On Sunday, U.S. President Donald Trump announced on Truth Social that Iran has 48 hours to reach an agreement or open the Strait of Hormuz, and if it fails to do so within the specified time it will lose its power plants and bridges.
Trump tightened his rhetoric in a Tuesday post. In such an environment, investors adopted a defensive stance and supply dominated in Europe. The German DAX fell yesterday by over 1%, and the French CAC40 dipped by nearly 0.7%. These sentiments did not spare the Warsaw exchange. The WIG20 fell on Tuesday by almost 0.5%.
The weakest link was Modivo (-7.3%), and the second-largest drop was LPP (-2.7%).
Conversely, the banking sector performed well, shielding the blue‑chip index from a larger overvaluation.
PKO BP’s shares rose by over 1%. Meanwhile, the Wall Street session was neutral. Both the S&P 500 and Nasdaq recorded modest gains. Investors hoped for a truce between Iran, the U.S., and Israel just before the deadline set by President Donald Trump’s ultimatum.
Despite yesterday’s concerns about an escalation of conflict in the Middle East, very positive information flowed into the market. President Donald Trump announced that he had agreed to Pakistan’s proposal for a two‑week ceasefire on the condition that Iran agrees to immediately open the Strait of Hormuz. Iran announced it would allow navigation on that route in coordination with its armed forces.
A senior White House official informed that Israel also joined the ceasefire. As a result, we see today euphoria during the Asian session. Japan’s Nikkei rises by over 5%, and South Korea’s Kospi climbs by over 7%. Futures contracts suggest that the opening of trade in Europe could be equally strong.
Dollar weakened by 1% falls to 3.64 PLN
DAX futures gain over 5%. We also observe a clear weakening of the dollar.
EUR/USD rate rises by 0.7% to over 1.168, and USD/PLN falls by over 1% to below 3.64.
This trend is visible in oil prices: Brent barrel price falls by over 13% and is already below 95 USD.
INDEX PRICES (LAST 12 MONTHS)
WIG20 and mWIG40
CD Projekt Cyberpunk update CD Projekt will release a free update for the game “Cyberpunk 2077” on Wednesday, April 8, enabling the use of PlayStation 5 Pro console features – the company announced via the title’s social media.
Inter Cars Revenue in March The Inter Cars Group had revenue of 2,075.9 million PLN in March 2026, representing a year‑on‑year increase of 19.7%. Sales of the group’s distribution companies abroad amounted to 1,068.4 million PLN in March, 25.4% more than a year earlier. In the first quarter of 2026, the group’s total sales were 5,309.4 million PLN, a 12% year‑on‑year increase.
mBank mBank estimates legal risk costs related to foreign‑currency‑indexed loans in the first quarter of 2026 at 72.6 million PLN. It added that these arise from updated model parameters.
Ten Square Games Estimated revenue Ten Square Games’ estimated consolidated user payments in games, excluding deferred revenue, in the first quarter of 2026 amounted to 98.3 million PLN. It was noted that 46.2 million PLN (47%) of the estimated payment amount refers to payments in the game Fishing Clash, 15.3 million PLN (15.5%) to payments in Hunting Clash, and 15.1 million PLN (15.4%) to payments in Trophy Hunter.
XTB Options trading in Germany and Spain XTB introduces the ability to trade options in Spain and Germany, and in the coming months options will be available for XTB clients in additional European markets. XTB enables investing in American‑style options on the 110 most popular U.S. stocks and ETF funds. The options module also includes 0DTE (Zero Days to Expiration) options on selected underlying instruments. Additionally, fractional options trading is available.
SWIG80 and others
Action March turnover The Action Group estimates that its turnover in March 2026 was about 248 million PLN, roughly 13.8% higher than the same period a year earlier. It was stated that the group’s overall margin remains consistently high, estimated at about 8.3%.
Answear Estimated revenue Answear estimates that sales revenue, according to IFRS reporting, increased in the first quarter of 2026 by 6.6% year‑on‑year to 375.7 million PLN. “In the new year we entered with an optimal inventory level, which allowed us to better prepare the offer for the upcoming season. The positive rebound we observed in March, along with higher temperatures and a well‑prepared spring collection, confirms the soundness of this strategy. The change in mood and growing interest in new products give us optimism for future quarterly results,” said the company’s CEO Krzysztof Bajołek.
Boombit March revenue The BoomBit Group recorded sales revenue of 22.36 million PLN in March 2026, a 2.1% month‑on‑month increase and a 49.7% year‑on‑year rise. The company stated that these results were driven by a diversified portfolio, especially recently introduced titles such as Mini Golf Club and Big Helmets: Heroes of Destiny.
Bumech Acquisition in South Africa Bumech signed an agreement outlining the terms for taking control of the Maranda zinc, copper, silver, and associated metals mine in Limpopo, South Africa. Maranda is a deep‑mining operation with mineralization from 100 m below the surface. Previously, extraction was carried out on 10% of the concession area at depths from 100 to 330 m below the surface, located in Maranda 932LT in the eastern part of Limpopo province.
Recykl Group Extended negotiations The Recykl Group signed an amendment to the agreement extending the negotiation period for acquiring shares in the German company HRV until the end of 2026. The amendment also changed the preliminary payment terms for the share price, setting a maximum transaction value of up to 8.37 million euros and establishing that the fixed portion of the price will be up to 4.9 million euros.
Wielton Lack of support for the Wielton Reefer investment The Wielton group’s subsidiary Wielton Reefer will not receive support from the Łódź Special Economic Zone for the planned investment in Bełchatów, which involves building a refrigerated trailer production plant.
