Stock Markets February 20, 2026

Warsaw market edges lower at close as WIG30 dips 0.08%

Losses in Oil & Gas, Media and Energy offset gains among select large-caps as commodities and currencies move ahead of the weekend

By Derek Hwang
Warsaw market edges lower at close as WIG30 dips 0.08%

Poland's main benchmark slipped modestly at Friday's close, with the WIG30 down 0.08% as sector declines in Oil & Gas, Media and Energy weighed on the market. While several large-cap names finished higher, including Asseco Poland, KGHM and Budimex, notable falls in Kruk, Allegro and Modivo contributed to a broader skew toward declining issues. Commodity and currency shifts also accompanied the trading session.

Key Points

  • WIG30 closed down 0.08% as losses in Oil & Gas, Media and Energy pressured the index.
  • Leading gainers included Asseco Poland (WA:ACPP), KGHM (WA:KGH) and Budimex (WA:BDXP); top losers were Kruk (WA:KRU), Allegro (WA:ALEP) and Modivo (WA:MDVP).
  • Commodities and currency moves were mixed: Brent and WTI oils fell, April gold futures rose sharply, EUR/PLN ticked up, and USD/PLN was essentially unchanged.

Poland's equity market closed slightly lower on Friday, with the WIG30 index finishing the session down 0.08% in Warsaw. Selling pressure in Oil & Gas, Media and Energy sectors kept the benchmark in negative territory despite advances among a handful of constituents.

Top gainers included Asseco Poland SA (WA:ACPP), which advanced 2.25% - a rise of 4.00 points to finish at 182.00. KGHM Polska Miedz SA (WA:KGH) added 2.17%, up 6.50 points to close at 305.50, while BUDIMEX SA (WA:BDXP) increased 1.69%, gaining 12.60 points to end the day at 759.60.

Biggest decliners were led by Kruk SA (WA:KRU), which retreated 9.26% or 46.00 points to finish at 451.00. Allegro (WA:ALEP) slipped 3.42%, down 0.98 points to 27.67, and MODIVO SA (WA:MDVP) fell 2.72%, a decline of 3.40 points to 121.60.

On the broader exchange, falling issues outnumbered advancing ones by 308 to 220, with 113 stocks unchanged at the close, reflecting a session tilted toward losses.

Commodities showed mixed moves during the trading day. Crude oil for April delivery eased 0.38% - down 0.25 to $66.15 a barrel. Brent oil for April delivery fell 0.36% or 0.26 to $71.40 a barrel. Gold futures for April gained 1.80%, an increase of 90.11, to trade at $5,087.51 a troy ounce.

Currency pairs involving the zloty moved modestly: EUR/PLN was higher by 0.13% at 4.22, while USD/PLN showed little change, listed as unchanged at 0.09% to 3.59. The US Dollar Index Futures eased 0.12% to 97.74.

The market closed with a narrow overall decline in the benchmark, offset by notable single-stock performances and ongoing sensitivity to commodity and currency fluctuations.

Risks

  • Sector-specific weakness in Oil & Gas, Media and Energy could continue to weigh on the WIG30 and related stocks.
  • Volatility in commodity prices - noting declines in crude oil and gains in gold futures - may create uncertainty for commodity-linked companies and investor sentiment.
  • Currency fluctuations, including movements in EUR/PLN and the US Dollar Index Futures, introduce exchange-rate risk for exporters and importers exposed to the zloty.

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