Tech frenzy and cheaper oil drive the markets. GPW rises, Pepco rockets
Strong demand for technology outweighed concerns about a renewed escalation of the conflict between the US and Iran, and oil prices fell 2%. The Warsaw Stock Exchange also helped lift market sentiment.
WIG20 finished trading up 0.37% at 3,686.03 points, while the broader WIG rose 0.28%. The mWIG40 index remained largely unchanged, and the sWIG80 gained 0.20%.
The leader of the largest companies index turned out to be Pepco, whose share price rose 4.66% yesterday after raising expectations for core EBITDA growth.
From macroeconomic events, Adam Glapiński’s statement was significant, signalling that a rate cut could be considered after the holidays, provided inflationary prospects and geopolitical conditions do not worsen. On Thursday we also saw data from the US labor market.
The number of new unemployment benefit claims fell to 215 thousand versus expected 218 thousand. The data confirmed that despite slower hiring, the scale of layoffs in the United States remains limited.
The Thursday reaction on Wall Street and morning gains in Asian markets should favor today’s European trading. In the macroeconomic calendar, the most important data today will be June inflation in Germany and France. At 10:00 a.m. industrial production data for Italy will also be released, and at 2:00 p.m. a minutes of the Monetary Policy Council meeting will be published on our domestic market. Investor attention will definitely focus on the SK Hynix debut, which has a chance to become the biggest debut in the history of the American market.
WIG20 and mWIG40
GPW Capital market activity Total capital transaction value on the Main Market of GPW in Q2 was 15.8 billion PLN. It was reported that eight ABB transactions, ten IPO offers and six debuts included in the Q2 statistics amounted to a total transaction value of 15.8 billion PLN.
Kruk Investments in Kruk portfolios in Q2 2026 were 351 million PLN, compared to 577 million PLN a year earlier. Repayments from portfolios acquired by the group amounted to 1.039 million PLN, up 5% YoY. In Q2 the group bought portfolios with a nominal value of 1.101 million PLN, versus 2.581 million PLN a year earlier. Kruk said that 85% of the investments concerned the purchase of unsecured retail receivables.
Mirbud The group's order portfolio value at the end of June 2026 was 8.87 billion PLN net. The order portfolio value for infrastructure contracts at the end of June was 7.484 billion PLN net, and in the volumetric construction segment 1.296 billion PLN.
Pepco Group Pepco Group’s quarterly revenue in Q3 2025/26 was 1.089 million euros excluding deals, representing an 8.5% YoY increase. LFL revenue excluding FMCG rose 5.4% (LFL including FMCG rose 4.2%). Pepco Group expects that by the end of fiscal year 2026 the core EBITDA growth rate will reach several dozen percent YoY. Pepco expects revenue growth of 6‑8% and a gross margin of about 51%.
XTB XTB’s brokerage account growth over the year added 589.067 thousand accounts. By the end of June 2026 the number of securities and collective accounts was 1.134 million. In the month, XTB opened 46.609 thousand accounts.
SWIG80 and others
Archicom Quarterly sales of units Archicom Group, within the group’s activities and in managing residential projects for Echo Investment, signed 719 pre‑sale agreements and developer agreements in Q2 2026 compared to 632 agreements in Q2 2025. Archicom reported that in Q2 2026 425 units were handed over, of which 55 were direct handovers by Echo Group carried out by Archicom under the relevant management agreement, compared to 380 units handed over in Q2 2025.
Cavatina Holding The Board of Cavatina Holding resolved to issue up to 75,000 P2026B bonds with a total nominal value not exceeding 7.5 million euros under the V prospectus program, with the possibility of increasing the number to no more than 115,000 bonds with a total nominal value up to 11.5 million euros.
Iron Wolf Studio Iron Wolf Studio’s strategic options review began. It was stated that the company will consider various possibilities, including: investing in a company through direct cash injection, financing future productions, potential equity issuance, share exchange between companies, and establishing close cooperation with another entity in operational activities.
Krka Dividend for 2025 The General Assembly of Krka decided to pay a gross dividend of 9.1 euro per share for 2025, 10.3% higher than the previous year. The total dividend will be 275.7 million euros. The payout will occur on July 23, and the dividend date is July 22.
Medicalgorithmics Estimated quarterly results Medicalgorithmics estimates that in Q2 2026 consolidated sales revenue totaled 10.8 million PLN versus nearly 7 million PLN a year earlier. EBITDA is estimated at 1.2 million PLN, whereas a year earlier the company had an EBITDA loss of 0.95 million PLN. US market revenue is estimated at 4.7 million PLN, and the number of sessions, i.e., ECG analyses performed using the company’s systems reached 118,174.
Zremb‑Chojnice Production‑investment agreement Zremb‑Chojnice entered into a production‑investment agreement with a company specializing in metal and industrial structure production and with an individual who is a potential investment partner, to establish a new target company whose task will be to build a new production plant.
