Warsaw's WIG30 Index Edges Up to New Record High on Mixed Trading

Poland's benchmark WIG30 index reached a new all-time high at the close of trading on Tuesday, finishing the session with a modest gain of 0.16%. The advance was supported by positive performance in the Banking, Information Technology, and Food sectors, according to market data.

Sector Leaders and Laggards

The session's gains were concentrated in a handful of key stocks. Retailers were among the top performers on the WIG30 index, with Pepco Group Nv leading the charge.

• Top Performers:
• Pepco Group Nv (WA:PCOP) surged 4.30% to close at 44.12.
• MODIVO SA (WA:MDVP) gained 3.34%, ending the day at 96.42.
• LPP SA (WA:LPPP) rose 1.74% to 24,600.00, also hitting a new all-time high.

Conversely, energy and materials stocks weighed on the index. Jastrzebska Spotka Weglowa was the session's worst performer.

• Worst Performers:
• Jastrzebska Spotka Weglowa SA (WA:JSW) fell 6.17% to 35.00.
• PGE Polska Grupa Energetyczna SA (WA:PGE) declined 4.89%.
• Enea SA (WA:ENAE) dropped 3.26%.

Ad

Broader Market Picture

Despite the index reaching a new peak, the broader market sentiment on the Warsaw Stock Exchange was mixed. Data showed a nearly even split between advancing and declining stocks, with 272 rising issues compared to 269 decliners, while 107 stocks ended the session unchanged. This narrow market breadth suggests the day's gains were not widespread across the exchange.

Currency and Commodity Markets

In the currency markets, the Polish Zloty weakened slightly against major currencies. The EUR/PLN pair rose 0.25% to 4.35, while the USD/PLN pair increased by 0.46% to 3.80. In commodities, crude oil futures for November delivery fell, while gold futures also saw a slight decline.