Stock Markets February 23, 2026

Poland Stocks Climb at Close as Basic Materials, Oil & Gas and Construction Lead Gains

WIG30 advances 1.41% as select miners and retailers post notable rises; mixed breadth and modest commodity moves accompany session

By Jordan Park DNP
Poland Stocks Climb at Close as Basic Materials, Oil & Gas and Construction Lead Gains
DNP

Polish equities ended higher on Monday, with the WIG30 index closing up 1.41% as gains in Basic Materials, Oil & Gas and Construction sectors underpinned the advance. Dino Polska, JSW and KGHM were among the top performers, while Asseco Poland, MODIVO and CD PROJEKT lagged. Commodity prices and local FX moves were modest, and market breadth was mixed.

Key Points

  • WIG30 closed up 1.41%, led by gains in Basic Materials, Oil & Gas and Construction sectors.
  • Top performers included Dino Polska (DNP), Jastrzebska Spotka Weglowa (JSW) and KGHM (KGH); notable laggards were Asseco Poland (ACPP), MODIVO (MDVP) and CD PROJEKT (CDR).
  • Commodities and FX showed modest movement: Brent and US crude edged higher, gold futures rose sharply by percentage, EUR/PLN rose slightly and USD/PLN was effectively unchanged.

Polish stocks finished the trading session higher on Monday, with the benchmark WIG30 index closing up 1.41% in Warsaw. Sector strength in Basic Materials, Oil & Gas and Construction provided the momentum for the advance at the close.

Among WIG30 components, Dino Polska SA (WA:DNP) led gains after rising 4.10% - a 1.63 point increase - to finish at 41.42. Jastrzebska Spotka Weglowa SA (WA:JSW) recorded a 3.88% rise, adding 0.98 points to end at 26.23, while KGHM Polska Miedz SA (WA:KGH) advanced 3.34%, or 10.20 points, to close at 315.70.

Not all large-cap names participated in the rally. Asseco Poland SA (WA:ACPP) was the weakest on the WIG30, slipping 2.03% - down 3.70 points - to 178.30 at the close. MODIVO SA (WA:MDVP) declined 1.07%, a 1.30 point fall to 120.30, and CD PROJEKT SA (WA:CDR) gave back 0.86%, or 2.10 points, to trade at 242.20 by the close of trading.

Market breadth on the Warsaw Stock Exchange was mixed: 301 stocks advanced versus 252 decliners, and 89 issues finished unchanged.

In commodities, crude oil for April delivery ticked up 0.24% - a $0.16 rise - to settle at $66.64 per barrel. Brent oil for May delivery gained 0.21%, or $0.15, to reach $71.45 a barrel. The April Gold Futures contract moved higher by 2.96%, an increase of $150.31, to trade at $5,231.21 a troy ounce.

Currency moves were modest during the session. The euro-to-zloty rate (EUR/PLN) rose 0.12% to 4.22, while the dollar-to-zloty rate (USD/PLN) was effectively unchanged, moving 0.11% to 3.57. The US Dollar Index Futures declined 0.19% to 97.54.


The trading day reflected concentrated strength among materials and energy-related names, supported by modest gains in global commodity benchmarks and little change in key FX pairs relevant to Polish markets.

Risks

  • Mixed breadth on the Warsaw exchange - with a sizeable number of decliners (252) relative to advancers (301) - could signal uneven participation across sectors, potentially limiting sustained market-wide momentum. Impacted sectors: all domestic equity sectors but especially Basic Materials and Construction.
  • Volatility in commodity prices could influence the performance of resource-intensive sectors such as Basic Materials and Oil & Gas, which were drivers of the session's gains. Impacted sectors: Basic Materials, Oil & Gas.
  • Movements in FX rates, even modest ones in EUR/PLN and USD/PLN, can affect exporters and importers listed on the WSE and hence corporate earnings sensitivity to currency shifts. Impacted sectors: export-oriented companies and import-dependent firms.

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