Polish stocks closed higher on Tuesday, with the benchmark WIG30 rising 1.92% as gains were concentrated in Basic Materials, Banking and Oil & Gas stocks.
At the close in Warsaw, the WIG30 index added 1.92% from its previous settlement.
The top performers on the WIG30 were KGHM Polska Miedz SA (WA:KGH), which finished the session up 4.70% or 13.60 points at 303.00, Rainbow Tours SA (WA:RBW), which advanced 4.38% or 6.00 points to close at 143.00, and mBank SA (WA:MBK), which rose 3.33% or 31.40 points to end the day at 974.40.
On the downside, Enea SA (WA:ENAE) was the heaviest loser on the index, sliding 2.75% or 0.62 points to close at 21.96. MODIVO SA (WA:MDVP) declined 1.59% or 1.56 points to finish at 96.50, and Tauron Polska Energia SA (WA:TPE) eased 1.16% or 0.12 points to 9.87.
Market breadth favored advancers: 341 stocks advanced on the Warsaw Stock Exchange, 202 declined and 98 finished unchanged.
Notably, shares of MODIVO SA (WA:MDVP) fell to a 52-week low, dropping 1.59% or 1.56 to 96.50 by the close.
Commodities moved decisively during the session. Crude oil for April delivery fell 11.60% or 10.99 to $83.78 a barrel. Brent oil for May delivery declined 11.07% or 10.95 to $88.01 a barrel. By contrast, the April Gold Futures contract gained 2.73% or 139.11 to trade at $5,242.81 a troy ounce.
Currency pairs involving the Polish zloty were weaker against the majors: EUR/PLN rose 0.38% to 4.26 and USD/PLN increased 0.23% to 3.66. The US Dollar Index Futures traded lower, down 0.59% at 98.58.
The session's results show a market response shaped by sector rotation and notable commodity price moves. Basic Materials, Banking and Oil & Gas sectors led the upward momentum, while select utilities and retail names contributed to the downside on the WIG30.
Market participants may continue to monitor commodity price trends and currency moves for their potential impact on exporters, energy firms and materials producers listed in Warsaw.