Polish equities finished higher on Friday, with sector gains in Oil & Gas, Chemicals and Media driving the WIG30 up 0.51% at the Warsaw close.
The session's top performer on the WIG30 was CCC SA (WA:CCCP), which advanced 5.62% - a rise of 6.25 points - to finish at 117.45. Jastrzebska Spotka Weglowa SA (WA:JSW) added 3.72% or 0.92 points to end at 25.62, and Polski Koncern Naftowy ORLEN SA (WA:PKN) gained 3.50% or 3.74 points to close at 110.74.
On the downside, CD PROJEKT SA (WA:CDR) was the session laggard among the WIG30 components, slipping 3.61% or 9.00 points to finish at 240.00. Zabka Group SA (WA:ZAB) declined 2.88% or 0.64 points to 21.60, while BUDIMEX SA (WA:BDXP) fell 1.50% or 10.60 points to close at 697.80.
Market breadth was relatively balanced as advancing issues slightly outnumbered decliners on the Warsaw Stock Exchange - 279 rising shares versus 268 falling - and 92 names finished unchanged.
Notably, shares of Polski Koncern Naftowy ORLEN SA (WA:PKN) reached five-year highs as they rose 3.50% or 3.74 to trade at 110.74 by the close.
Commodity markets reflected broader gains during the session. Crude oil for March delivery increased 1.37% or 0.87 to $64.16 a barrel. Brent oil for April delivery was up 1.47% or 0.99 to $68.54 a barrel, and the April Gold Futures contract rose 1.55% or 75.75 to trade at $4,965.25 a troy ounce.
Foreign-exchange moves accompanied these price swings. The euro fell 0.18% versus the zloty to 4.22 EUR/PLN, while the US dollar weakened 0.51% against the zloty to 3.57 USD/PLN. The US Dollar Index Futures moved lower by 0.20% to 97.51.
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Key takeaways
- WIG30 closed higher by 0.51%, led by gains in the Oil & Gas, Chemicals and Media sectors.
- Top individual gains were recorded by CCC SA, JSW and PKN; main declines came from CD PROJEKT, Zabka and BUDIMEX.
- Commodities and currency moves accompanied the market: crude, Brent and gold rose while EUR/PLN and USD/PLN moved lower; the US Dollar Index Futures fell to 97.51.
Context and market breadth
Advancers narrowly outnumbered decliners on the exchange, with 279 stocks up and 268 down, while 92 were unchanged. The balanced breadth underlines a market where gains were concentrated among particular sectors and names rather than broad-based strength.
Market signals
Polski Koncern Naftowy ORLEN SA registered a notable milestone by climbing to five-year highs during the session. Commodity price increases were observable across crude, Brent and gold futures, and currency movements showed modest zloty appreciation against both the euro and the dollar.