Stock Markets March 20, 2026

Warsaw Stocks Retreat; WIG30 Falls 1.13% to One-Month Low

Energy names lead declines while select consumer and gaming stocks post gains at the close in Warsaw

By Maya Rios DNP
Warsaw Stocks Retreat; WIG30 Falls 1.13% to One-Month Low
DNP

Poland's equity market closed lower on Friday, with the benchmark WIG30 sliding 1.13% to mark a fresh one-month low. Losses were concentrated in the Energy, Chemicals and Construction sectors, even as individual names in retail and gaming advanced. Market breadth favored decliners, while oil and the U.S. dollar strengthened and gold eased.

Key Points

  • The WIG30 fell 1.13% to a new one-month low at the close in Warsaw, with Energy, Chemicals and Construction sectors leading losses.
  • Leading gainers included Zabka Group (+4.71%), CD PROJEKT (+4.22%) and Dino Polska (+0.91%), while PGE (-8.06%), Tauron (-6.77%) and Enea (-4.93%) were the largest decliners.
  • Commodities and FX showed strength for oil and the US dollar, with crude up to $97.49/bbl and EUR/PLN and USD/PLN both higher; gold fell to $4,591.96/oz.

Poland stocks were lower after the close on Friday, as losses in the Energy, Chemicals and Construction sectors pushed the market down.

The WIG30 index ended the session down 1.13%, settling at a level described as a new one-month low at the close in Warsaw.

Top performers on the WIG30

  • Zabka Group SA (WA:ZAB) led the advancers, rising 4.71% or 0.95 points to finish at 21.12.
  • CD PROJEKT SA (WA:CDR) gained 4.22% or 9.90 points to close at 244.50.
  • Dino Polska SA (WA:DNP) edged up 0.91% or 0.35 points to 38.85 in late trade.

Heaviest declines

  • PGE Polska Grupa Energetyczna SA (WA:PGE) was the session's weakest performer on the WIG30, falling 8.06% or 0.84 points to 9.59 at the close.
  • Tauron Polska Energia SA (WA:TPE) dropped 6.77% or 0.65 points to finish at 8.92.
  • Enea SA (WA:ENAE) declined 4.93% or 1.12 points to end the session at 21.62.

On the Warsaw Stock Exchange overall, declining issues outnumbered advancing ones by 331 to 187, while 113 stocks finished unchanged.

Commodities and currencies

Crude oil for May delivery strengthened, rising 2.03% or 1.94 to trade at $97.49 a barrel. Brent oil for May delivery advanced 1.02% or 1.11 to $109.76 a barrel. In metals, the April Gold Futures contract slipped 0.30% or 13.74 to trade at $4,591.96 a troy ounce.

On the currency front, the euro was firmer against the zloty, with EUR/PLN up 0.41% to 4.28. The dollar also strengthened versus the zloty, as USD/PLN rose 0.66% to 3.70. The US Dollar Index Futures moved up 0.33% to 99.39.


Market note - The session showed a divergence between broader market weakness and isolated stock-level gains, particularly among consumer-facing and gaming companies, while major energy producers recorded notable declines.

Risks

  • Concentrated weakness in the Energy sector could pressure energy producers' stock performance and affect sector-relative returns.
  • Broader market declines with a higher count of falling stocks (331) versus advancing (187) indicate persistent downside risk for the overall equity market.
  • Rising crude oil and a firmer US dollar may add cost pressure or currency-related headwinds for import-sensitive sectors and companies with foreign-currency exposures.

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