Polish equities closed higher on Wednesday, driven by advances in Basic Materials, Oil & Gas and Energy names that helped push the benchmark higher.
At the Warsaw close, the WIG30 index recorded a gain of 0.37%.
The session's top contributors on the WIG30 included KGHM Polska Miedz SA (WA:KGH), which climbed 5.06% or 15.40 points to finish at 320.00. PGE Polska Grupa Energetyczna SA (WA:PGE) added 3.37% or 0.34 points to close at 10.27, and Polski Koncern Naftowy ORLEN SA (WA:PKN) rose 2.51% or 2.74 points to end the day at 111.90.
On the downside, CD PROJEKT SA (WA:CDR) led decliners, slipping 2.51% or 6.20 points to close at 241.20. Asseco Poland SA (WA:ACPP) fell 2.03% or 3.90 points to finish at 188.40, while mBank SA (WA:MBK) declined 1.87% or 20.00 points to end at 1,050.00.
Market breadth on the Warsaw Stock Exchange was narrowly positive: 270 issues advanced versus 240 that fell, and 122 were unchanged.
Notably, shares of Polski Koncern Naftowy ORLEN SA (WA:PKN) moved to five-year highs, gaining 2.51% or 2.74 to reach 111.90.
Commodities trading showed correlated strength. Crude oil for March delivery increased 1.95% or 1.25 to $65.21 per barrel. Brent crude for April delivery rose 1.80% or 1.24 to $70.04 per barrel. The April Gold Futures contract advanced 1.33% or 67.06 to trade at $5,098.06 per troy ounce.
Currency pairs versus the Polish zloty were largely unchanged: EUR/PLN moved 0.07% to 4.22, while USD/PLN changed 0.10% to 3.55. The US Dollar Index Futures increased 0.11% to 96.78.
Additional market information included promotional commentary on investment tools contained in the original trading bulletin. The bulletin described a stock-picking product that uses AI-driven portfolios. It reported that, year to date, two out of three global portfolios overseen by the product were outperforming their benchmark indexes, with 88% of selections showing gains. The bulletin also stated that the product's flagship Tech Titans strategy outperformed the S&P 500 over an 18-month period, with examples of individual winners and performance percentages cited.
The session closed with sector-led gains concentrated in Basic Materials, Oil & Gas and Energy, while select technology and financial-related names finished lower. Trading breadth was slightly positive and commodity markets saw risks and momentum that coincided with the movement in energy-related equities.