2025-12-17 17:15
publication
2025-12-17 17:15
Wednesday's session did not bring any major volatility on the Warsaw Stock Exchange. WIG and WIG20 ended trading neutrally and just below Monday's bull market highs. Shares of energy companies rose significantly in response to the approval of next year's tariffs by the Energy Regulatory Office.
WIG20 ended the day at 3,105.78 points, which translated into an increase of a symbolic 0.08%. WIG gained 0.12%, remaining at 114,381.38 points. with a turnover of nearly PLN 2.4 billion. Of this amount, two billion – or 84% – went to WIG20 companies. Basically, it was a waiting session that did not change the market picture.
It is worth noting two facts. The first was relatively high turnover, exceeding what we had seen in previous weeks. The second was the main stock exchange indices remaining close to the new bull market peaks set on Monday. Let's add to this that this result was achieved amid poor sentiment on Wall Street (S&P500 lost 0.7% and Nasdaq 1.1%) and indecision on European stock exchanges (FTSE100 gained 1.2%, but DAX lost 0.3%).
– Today's session seems a bit disappointing from the perspective of the performance of American contracts. We may be seeing the beginning of a backward rotation towards technology. From this perspective, today's behavior of the Polish market would be understandable – Kamil Cisowski, director of the DI Xelion analysis and investment advisory team, told PAP Biznes.
As usual, at the end of the year, stock market analysts point to seasonality, which favors increases in share prices in November and December. – Seasonality on the Warsaw Stock Exchange is very strong at the end of December and the beginning of January. For now, I don't see any major obstacles to the indices growing, added Kamil Cisowski.
The investment topic of the day was energy companies. PGE's shares gained 5.5%, and Tauron and Enea's shares gained over 6%. The industry WIG-Energy increased by 5.4%. It is difficult not to associate these increases with the URE tariffs announced on the same day. The office reduced the regulated energy price for households only cosmetically (by 1%), but at the same time approved an increase in the distribution tariff by as much as 7.6% on average.
The second driving force of growth in WIG 20 was the 4.4% increase in CCC share prices. Let's not forget that on Tuesday, the footwear company's quotations dropped by over 8% due to reports by the Financial Times about allegedly benefiting from its presence on the Russian market. Historical records (calculated at closing prices) were driven by LPP shares, which grew by 3.1%. Additionally, the prices of KGHM shares increased by over 2%, and during the day they cost over PLN 260 for the first time in history.
The red light of WIG20 were the shares of Pepco, falling by almost 5%. Before the session, the company presented results for the previous fiscal quarter, but Pepco's shares fell below the mark only after 3:30 p.m. Moreover, the shares of Bank Pekao were overvalued by 2.3% after the Office of Competition and Consumer Protection imposed a fine of PLN 119 million on the Pekao group. Budimex shares dropped by 3.5% despite the lack of new information from the company.
It is also worth noting the continuing weakness of the broader market. More than half of the securities listed on the main market ended the day in decline, while 37% of the stocks were in green. sWIG80 also finished with a slight loss (-0.3%).
K.K
