The trading volume was close to 2.49 billion PLN, and the basket of the twenty largest companies accounted for over 2.06 billion PLN. From the end of the session, it is clear that the bulls helped reverse the situation in the broader environment, which operated in the context of falling oil prices, rising metal prices, and ultimately a greater appetite for risk.
4 out of 5 banks in WIG20 saw gains
The performance of key companies in WIG20 reflects this balance of forces, with KGHM shares rising 2.32 percent after yesterday's drop of 6.69 percent, and Orlen shares falling 0.37 percent after a mid‑week gain of 3.51 percent. Banking stocks performed well again, with the WIG-Banks index gaining 0.82 percent and 4 out of 5 banks in WIG20 rising.
Pepco leads gains +4.66%
The biggest gain in the blue‑chip basket was recorded by Pepco, which rose 4.66 percent, while the weakest blue‑chip was Żabka Group shares, down 2.26 percent.
Unfortunately, the above gains did not translate into a technical breakout.
Although WIG20 was in the 3720‑point area in the morning, it ultimately finished the session below 3700 points, closing around 3686 points.
From a technical perspective, this means that the 3700‑point level remained out of reach of buying pressure at the session close, but the psychological barrier now appears more as a level of supply and demand equilibrium rather than a selling advantage.
The spread also confirms the market’s sensitivity to the behavior of base markets, and one must always assume that the key to bull success around 3700 points lies with global markets.
One must also remember that, from a technical standpoint, breaking 3700 points will only be the beginning of a confrontation with the bull peak marked by WIG20 around 3788 points, so when assessing market conditions it is better to think of a resistance zone around 3788‑3700 points awaiting a breakthrough.
