Poland's stock market finished lower on Wednesday, with sector-level weakness in Energy, Construction and Basic Materials contributing to a retreat in the benchmark WIG30 index. At the close in Warsaw, the WIG30 was down 0.92%.
The session's top performers among the WIG30 constituents included Polski Koncern Naftowy ORLEN SA (WA:PKN), which advanced 5.59% - a gain of 6.82 points - to finish at 128.90. Jastrzebska Spotka Weglowa SA (WA:JSW) added 0.19% or 0.06 points to close at 31.80, and mBank SA (WA:MBK) ended up 0.06% or 0.60 points at 975.00.
On the downside, Tauron Polska Energia SA (WA:TPE) shed 4.82% or 0.48 points to end the day at 9.40. BUDIMEX SA (WA:BDXP) dropped 4.77%, losing 35.00 points to close at 699.00, while PGE Polska Grupa Energetyczna SA (WA:PGE) fell 4.22% or 0.41 points to 9.39.
Market breadth was negative, with 312 stocks declining versus 224 advancing on the Warsaw Stock Exchange; 103 issues finished unchanged.
Notable milestones and commodity moves
Shares of Polski Koncern Naftowy ORLEN SA reached five-year highs during the session, closing at 128.90 after the 5.59% increase.
In commodities trading, crude oil for April delivery rose 5.00%, gaining 4.17 to settle at $87.62 per barrel. Brent oil for May delivery climbed 5.14%, up 4.51 to $92.31 per barrel. The April Gold Futures contract declined 1.20%, a fall of 63.00, to trade at $5,179.10 per troy ounce.
Currency and dollar movements
FX moves were modest. The euro traded 0.30% lower versus the Polish zloty, with EUR/PLN at 4.25. The USD/PLN rate was unchanged at 3.67. The US Dollar Index Futures was higher by 0.39% at 99.19.
This session's price action left the index lower overall while a limited number of large caps recorded gains. Commodity markets saw notable strength in crude oil and Brent contracts, and gold futures moved lower.