Orlen is the strongest in WIG20 and above PLN 100 again. WIG surpassed 120,000. pts. first time in history
After a great 2025 on the Warsaw Stock Exchange, the new year started in excellent spirits, bringing further records on the indices and increases in share prices of the bull market leaders. The first session of 2026 raised the WIG broad market index above 120,000 points for the first time in history. The all-time record was also broken by mWIG40. In turn, WIG20 was the strongest index in Europe that day. Meanwhile, there is still no greed on the market, as shown by the latest Bankier.pl index.
The first trading session of AD 2026 brought a wave of increases and several records on the Warsaw Stock Exchange. Firstly, the historical peak of 12,193.57 points was reached by WIG. It was the first session in which the oldest Polish index was above 120,000. points. Let us recall that 2025 started with a level below 80,000. pts.
The all-time record was also broken on Friday, January 2 by mWIG40, climbing to 8,408.75 points at the end of the session. sWIG80 was also close to the October peak, but it was less than 200 points away from being beaten, i.e. about 0.5%. At the top of the bull market was WIG20 (3,268.66 points), which is climbing towards historical records.
At the end of the day on Friday, WIG20 gained 2.46%. to 3,262.48 points and became the strongest main index in Europe. WIG ended the day with an increase of 2.51%. up to 120,181.05 points In turn, mWIG40 gained 2.77 percent and sWIG80 2.52 percent. The turnover on the broad market was estimated at PLN 2.08 billion, of which PLN 1.6 billion related to WIG20.
The Bankier.pl Fear and Greed Index was recently seen at a neutral level, but the trend shows the index heading towards market greed. Our index is focused on the Warsaw Stock Exchange, but also includes data from the treasury bond market and the activity of Bankier.pl readers, who constitute the largest investor community in Poland. The index takes into account 6 different components, which we describe here.
The excellent performance of WIG20 was built, first of all, on the strong ratings of banks. Their WIG-Banki index reached a new historical peak (19,852.94 points). Shares of the largest Polish bank, PKO, increased by 3.29%. In turn, mBank's share price gained 3.53% and over 3%. Alior shares also generated (3.3%). For now, the forecasts that investors would discount the reading of flash CPI inflation for December, which was published on Wednesday and was below the NBP inflation target, which is favorable for decisions on further interest rate cuts, are not coming true.
Friday morning brought the industrial PMI reading, which for Poland amounted to 48.5 points compared to the forecast 49 points. For the euro zone, the reading was also slightly below expectations at 49.2 points, showing 48.8 points. Here, too, the information was of little concern to investors.
The industrial leaders of the 2025 boom were at a premium. Orlen's stock gained 5.4%. and dynamically, after over a month of break, it returned above PLN 100 and ended the session at PLN 101.30. Orlen announced that it maintains the terms of the non-binding offer to purchase all shares of Grupa Azoty Polyolefins and extends its validity until March 31, 2026. In reaction, Grupa Azoty shares increased in price by 3.58%.
Another leader of 2025, the KGHM stock, gained 0.96% in the first session of 2026, but during the day it grew stronger and set a new historical peak of PLN 286.
Among blue chips, 3.36 percent PGE shares gained. On Friday, apart from PGE, Enea and Tauron, listed in mWIG40, also increased by 3.7%, respectively. and 4.61 percent All this caused the WIG Energia index to increase by 3.91%. and was one of the strongest sector indexes. This group also includes WIG-Paliwa, WIG-Banki, and WIG-Chemia, growing alongside the growth of Grupa Azoty.
On Friday, Enea announced that after receiving the final results of the capacity market auction for 2030, it estimates that revenues from the capacity market will amount to approximately PLN 307 million on an annual average, while all estimated revenues of the group for 2030 from the capacity market, taking into account previously contracted capacity obligations, will amount to approximately PLN 1.608 billion.
In total, as many as 19 stocks saw increases in WIG20, and the Dino stock was below the mark (-0.85%), one of the most frequently chosen stocks among analysts for 2026 in terms of growth potential.
On the broad market, the strongest was Bumech (26.97%), which is growing strongly for the second day in a row. The company's price increased by almost 31% on December 30. On December 29, an agreement was concluded between the social side represented by trade union organizations, the government side, Bumech and the Court Administrator of Przedsiębiorstwo Górniczy “Silesia” sp. z o. o. in restructuring. The agreement gives its signatories the basis to support the operation of the Silesia Mine and protective measures for its employees.
MKu
