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Bulls Reign: sWIG80 Reaches New Historic Record
๐Ÿ‡ต๐Ÿ‡ฑ Poland /Economy & Trade

Bulls Reign: sWIG80 Reaches New Historic Record

From Rzeczpospolita · () Polish

Translated from Polish, summarized and contextualized by DistantNews.

At a glance

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  • The Warsaw Stock Exchange (GPW) saw a strong performance, with the WIG20 index gaining 0.45% and small-cap stocks particularly excelling.
  • The sWIG80 index reached a new historical record, rising 1.33%, driven by investor optimism fueled by easing tensions in the Middle East.
  • Despite some mid-week dips, the overall week was positive for the GPW, with a significant appetite for stocks suggesting potential for further records.

The Warsaw Stock Exchange experienced another strong day on Friday, with bulls firmly in control. The main WIG20 index climbed 0.45%, but it was the small-cap companies that truly shone, pushing the sWIG80 index up by 1.33% to a new historical record. After three days of declines, green returned to the GPW, with the WIG20 briefly surpassing the 3700-point level. The market's positive reaction was influenced by investor optimism regarding any news about easing tensions in the Middle East. European markets opened following new all-time highs on Wall Street and strong sessions in South Korea and Japan, setting a positive tone.

Bulls seized the opportunity, launching a strong attack at the start of the European session, which was also reflected on the GPW. The WIG20 began the day with nearly a 1% increase. However, the buying momentum did not fully sustain, leading to modest fluctuations throughout the day, with gains hovering around 0.5%. The real stars of the day were the small companies. The sWIG80 index gained significantly, with notable increases in companies like Creotech Quantum and Comp, marking another historical record for the index.

The entire week can be considered successful for the GPW, despite the WIG20 ending three sessions in negative territory. A very strong Monday session combined with the return of gains on Friday was enough to declare the week positive. This reflects the current market sentiment. Any information about progress in peace talks in the Middle East is received very positively by the market. Conversely, unfavorable news no longer triggers sharp sell-offs. The appetite for stocks remains high, suggesting that further records are likely. Investors now look ahead to the next, slightly shorter trading week, which will not have a session on Thursday.

DistantNews Editorial

Originally published by Rzeczpospolita in Polish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.