Story
Poland's WIG30 Index Jumps 2.21% to New All-Time High
Summary
Poland's benchmark WIG30 index surged 2.21% to close at a record high on Monday, propelled by strong performances in the banking, energy, and media sectors.
Poland's benchmark stock index, the WIG30, rallied significantly on Monday, closing the session up by 2.21% to reach a new all-time high, according to market data. The gains were broad-based, with strength in the banking, energy, and media sectors leading the market higher.
Market Performance
The positive session on the Warsaw Stock Exchange saw 296 stocks advance, while 263 declined and 111 remained unchanged. This indicates a solid but competitive trading day where advancing issues outnumbered decliners.
The rally in Polish equities occurred even as global commodity markets showed weakness. WTI crude oil futures for November delivery fell over 4%, while Brent crude dropped approximately 3.6%. In foreign exchange markets, the Polish zloty strengthened, with the EUR/PLN pair falling 0.27% and the USD/PLN pair declining 0.17%.
Top Stock Movers
AdBanking stocks were among the top performers within the WIG30 index. Key movers included:
- mBank (WA:MBK) was the session's standout, surging 8.32% to close at 1,516.00, a new record high for the stock.
- Cyfrplsat (WA:CPS) gained 6.60%, ending the day at 16.08.
- Alior Bank (WA:ALRR) rose 6.56% to finish at a price of 139.75.
On the other end of the spectrum, some stocks faced selling pressure. The day's laggards included X Trade Brokers Dom Maklerski SA (WA:XTB), which fell 1.17%, and coal producer Jastrzebska Spolka Weglowa (WA:JSW), which dipped 0.88%.
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