WIG30 Up 0.93% as Polish Stocks Rise on Sector Gains

Polish Market Closes with Strong Gains

The Polish stock market ended Thursday's session on a positive note, with the benchmark WIG30 index climbing 0.93%. The upward momentum was primarily fueled by strong performances in the Basic Materials, Chemicals, and Oil & Gas sectors.

Market Performance Overview

Among the top performers on the WIG30, game developer CD PROJEKT SA (WA:CDR) surged by 8.03%. Jastrzebska Spotka Weglowa SA (WA:JSW) also saw a significant gain of 5.06%, reaching a new 52-week high. Meanwhile, KGHM Polska Miedz SA (WA:KGH) rose 3.07% to an all-time high.

On the downside, Asseco Poland SA (WA:ACPP) was the session's worst performer, falling 5.06%. Overall market breadth was positive, with 274 stocks advancing compared to 256 declining.

Key Stock Movements

The session was notable for several individual company milestones. Shares in Jastrzebska Spotka Weglowa SA rose to a 52-week high, while copper and silver producer KGHM Polska Miedz SA reached a new all-time high, reflecting strong investor confidence in the materials sector.

Concluding Market Summary

The session concluded with clear strength in key industrial sectors, pushing the main index higher despite mixed performance across individual stocks. The record highs for major companies underscore the current positive sentiment in specific market segments.

FAQ

Q: Which index reflects the Polish market's performance in this report?
A: The report focuses on the WIG30 index, which tracks the 30 largest companies on the Warsaw Stock Exchange and closed up 0.93%.

Q: Which company was the top performer of the day?
A: CD PROJEKT SA was the best-performing stock, with its shares rising by 8.03%.

Source: Investing.com