Brent Crude at $96 dampens optimism
Demand did not cover the entire market, as mWIG40 fell 0.42% and sWIG80 ended the day up only 0.21%. The strongest sector in the Wednesday session was the energy sector. PGE rose 7.37%, Tauron gained 3.65%, and Enea increased 2.36%.
On the opposite side of the market were banks, among which mBank lost 2.86%. The main European markets were dominated by moderate positive sentiment. The German DAX rose 0.58%, the French CAC40 gained 0.89%, and the British FTSE250 ended the day up 0.73%.
In Europe, the biggest gains were also recorded by energy companies. On Wall Street, the main indices ended the day below Tuesday levels. The S&P 500 fell 0.14%, and the Nasdaq Composite slipped 0.57%. Strong gains were seen by Super Micro Computer and Dell, whose shares rose 19.84% and 9.32% respectively.
After the close of trading on the U.S. exchange, pressure shifted to Alphabet and Tesla shares, which were down about 3% in intraday trading. Alphabet increased revenue by 24% YoY, and operating profit rose 30%. The company also raised its forecast for this year’s capital expenditures to $195‑205 billion. The biggest impression, however, came from Google Cloud, whose revenue grew 82% YoY.
Center of attention: EBC decision and unemployment data
Before the Thursday session, the environment remains mixed. Support for European markets could come from gains in Asian markets, which are buoyed by continued optimism around AI investments. On the other hand, enthusiasm is limited by the rising price of Brent crude, which in the morning already cost $96 per barrel.
At the opening of the WSE we can expect a neutral or slightly positive start, with energy companies maintaining a leading position.
The key event of the day will be the European Central Bank’s decision. After the June rate hike of 25 bp, the market expects the deposit rate to stay at 2.25% and the refinancing rate at 2.40%. At 9:30 a.m. the national calendar will publish June’s unemployment rate.
WIG20 and mWIG40
KGHM Sales in June. KGHM’s copper sales in June were 63.6 kt, up 1% YoY, and paid copper production was 59.3 kt, up 3% YoY. Silver sales were 140.7 t, up 21.6 t (+18%) versus the comparable period in 2025. KGHM said that in June 2026 higher paid copper production was recorded at KGHM Polska Miedź, with a simultaneous decline in foreign segments.
PKO BP securitisation of corporate loan portfolio. PKO BP entered into a package of agreements concerning synthetic securitisation of a corporate loan portfolio with a nominal value of 8.5 bn PLN. PKO BP said that as part of this transaction it transferred a significant portion of credit risk from the selected securitised portfolio to a company operating within the Christofferson, Robb _ Company investment structures.
SWIG80 and others
Celon Pharma Projects evaluated by SMART. Two Celon Pharma projects with a grant of 79.67 mln PLN were sent to the second stage of evaluation in the SMART path in the FENG call.
Cherrypick Games Bankruptcy announcement. The District Court for Warsaw decided to declare Cherrypick Games bankrupt. In March the company announced that it had decided to file for bankruptcy due to an inability to meet its financial obligations on time.
Digital Network Estimated quarterly revenue. Digital Network estimates that in Q2 2026 it had 60.9 mln PLN consolidated revenue, 198% higher YoY. Preliminary estimates show that consolidated revenue after the first half of 2026 totaled 103.9 mln PLN, compared with 35.9 mln PLN a year earlier.
Examobile Completion of strategic review. Examobile concluded a strategic options review and, in agreement with the Supervisory Board, plans to undertake actions aimed at developing new growth areas, including gradual optimisation and reduction of involvement in the current mobile app portfolio, as well as diversification of business areas and revenue sources.
Gaming Factory Sale of the game JDM: Japanese Drift Master. Sales of "JDM: Japanese Drift Master" on all platforms exceeded 300 k copies. It was announced that in the coming days the company will begin the next development stage of the game, culminating in the launch of a full multiplayer mode scheduled for July 29. Simultaneously, Gaming Factory has prepared a range of new activities and updates to increase community engagement and the title’s potential.
Ryvu Therapeutics Annex to the licensing agreement. Ryvu Therapeutics signed an annex to the global licensing agreement with Berlin‑Chemie AG concerning dapolsertib, which is significant for the further clinical development of the dapolsertib program, as it expands it with a new indication and defines the further scope of operational cooperation with the Menarini group. It was stated that based on the annex, Menarini will expand the dapolsertib program by starting a new phase II clinical trial in patients with myelofibrosis, a rare hematologic cancer.
Shoper Suspension of share trading. The Warsaw Stock Exchange decided to suspend trading of Shoper shares on the Main Market from 23 July 2026 until the shares are delisted.
XTPL Estimated quarterly revenue. XTPL estimates consolidated revenue for Q2 2026 at 298 k PLN versus 2 m PLN in the same period in 2025. Estimates do not include revenue related to the implementation of R&D projects funded by the company. Revenue from product and service sales in the first half of 2026 was 1.5 m PLN.
