.