Polish WIG30 Index Ends Lower as Basic Materials and Banking Stocks Decline

Poland's benchmark stock index, the WIG30, edged lower in Monday's trading session, closing down 0.17%. The decline was primarily driven by weakness in the basic materials, media, and banking sectors, reflecting broader negative sentiment on the Warsaw Stock Exchange.

Session in Review

The negative sentiment was widespread across the exchange, with falling stocks outnumbering advancing ones by a margin of 315 to 225, while 108 issues ended the day unchanged, according to market data from the close on September 28.

Despite the index's overall decline, several components posted notable gains. The session's top performers on the WIG30 included:

• PGE Polska Grupa Energetyczna SA (PGE): rose 4.07% to close at 13.55.
• Jastrzebska Spotka Weglowa SA (JSW): added 1.94% to end at 31.50.
• Grupa KĘTY SA (KTY): gained 1.35% to trade at 1,272.00.

Ad

Laggards and Sector Pressure

Leading the decliners were companies in the tourism and basic materials industries. The worst-performing stocks on the WIG30 were:

• Rainbow Tours SA (RBW): fell 3.51% to finish at 118.20.
• KGHM Polska Miedz SA (KGH): declined 2.72% to 321.50.
• Cyfrowy Polsat SA (CPS): was down 2.70%, closing at 15.86.

In currency markets, the Polish zloty was little changed against the euro at 4.37, while it weakened slightly against the U.S. dollar, with the USD/PLN pair rising 0.29% to 3.85. The moves came as the US Dollar Index Futures gained 0.21%.