Sellers Dominate Monday's Polish Stock Trading

Sellers took the initiative on the Polish stock market at the start of the week, pushing the WIG20 index down by more than 1.5% by the end of trading. The Warsaw exchange's weakness was primarily driven by a decline in sentiment across other European stock markets, where investors readily sold off shares. Events in the Middle East continued to heavily influence investor sentiment. The optimism from the previous week, fueled by hopes for a peace agreement between the US and Iran and the full unblocking of the Strait of Hormuz, evaporated from the market. Prolonged negotiations have sown doubts among investors, confirmed by a strong rebound in oil prices and a retreat from risky assets.

On the domestic market, sellers were highly active among the largest companies. LPP shares stood out negatively, leading the index's steepest declines at nearly 5%. CD Projekt shares were also significantly discounted, extending the previous week's correction. Shares of Dino, Żabka, and banks were also targeted. On the other end, Orlen shares experienced a notable rise, supported by increasing oil prices. KGHM's performance was boosted by rising copper prices on global metal exchanges.

Across the broader market, sellers predominated, but some companies' shares attracted considerable buyer interest. The small-cap sWIG80 index managed to avoid the sell-off and set a new record. Among individual stocks, Lubawa shone brightly, with shares rising over 30% after announcing a nearly 600 million PLN contract to supply products for the Polish army.