Poland's equity benchmark closed lower on Monday, with the WIG30 index down 0.74% at the end of trading in Warsaw. Declines in the Banking, Information Technology and Chemicals sectors were the main contributors to the downward move.
Market participants saw divergence among large-cap names. The day's top performers on the WIG30 included Jastrzebska Spółka Węglowa SA (WA:JSW), which advanced 3.70% or 0.96 points to finish at 26.93. Synektik (WA:SNTP) added 3.44% or 10.20 points to close at 307.00, and CD PROJEKT SA (WA:CDR) rose 2.41% or 5.40 points to end the session at 229.50.
On the downside, Cyfrowy Polsat SA (WA:CPS) suffered the steepest drop among WIG30 names, falling 4.74% or 0.78 points to 15.58 at the close. Grupa KĘTY SA (WA:KTY) lost 4.04% or 51.00 points to finish at 1,212.00, while Bank Millennium SA (WA:MILP) declined 3.35% or 0.69 points to trade at 19.77.
Broader market breadth favored losers: 283 shares declined on the Warsaw Stock Exchange versus 251 that advanced, and 100 stocks finished unchanged.
Movements in commodity and currency markets accompanied the equity moves. Crude oil for August delivery fell 2.99% or 2.27 to $73.58 a barrel. Brent oil for September delivery dropped 3.47% or 2.78 to $77.27 a barrel. The August Gold Futures contract decreased 0.92% or 38.85 to trade at $4,207.05 a troy ounce.
Foreign exchange saw the zloty weaken against major currencies: EUR/PLN rose 0.48% to 4.28 and USD/PLN increased 0.73% to 3.74. The US Dollar Index Futures was up 0.08% at 100.70.
Key session highlights by symbol included:
- JSW - up 3.70%
- SNTP - up 3.44%
- CDR - up 2.41%
- CPS - down 4.74%
- KTY - down 4.04%
- MILP - down 3.35%
- WIG30 - down 0.74%
Trading volumes and other intraday dynamics were reflected in the closing levels provided above. The session closed with a clear tilt toward declining issues, while selected stocks in mining, software/gaming and industrials posted gains.