Market roundup
Poland's equity market finished lower on Friday, with the WIG30 index slipping 1.88% at the close in Warsaw. Sector pressure came principally from Energy, Construction and Banking names, which collectively left the index weaker by the end of trading.
Top performers
- Allegro (WA:ALEP) led gains on the WIG30, finishing up 5.87% - a rise of 1.56 points to 28.06 at the close.
- Jastrzebska Spotka Weglowa SA (WA:JSW) rose 1.40%, adding 0.42 points to close at 30.32.
- Asseco Poland SA (WA:ACPP) increased 1.23%, or 2.10 points, finishing the session at 172.90.
Lagging names
- PGE Polska Grupa Energetyczna SA (WA:PGE) was the weakest on the WIG30, down 5.99% - a decline of 0.64 points to 9.97 at the close.
- Enea SA (WA:ENAE) fell 5.52%, or 1.34 points, to end the day at 22.92.
- BUDIMEX SA (WA:BDXP) lost 5.05%, sliding 39.20 points to a close of 737.40.
Market breadth and sentiment
On the Warsaw Stock Exchange, declining shares outnumbered advancing issues by 331 to 207, while 94 stocks finished unchanged. That balance reflected broad downside participation across multiple sectors, including the Energy, Construction and Banking groups called out in trade reports.
Commodities and currencies
In commodities trading, crude oil for April delivery gained 10.07% - an increase of 8.16 - to trade at $89.17 a barrel. Brent oil for May delivery rose 6.76% or 5.77 to $91.18 a barrel. The April Gold Futures contract advanced 1.35%, up 68.59, to trade at $5,147.29 a troy ounce.
Currency moves were modest: EUR/PLN was effectively unchanged, moving 0.08% to 4.28, while USD/PLN rose 0.15% to 3.69. The US Dollar Index Futures eased 0.32% to 99.00.
Outlook
Friday's session closed with the WIG30 lower and breadth tilted toward decliners, while commodities posted sizeable gains. The specific drivers behind sector moves were not detailed in market reports accompanying the close.