Poland's WIG30 Index Reaches New All-Time High

WIG30 Index Closes at Record Level

The Warsaw Stock Exchange saw its benchmark WIG30 index close up 0.04%, reaching a new all-time high on Wednesday. The marginal gain was sufficient to set a new record for the Polish market index.

Sector Performance and Market Breadth

The advance was primarily driven by strong performance in the Oil & Gas, Construction, and Developers sectors. However, overall market sentiment was mixed, as falling stocks outnumbered advancing ones on the Warsaw Stock Exchange by a margin of 319 to 248, with 91 stocks ending the session unchanged.

Key Stock Movements

Among the top performers on the WIG30 were Dino Polska SA, which surged by 4.79%, and Polski Koncern Naftowy ORLEN SA, which added 4.17% to hit a 5-year high. Conversely, Asseco Poland SA was the session's worst performer, declining sharply by 12.76%. CCC SA also saw a significant drop of 4.60%, falling to a 52-week low.

Summary and Outlook

While the WIG30 index achieved a new milestone, the broader market showed signs of weakness with more decliners than advancers. Future performance will likely depend on the sustained strength of leading sectors and the resolution of pressures on underperforming large-cap stocks.

FAQ

**Q:** Which Polish stock index hit a new record?
**A:** The WIG30 index reached a new all-time high.

**Q:** Which sectors drove the gains?
**A:** The Oil & Gas, Construction, and Developers sectors were the primary drivers.

**Q:** What was the best-performing stock on the WIG30?
**A:** Dino Polska SA was the top performer, rising 4.79%.

Source: Investing.com