Poland's stock market ended Wednesday on an upswing, with the WIG30 index rising 2.46% at the close in Warsaw. The session saw gains concentrated in the Basic Materials, Banking and Oil & Gas sectors, which pushed the benchmark higher.
The standout performers on the WIG30 were CD PROJEKT SA (WA:CDR), Alior Bank SA (WA:ALRR) and KGHM Polska Miedz SA (WA:KGH). CD PROJEKT SA led the list, finishing 5.09% higher - a gain of 12.00 points - to close at 247.80. Alior Bank SA advanced 3.88%, or 4.25 points, to end the day at 113.85. KGHM Polska Miedz SA rose 3.74%, adding 11.20 points to reach 310.70 in late trade.
At the other end of the index, MODIVO SA (WA:MDVP), Orange Polska SA (WA:OPL) and Asseco Poland SA (WA:ACPP) posted the largest declines. MODIVO SA slipped 1.07%, or 1.15 points, to a closing price of 106.00. Orange Polska SA dropped 1.03%, a fall of 0.14 points, finishing at 13.46. Asseco Poland SA was down 0.88%, losing 1.50 points to close at 168.90.
Market breadth in Warsaw favored rising issues, with 372 stocks closing higher versus 161 that fell; 100 securities ended the session unchanged. Notably, shares of MODIVO SA reached a 52-week low during the session, ending down 1.07% at 106.00.
Commodities trading reflected some softness in oil prices. Crude oil for April delivery declined 0.91%, or $0.68, to $73.88 per barrel. Brent crude for May delivery fell 0.68%, or $0.55, to $80.85 a barrel. Precious metals moved in the opposite direction, with the April Gold Futures contract rising 0.80%, or $41.19, to trade at $5,164.89 per troy ounce.
Foreign exchange rates in the session showed the euro and the US dollar both weakening against the zloty. EUR/PLN fell 0.39% to 4.27, while USD/PLN declined 0.59% to 3.67. The US Dollar Index Futures was down 0.22% at 98.79.
Overall, the close reflected a broad advance across Warsaw, driven by pockets of strength in basic materials, banking and energy-related names, while a smaller set of stocks registered declines.