Polish stocks experienced a positive trading session on Monday, with notable gains particularly in the Basic Materials, Oil & Gas, and Energy sectors. The main index closed higher in Warsaw, reflecting an increase of 1.37%.
Among the standout performers on the WIG30 index was X Trade Brokers Dom Maklerski SA, which surged by 6.57%, equating to an increase of 6.60 points, bringing the stock to a closing price of 107.12. Similarly, KGHM Polska Miedz SA saw a significant rise of 5.32% or 18.00 points, closing at 356.65. PGE Polska Grupa Energetyczna SA also made gains, climbing 3.56% or 0.38 points to finish at 10.92.
Conversely, several stocks reported declines in the session. Dino Polska SA faced a notable drop, falling 2.60% or 0.79 points to a close of 29.60, marking a three-year low for the company. MODIVO SA also experienced a downward trend, with shares decreasing by 1.93% or 1.50 points to end at 76.30, hitting a 52-week low. LPP SA was another laggard, declining by 1.06% or 220.00 points, settling at 20,600.00.
On the Warsaw Stock Exchange, declining stocks outnumbered those that advanced, with a ratio of 303 to 258, while 86 stocks remained unchanged.
In the commodities market, crude oil prices saw a boost, with West Texas Intermediate crude up by 1.98% or 1.89, trading at $97.31 a barrel. Brent oil for July delivery also rose, increasing by 2.27% or 2.30 to hit $103.59 a barrel. Additionally, gold was slightly up, gaining 0.23% or 11.11 to trade at $4,741.81 per troy ounce.
On the currency front, the EUR/PLN pair rose by 0.17% to 4.24, while the USD/PLN increased by 0.18% to 3.60. The DXY index, which measures the U.S. dollar against a basket of currencies, recorded a minimal decline of 0.03%, settling at 97.75.
