Stock Markets February 12, 2026

Warsaw Stocks Tick Up as Construction, Basic Materials and Food Lead Gains

WIG30 posts a modest 0.10% advance amid mixed breadth; oil and gold slip while PLN and USD are steady

By Marcus Reed
Warsaw Stocks Tick Up as Construction, Basic Materials and Food Lead Gains

Poland's main index closed marginally higher on Thursday, led by advances in the Construction, Basic Materials and Food sectors. The WIG30 rose 0.10% as several large-cap names posted notable moves. Commodity prices, including U.S. crude, Brent and gold futures, moved lower, while EUR/PLN and USD/PLN were effectively unchanged.

Key Points

  • WIG30 closed up 0.10% with gains led by Construction, Basic Materials and Food sectors.
  • Top WIG30 performers included WA:JSW (+5.64%), WA:OPL (+2.85%) and WA:SPL1 (+2.19%); major laggards included WA:ACPP (-4.19%), WA:DNP (-1.42%) and WA:XTB (-1.38%).
  • Commodities fell - U.S. crude, Brent and April gold futures all declined; EUR/PLN and USD/PLN were effectively unchanged.

Poland's equity market finished the session slightly in the green on Thursday, with gains concentrated in the Construction, Basic Materials and Food sectors pushing the benchmark modestly higher.

At the close in Warsaw, the WIG30 recorded a 0.10% increase.

Among the index constituents, Jastrzebska Spotka Weglowa SA (WA:JSW) was the day's top performer on the WIG30, finishing up 5.64% - a rise of 1.43 points to 26.78. Orange Polska SA (WA:OPL) gained 2.85%, adding 0.34 points to end at 12.27, while Santander Bank Polska SA (WA:SPL1) advanced 2.19%, closing 13.00 points higher at 606.00 in late trading.

On the downside, Asseco Poland SA (WA:ACPP) led decliners on the WIG30, slipping 4.19% or 7.90 points to close at 180.50. Dino Polska SA (WA:DNP) fell 1.42%, down 0.55 points to 38.15, and X Trade Brokers Dom Maklerski SA (WA:XTB) declined 1.38%, losing 1.24 points to finish at 88.40.

Market breadth was mixed. On the Warsaw Stock Exchange, falling stocks slightly outnumbered advancing issues - 263 shares declined versus 256 that advanced, while 106 issues finished unchanged.

Shares of Orange Polska SA (WA:OPL) reached a five-year high during the session, closing at 12.27 after the 2.85% gain.

Commodities finished lower on the session. U.S. crude oil for March delivery moved down 2.09%, a decline of $1.35, to settle at $63.28 per barrel. Brent crude for April delivery fell 2.06%, down $1.43 to $67.97 per barrel. The April Gold Futures contract dropped 2.78%, a fall of $141.54, trading at $4,956.96 per troy ounce.

Currency markets in Warsaw were relatively steady. The euro priced in zloty terms (EUR/PLN) was unchanged, edging by 0.05% to 4.22, and the dollar versus the zloty (USD/PLN) also moved by 0.05% to 3.55. The U.S. Dollar Index Futures was quoted up 0.09% at 96.81.


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Risks

  • Narrow index advance - the WIG30 rose only 0.10%, which suggests limited upside and the potential for quick reversals in market direction affecting broad equity exposure.
  • Weak breadth - slightly more declining stocks (263) than advancing (256) indicates mixed participation, which may introduce volatility for sector-specific positions, notably in Construction, Basic Materials and Food.
  • Commodity price declines - drops in crude oil and gold prices may influence market sentiment for commodity-linked companies and sectors that track raw material costs.

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