Market close snapshot
Poland's main index ended Wednesday's trading session higher, with the WIG30 up 1.75% at the close in Warsaw. Broad-based buying centered on Basic Materials, Information Technology and Oil & Gas, lifting the overall market.
Top performers
- CCC SA (WA:CCCP) led the list of winners, jumping 10.48% - an increase of 12.05 points - to finish at 127.05.
- Orange Polska SA (WA:OPL) climbed 5.95%, gaining 0.73 points to close at 13.00, trading at five-year highs by the end of the session.
- KGHM Polska Miedz SA (WA:KGH) rose 5.92%, up 16.90 points to 302.20.
Lagging names
- CD PROJEKT SA (WA:CDR) was among the session's weaker movers, slipping 0.41% or 1.00 point to end at 243.00.
- Cyfrowy Polsat SA (WA:CPS) fell 0.19%, a decline of 0.03 points, to 13.20.
- Dino Polska SA (WA:DNP) registered a small uptick of 0.18% or 0.07 points, closing at 39.84; it was nonetheless listed among the session's weaker performers.
Breadth and market breadth statistics
Advancers outnumbered decliners on the Warsaw Stock Exchange: 306 stocks rose, 245 fell and 95 finished unchanged, indicating overall positive breadth across the market.
Commodities and currency movements
Commodity markets saw notable gains during the session. Crude oil for April delivery increased 3.58% - up $2.23 - to $64.49 a barrel. Brent oil for April delivery rose 3.37% or $2.27 to reach $69.69 a barrel. Meanwhile the April Gold Futures contract advanced 2.36%, a rise of $116.01, to trade at $5,021.91 per troy ounce.
On the currency front, EUR/PLN registered a 0.11% move to 4.21, while USD/PLN rose 0.24% to 3.57. The US Dollar Index Futures were higher as well, up 0.35% at 97.39.
Takeaway
Wednesday's session closed with a clear tilt toward risk assets in Poland as sector gains in Basic Materials, Information Technology and Oil & Gas powered the WIG30 higher. Market participation appeared broad, with more advancing issues than decliners, and commodity strength coincided with modest currency moves.