Strong growth in the USA helped the WSE in the finals. Ukrainian companies included in the price
A signal from the leader of the herd of global stock markets allowed the WSE session to close in positive territory. Although the US indices grew by 1-2%. the increase in Warsaw was minimal. At stake were companies operating in Ukraine, whose share prices rose in response to new opportunities for peace. On the other hand, it was losing the so-called arms industry.
Investors on the WSE were quite cautious about the continuation of the wave of growth on Wall Street. Let us recall that on Friday the Nasdaq and S&P500 were gaining after the increased chances of a December rate cut by the Fed. The change in valuations was allegedly driven by a dovish statement by the president of the New York Fed, John Williams, who sees the possibility of lowering interest rates again. by the US central bank in the near future. According to the FedWatch Tool, investors are currently pricing in 75%. chances that the central bank will reduce interest rates by 25 basis points. next month compared to 42 percent. a week earlier.
The mood in Europe and Asian stock exchanges was positive on Monday, but supply still prevailed on the WSE. After the start of the session in the US, the main indices managed to break even, but the increases did not correlate with the scale of the Western markets. In Europe, the DAX grew by over 1 percent, and on Wall Street the Nasdaq gained over 2 percent and the S&P500 by about 1.4 percent. The final on the WSE was neutral, although on the green side.
This time, the main indexes in Warsaw were omitted by the game for peace in Ukraine, in which only Ukrainian and arms companies participated. The macro calendar included a package of data on the Polish economy, including good data from industry and weaker-than-expected wage growth, which means less wage pressure and, therefore, supports the scenario of further interest rate cuts.
At the end of the day, WIG20 gained 0.1 percent, WIG was also higher by 0.1 percent. with an increase in mWIUG40 by 0.08%. and sWIG80 by 0.19 percent. What attracted attention was the turnover, which on the broad market exceeded PLN 3 billion, of which nearly PLN 2.7 billion concerned WIG20 companies. The most traded shares were Orlen (PLN 500.8 million), Żabka (PLN 348 million), PKO (PLN 264.5 million) and KGHM (PLN 213.7 million). The turnover on Allegro, Pekao, PZU, Dino amounted to over PLN 150 million, and on Budimex it was PLN 137 million.
A total of 14 company shares saw increases in WIG20. Budimex shares gained the most in WIG20 (6.62%). By 2.54 percent the shares of KGHM increased by 1.92%. Kęty Group. Over 1 percent the shares of CD Projekt (1.18%) and mBank (1.08%) also gained. The shares of Żabka (-3.24%), CCC (-2.68%), as well as PGE (-2.24%), Orlen (-2.05%), Dino (-0.8%) and Allegro (-0.51%) were below the line.
On the broader market, it is worth recalling that Orlen signed a contract with Pesa and Newag (3.20%) worth over PLN 800 million for the supply of 40 new locomotives. In turn, Eurocash shares fell sharply (-9.07%) after the results in which EBITDA profit in the third quarter of 2025 amounted to PLN 232.1 million compared to the consensus of PLN 237.4 million.
Share prices of companies from the broadly understood arms industry were also under pressure. This is typical behavior of the prices of companies such as Zremb (-8.06%), Lubawa (-6.62%), or recently Bumech (-7.72%), when investors speculate about the possible end of the war in Ukraine and the end of the arms boom.
On the other hand, shares of Ukrainian companies rose, especially after the weekend's reports that the draft peace plan revised during the talks in Geneva was consistent with Ukraine's national interests. WIG-Ukraine gained 7.24% on Monday. and this year it has already increased by over 70%. During the session, the strongest increases based on the game for possible peace were achieved by Agroton (18.05%). Milkiland (12.5%), Coal Energy (12%), KSG Agro (11.11%) and Kernel (10%).
