Poland Stocks Decline at Trade Close; WIG30 Falls 1.96%

Poland’s stock market experienced a downturn after the closing bell on Friday, primarily driven by losses in various sectors.

At the close in Warsaw, the main index dropped by 1.96%.

Among the day’s top performers were Allegro, which increased by 1.00%, up 0.36 points to reach 35.83. Benefit Systems SA also saw a slight gain, rising 0.60% or 15.00 points to finish at 2,500.00. KGHM Polska Miedz SA saw a modest increase of 0.48%, growing 0.70 points to close at 146.85.

Conversely, the biggest losses were recorded by LPP SA, which fell by 5.19%, down 770.00 points to settle at 14,080.00. Dino Polska SA followed closely, decreasing 5.06% or 16.80 points to end trading at 315.30. Grupa KĘTY SA also faced a decline, dropping 4.36% or 34.50 points to close at 756.50.

Overall, declining stocks outnumbered those that advanced on the Warsaw Stock Exchange, with 297 falling compared to 206 rising, while 104 remained unchanged.

In commodities, crude oil for November delivery decreased by 0.49%, dropping 0.35 to $70.81 per barrel. Brent oil for the same month fell by 0.67%, or 0.50, to $74.38 per barrel. Meanwhile, December gold futures rose by 1.12%, increasing 29.40 to trade at $2,644.00 per troy ounce.

In currency markets, the EUR/PLN remained unchanged at 4.27, while USD/PLN saw a slight uptick of 0.10%, reaching 3.83. The US Dollar Index Futures rose by 0.28%, settling at 100.60.