Poland's stock market finished the trading session on Thursday in negative territory, with the headline WIG30 index retreating 1.93% at the close in Warsaw. Sector weakness in Basic Materials, Energy and Construction contributed to the downward move across the bourse.
Top and bottom movers
The day's strongest performer within the WIG30 was Jastrzebska Spotka Weglowa SA (WA:JSW), which climbed 7.89% or 2.58 points to finish at 35.30. The stock's advance took it to 52-week highs during the session.
Other modest gainers included mBank SA (WA:MBK), which added 0.05% or 0.50 points to end at 1,053.00, and Polski Koncern Naftowy ORLEN SA (WA:PKN), up 0.05% or 0.06 points to close at 133.20.
At the other end of the index, Dino Polska SA (WA:DNP) posted the largest decline, down 6.33% or 2.60 points to 38.50 at the close. KGHM Polska Miedz SA (WA:KGH) fell 5.15% or 14.10 points to finish at 259.80, while Pepco Group Nv (WA:PCOP) lost 4.89% or 1.31 points to close at 25.50.
Market breadth
Declining issues outnumbered advancing ones on the Warsaw Stock Exchange by 370 to 170, with 105 stocks finishing unchanged.
Commodities and FX
In commodity markets, crude oil for May delivery rose 2.72% or 2.60 to $98.06 a barrel, while Brent oil for May settlement increased 3.36% or 3.61 to $110.99 a barrel. The April Gold Futures contract showed a large decline, falling 6.23% or 304.86 to trade at $4,591.34 a troy ounce.
On the currency front, EUR/PLN was effectively unchanged, showing a 0.11% move to 4.28, while USD/PLN fell 0.58% to 3.71. The US Dollar Index Futures traded lower at 99.43, down 0.45%.
Key takeaways
- WIG30 closed down 1.93% as losses in Basic Materials, Energy and Construction pressured the market.
- Jastrzebska Spotka Weglowa (WA:JSW) led gains and reached 52-week highs; several miners and retail names recorded notable declines.
- Crude and Brent oil advanced while April Gold Futures fell sharply; EUR/PLN and USD/PLN posted modest moves.
Risks and uncertainties
- Sector concentration risk - continued weakness in Basic Materials, Energy and Construction could keep downward pressure on the WIG30 and related sector-linked stocks.
- Commodity price volatility - significant swings in oil and gold futures may influence companies exposed to energy and metals sectors.
- Currency movements - changes in EUR/PLN and USD/PLN could affect earnings and costs for exporters and importers listed on the Warsaw exchange.
Overall, the session reflected uneven performance across the index, with a handful of stocks pushing higher while a larger set of names declined, leaving market breadth tilted toward losers at the close.