Brent oil falls 4.5%
Brent oil was over‑priced yesterday by more than 4.5%, most stock indices rose, and long‑term Treasury yields fell on most markets. It was also a good session for the domestic market, where only energy companies (WIG‑Energy fell 1.1%) and fuel giant Orlen (-2.7%) performed poorly in the sectoral view. Today’s macroeconomic calendar may draw local investors’ attention to the final reading of CPI inflation dynamics for March (the preliminary figure was 3.0%).
Similar data will also flow today from France and Slovakia. In the United States, the Beige Book (a report on the current economic situation and Fed monetary policy) and the weekly change in fuel inventories will be published. A series of speeches by representatives of major central banks is also planned. In addition, more U.S. companies will publish financial results for Q1 2026 – reports will include Bank of America and Morgan Stanley. In Poland, PGE will share results for the previous year.
Prospects for starting today’s session on the Warsaw Stock Exchange are moderately positive. The favorable momentum from yesterday’s gains on Wall Street and today’s gains in most Asian indices support this. Oil price declines continue, which in the current environment should be interpreted as good news. At the same time, however, futures contracts on major European indices remain largely unchanged from yesterday’s closing levels, suggesting a cautious start to the session on the Old Continent.
WIG in the daily layout
Company events
AUTOPARTN Publication of the individual and consolidated report for 2025.
COMP Publication of the individual and consolidated report for 2025.
CREOTECH Publication of the 2025 report.
KOGENERA Publication of the individual and consolidated report for 2025.
PGE Publication of the individual and consolidated report for 2025.
POLIMEXMS Introduction of 1,500,000 common bearer shares of Series S to trading on the Warsaw Stock Exchange.
SANPL ZWZA regarding, among other things, profit distribution, dividend day, and dividend payment date.
Company statements
BNP PARIBAS
The ordinary General Meeting of BNP Paribas Bank Polska decided that net profit for 2025 will be allocated to dividends at about 1.51 billion PLN, giving 10.2 PLN per share.
CYBER_FOLKS The board of cyber_folks recommends that the general meeting allocate 38.16 million PLN from 2025 net profit for dividend payment, which will be 2.5 PLN per share.
ELEKTROTIM
1. Elektrotim recommends that the general meeting pay 19.9 million PLN in dividends from 2025 profit, amounting to 28.8 million PLN, which is 2 PLN per share.
2. At the end of December 2025, Elektrotim’s order book was 733 million PLN, an increase of 34% year‑on‑year. In its structure, 514 million PLN are contracts in the electric grid segment, and 219 million PLN in the installation and infrastructure area.
ENEA The board of Enei adopted a resolution regarding the 2025 profit distribution proposal, which suggested allocating part of the profit amounting to 296,649,412.08 PLN for dividend payment, i.e., 0.56 PLN per share. ENTER AIR UOKiK obliged Enter Air to pay consumers a total of over 8.2 million PLN.
MIRBUD Mirbud signed an agreement with the City of Warsaw worth 237.599 million PLN gross for the construction of a sports and exhibition hall with an above‑ground parking lot at 5 Wawel Street in Warsaw as part of the investment task titled "Modernization of the area at 5 Wawel Street – Phase II".
MURAPOL
1. Murapol Group had a net profit of 111 million PLN in Q4 2025, while PAP Business consensus expected 113 million PLN.
2. Murapol Group sold a total of 953 units to retail customers in Q1 2026, 8% more year‑on‑year. The company had over 3.8 thousand units in its offer at the end of the first quarter.
PGE
1. PGE’s board recommends not paying a dividend for 2025. It was noted that the decision is in line with dividend policy and is based on two pillars: building the group’s financial stability and flexibility, and the strategic need to reinvest profits.
2. PGE Renewable Energy selected the contractor for the Gryfino Energy Storage with a capacity of up to 400 MW and a minimum capacity of 800 MWh. The project will be implemented by a consortium of two Polish companies: SPEC BAU Polska and EL Professional.
PKO BP PKO Bank Polski estimates legal risk costs related to mortgage loans denominated and indexed to foreign currencies, included in the weight of Q1 2026 results, at 388 million PLN.
PZU The supervisory board of PZU appointed Bogdan Benczak to the board of the new term, entrusting him with the role of chairman.
SANOK Sanok Rubber Company consolidated 1,694,172 treasury shares totaling 34.42 million PLN.
ŚNIEŻKA
1. Śniewka’s EBITDA in Q4 2025 was 12.6 million PLN, and revenue was 137.8 million PLN. PAP Business consensus expected 17.6 million PLN EBITDA and 154.9 million PLN revenue.
2. Śniewka’s board recommends paying 5.15 PLN dividend per share from 2025 profit, totaling 64.98 million PLN.
VOTUM The Votum board recommended allocating 96,940,000 PLN from 2025 net profit, which was 106,342,388.86 PLN, for dividends. The board requests the inclusion of two dividend advances totaling 36,940,000 PLN, meaning the remaining amount to be paid is 60,000,000 PLN, i.e., 5.00 PLN per share.
Technical analysis signals
BNPPPL Stock prices are falling below the broken high at 162.5 PLN (on low volume), which looks like a local correction.
COGNOR A white candle on a clearly rising volume looks like a signal of a rising impulse. The resistance zone is relatively close, around 5.54‑5.65 PLN.
COMP A high white candle on a clearly rising volume looks like the start of a rising impulse.
CDPROJEKT A high white candle on rising volume looks like the start of a rising impulse within long‑term consolidation.
ZABKA A high white candle on rising volume reaches the resistance zone 24.65‑25 PLN, signalling buying pressure in that area.
