publication
2025-10-24 17:15
Even optimism on Wall Street and new records of the S&P500 and Nasdaq were not able to lift our WIG 20. The Polish market wasted an ideal opportunity to set new highs. And as we know, missed opportunities take revenge.
Over recent days, the Polish stock market has shown relative strength compared to stock exchanges from developed markets. But this time it was different. After the publication of slightly lower-than-expected inflation data in the United States, there was a bubbly mood on Wall Street, which pushed the Nasdaq and S&P500 to new all-time highs.
But this little euphoria did not affect investors from Książęca. WIG20 lost 0.12% on Friday and ended the week at 2,981.19 points. That is, below the psychological limit of 3,000 points and below the August peaks of the bull market. If our market is unable to grow in such a favorable foreign environment, it may be difficult to achieve new records in the near future.
– Today's session is a consolidation session, to catch your breath, but in the medium term there are no signs of an end to the growth and it seems that the upward movement may continue next week. In my opinion, at least the peak of the first half of August is achievable. We cannot rule out a scenario in which this level will be broken and the increases will remain with us for the next weeks – however, Przemysław Smoliński, an analyst at BM PKO BP, was quoted by PAP Biznes.
– Currently, increases are likely even above, around 3,100 points. It seems that the downward correction that the indices started in mid-August has ended and a further upward move is likely at least in the next sessions, and perhaps in the coming weeks – added Smoliński.
The historical maximum from August was equalized by WIG, but it happened at the beginning of Friday's session. Throughout the rest of the day, WIG was sliding down, balancing on the border of the line marked by the close of Thursday's quotations. Ultimately, the oldest index of the Warsaw Stock Exchange ended trading at 111,427.76 points. That is 0.13% below the mark. This happened with a total turnover of PLN 1.52 billion, which is relatively low by this year's standards.
For the second day in a row, declines also prevailed on the broad market. There were almost 20% more falling stocks than rising stocks. Interestingly, both the number of securities reaching at least 52-week highs and lows increased compared to Thursday's session. In this context, it is worth mentioning that Orlen's prices are the highest since November 2019. And the price of Tauron exceeded PLN 10 for the first time in history.
The indices of smaller and medium-sized companies also ended the day slightly lower. mWIG40 lost 0.24%, but sWIG80 managed to gain 0.12%. In terms of sectors, the worst performance was recorded in the mining industry, where investors realized profits on KGHM shares (-1.4%) and continued to sell JSW shares (-1.7%). In turn, the energy sector was by far the strongest industry (+2.25%).
