Summary
The Warsaw Stock Exchange closed Tuesday with the WIG30 down 1.26% as sectoral weakness in Basic Materials, Oil & Gas and Chemicals led overall losses. Market breadth was negative, with falling stocks outnumbering advancing ones by a substantial margin.
Market close and breadth
At the close in Warsaw, the WIG30 index finished the session 1.26% lower. On the exchange, 332 issues declined, 211 advanced and 87 finished unchanged.
Notable movers
- Top gains on the WIG30: Cyfrowy Polsat SA (WA:CPS) rose 1.50% or 0.20 points to close at 13.23; Pepco Group Nv (WA:PCOP) added 1.19% or 0.34 points to finish at 29.00; and mBank SA (WA:MBK) gained 0.59% or 6.00 points to end at 1,028.50.
- Largest declines on the WIG30: KGHM Polska Miedz SA (WA:KGH) fell 6.46% or 19.70 points to close at 285.30; Jastrzebska Spotka Weglowa SA (WA:JSW) dropped 4.31% or 1.16 points to 25.75; and Asseco Poland SA (WA:ACPP) was down 3.99% or 7.10 points to 170.90.
Commodities and macro-related moves
Commodities traded lower on the session: crude oil for April delivery declined 1.16% or 0.73 to $62.02 a barrel. Brent oil for April delivery fell 2.27% or 1.56 to $67.09 a barrel. The April Gold Futures contract eased 2.96% or 149.54 to trade at $4,896.76 a troy ounce.
Currencies and indices
Currency pairs involving the Polish zloty moved slightly weaker: EUR/PLN was up 0.22% at 4.22, while USD/PLN rose 0.37% to 3.57. The US Dollar Index Futures increased 0.42% to 97.23.
Interpretation
Tuesday's session closed with the WIG30 lower as losses in commodity- and energy-linked sectors weighed on the benchmark. Market breadth signaled more widespread selling than buying among listed issues, while global commodity prices and currency moves reflected the same directional pressure seen in equities.