Poland's principal equity gauge ended Monday's session higher, with the WIG30 rising 0.65% to close at a fresh all time high in Warsaw. Sector strength was led by Energy, Information Technology and Basic Materials, which together supported the advance.
Top movers
On the WIG30, Asseco Poland SA (WA:ACPP) recorded the largest gain, finishing up 3.63% - a rise of 7.25 points - to close at 207.00. PGE Polska Grupa Energetyczna SA (WA:PGE) and Enea SA (WA:ENAE) also posted notable advances. PGE added 3.31%, or 0.34 points, to end the session at 10.45, while Enea rose 3.31%, or 0.65 points, to 20.26.
Lagging names
Among decliners, Allegro (WA:ALEP) led losses on the index, sliding 1.32% or 0.60 points to close at 44.39. Zabka Group SA (WA:ZAB) fell 0.94% or 0.30 points to 31.50, and Benefit Systems SA (WA:BFT) was down 0.74%, a decline of 40.00 points, to finish at 5,360.00.
Market breadth and internals
Advancers outnumbered decliners on the Warsaw Stock Exchange, with 331 stocks closing higher against 225 that fell. An additional 84 issues finished unchanged.
Commodities and currency moves
Commodity markets were weaker during the trading day. US crude oil for September delivery dropped 5.86%, a fall of 4.96, to trade at $79.71 per barrel. Brent futures for October delivery declined 4.53%, or 3.98, to $83.95 a barrel. December Gold Futures eased 0.45%, slipping 18.65 to trade at $4,088.35 per troy ounce.
Currency moves showed the euro and the dollar strengthening against the polish zloty. EUR/PLN rose 0.13% to 4.31, while USD/PLN increased 0.33% to 3.75. The US Dollar Index Futures was modestly higher, up 0.04% at 99.83.
Where things stand
The WIG30 closed at a record level, propelled by gains in several large-cap names across energy, technology and materials. While a number of top-weighted stocks pushed the index higher, several consumer-facing and services companies ended the session in negative territory. Simultaneous declines in crude and Brent oil were notable developments during the session and were recorded alongside the market moves.