WIG20 gained 1.8% recovering most of the earlier discount and thus we closed at the highest level this year, once again surpassing the round 3,700 points. The sale of the last batch of shares by Allegro shareholder (private equity funds had been exiting the shareholder base regularly since the company's IPO) resulted in a sharp price jump of almost 7.8%.
PGE -2.6%, Tauron -3.5%
Lower oil prices benefited companies such as Budimex, while negatively affecting energy company listings (PGE -2.6%, Tauron -3.5%).
This time lower Treasury bond yields did not hurt the banking sector, whose index rose by 2.4%.
After last week's results we still see investor rotation taking profits on LPP (-4.2%) and buying Modivo (+5.2%, but still -23% YTD).
We observed a slightly smaller rebound on the mid-cap index, although it still gains a bit more than WIG20 on a year-to-date basis. Globally, the strongest discounting of Middle East peace was seen in oil prices, which fell 4-5% depending on the type.
This positively impacted the bond market, where 10‑year U.S. Treasury yields fell nearly 4.4%, to the lowest level since the beginning of May. We saw a smaller rebound in precious metals and global exchanges.
After a relatively stronger session on Monday, on Tuesday U.S. indices made gains, with the technology Nasdaq showing higher volatility (-1.7%) compared to the S&P 500 (-0.5%).
Today the most important event of the week on the macroeconomic calendar is the first Federal Reserve meeting under Kevin Warsh’s leadership. While the June decision is expected to be unchanged (3.50-3.75%), the post‑meeting statement and the conference itself will be crucial. Following recent U.S. labor market data, expectations for interest rate hikes have shifted to the end of 2026.
Stabilizing the Middle East reduces the likelihood of hikes, but markets will consider any comments and suggestions about Fed officials’ views on the impact of high energy prices on the U.S. economy.
WIG20 and mWIG40
Asbis The expansion of Apple distribution by ASBIS Group announced the entry into force of an agreement signed by the Group’s subsidiary – ASBIS MIDDLE EAST – and Apple Distribution International Ltd., making the Group the non‑exclusive, independent distributor of Apple products with added value in 14 African countries: Algeria, Benin, Mali, Mauritania, Guinea, Burkina Faso, Niger, Guinea Bissau, Ghana, Ivory Coast, Sierra Leone, Liberia, Cape Verde, and Togo. ASBIS is currently the sole distributor of Apple products in these countries.
Cyfrowy Polsat The appointment of the TiVi Foundation chairman, a shareholder of Cyfrowy Polsat, named Piotr Żak as chairman of this new company effective 23 June 2026. Piotr Żak has been chairman of Telewizja Polsat Sp. z o.o. since January 2024 and chairman of Cyfrowy Polsat since December 2025. Since December 2025 he also sits on the board of ZE PAK, serving as chairman there.
Orlen The government adopted the windfall tax project. On Tuesday the government adopted a draft law on a tax on extraordinary profits from the sale of liquid fuels earned between March and December 2026. Under the law, taxpayers will pay a total of 4 billion PLN this year and next. To determine whether a company achieved extraordinary profit, actual revenues will be compared to hypothetical revenues. Hypothetical revenues are calculated based on the average margins achieved by the company in 2025, increased by an additional 20%. The tax rate will be 60% of the calculated taxable base (extraordinary profit).
Polenergia The plan to call shareholders of Polenergia – BIF IV Europe Holdings and Mansa Investments – to register for the sale of 17,077,229 shares. The price at which the caller intends to purchase shares is 59.1 PLN per share. The goal is the company’s delisting.
Synektik Share sale at ABB. Synektik shareholder, Książek Holding, completed the accelerated book‑building process, aiming to sell about 1,376,143 shares (16.13% stake). The sale price per share was set at 300 PLN. After settlement, ABB’s shareholder will no longer hold the company’s shares.
SWIG80 and others
Archicom Dividend. The general meeting of Archicom decided to pay a dividend of 105.3 million PLN from 2025 net profit, which equals 1.80 PLN per share. The dividend date was set for 17 July, and payment will occur on 31 July 2026.
Eurotel Eurotel’s share buyback invites shareholders to submit sale offers for up to 123,810 shares, about 3.3% of total votes, at a price of 31.5 PLN per share. Offer acceptance begins 17 June, with the closing date on 23 June 2026.
Fabrity Dividend. The ordinary general meeting of Fabrity decided that a total of 6.95 million PLN will be paid as dividend. The dividend date is 19 June 2026, and the payment date is 24 June 2026.
Fasing Dividend. The ordinary general meeting of Fasing decided to pay a dividend of 1.55 million PLN for 2025, i.e., 0.5 PLN per share. The dividend date is 23 June 2026, and the payment date is 27 August 2026.
Lokum Developer Dividend. The general meeting of Lokum Developer decided to pay a dividend of 18 million PLN from 2025 net profit, which equals 1 PLN per share. The dividend date is 24 June, and the payment date is 29 June 2026.
Mostostal Warsaw Annex to the Mostostal Warsaw and Acciona Construcción agreement signed an annex with GDDKiA for the construction of the S19 expressway from the Rzeszów Południe junction (without junction) to the Babica junction (with junction) of about 10.3 km. The annex increases the maximum revaluation limit for contract works from +/-15% to +/-27% of the accepted net contract amount.
Mostostal Warsaw The lawsuit against GDDKiA. Mostostal Warsaw filed a lawsuit against the State Treasury – the General Director of National Roads and Motorways. Mostostal Warsaw seeks a total amount of 152.53 million PLN plus statutory interest for delay in the contract to build the S19 road from the Domaradz junction (without junction) to the Iskrzynia junction (without junction). In May it was reported that the General Director of National Roads and Motorways sent Mostostal Warsaw a demand for payment of 106.33 million PLN for the guarantee of proper execution of the S19 road section.
