WIG20 rose by 1.43%
WIG20 increased by 1.43%, ending the day around 3586 points with solid trading volume exceeding 1.57 trillion PLN, although the opening trade was under clear pressure from weaker sentiment in Europe and ongoing uncertainty around the Middle East.
In the first hours of the session, the index was again pulled back to around the local bastion of 3530 points, but it was there that buying activity emerged, taking control of the price action with each passing hour.
The growth structure was relatively healthy and based on the heavy components of the index – in the first part of the day, banks and PKN Orlen (+2.54%) played a stabilizing role, benefiting from sustained high oil prices.
PGE (+3.56%), mBank (+2.22%), Alior (+2.11%) and PKO BP (+1.57%)
In the second half of the session, KGHM (+5.32%) entered the game decisively, and with the rebound in the industrial and precious metals market, it gave the index a noticeably higher pace. PGE (+3.56%), mBank (+2.22%), Alior (+2.11%) and PKO BP (+1.57%) also performed well, confirming broad support from the financial‑resource sector.
Dino (-2.60%), Modivo (-1.93%) and Allegro (-0.47%)
Negatively stood out Dino (-2.60%), Modivo (-1.93%) and Allegro (-0.47%), but their impact on the index was limited and could not upset the demand-side advantage.
Against a backdrop of mixed sentiment in Europe, where some markets remained under pressure, the improvement in sentiment was gradual and noticeably accelerated with the opening of Wall Street. The US500 gained about 0.34% and set new highs, while the US2000 rose about 0.72%, creating a favorable backdrop for risk assets, which translated into better performance of the Warsaw Stock Exchange in the second part of the day.
Additional support came from the commodity segment – the rebound in metal prices clearly fueled companies such as KGHM, and stable energy prices supported the energy sector. Technically, the session delivered a clear defense signal at 3530 points and a dynamic rebound that allowed almost a full recovery of the Friday correction.
The return to around 3600 points improves the short‑term market picture and suggests that bulls are regaining control of the trend, although the lack of clear acceleration above that level may indicate a move into a short consolidation phase.
The key remains maintaining the 3530‑point zone, while a potential worsening of global sentiment, especially in the geopolitical context, remains the main risk for continued upward momentum.
