publication
2026-02-24 17:29
update
2026-02-24 17:39
Tuesday's quotations on the Warsaw Stock Exchange were marked by declines, which were reduced by a strong opening on Wall Street. Meanwhile, the eyes of the entire investment world are now focused on the Middle East and Wednesday's “judgment day” for the US technology sector.
At the close of the session, WIG20 fell by 0.56%, although after 90 minutes. by the end of trading it was losing about 1.4 percent. The broad WIG index lost 0.67%. burdened by the weaker attitude of mWIG40 (-1%) and sWIG80 (-1.03%). The turnover on the broad market amounted to PLN 2.196 billion, of which PLN 1.8 billion concerned WIG20 companies.
“Yesterday there were strong increases, today we have a correction. Perhaps investors were afraid of the conflict between the US and Iran. European shares are also under pressure,” Sobiesław Kozłowski, director of the investment advisory department at Ipopema Private Investments, told PAP Biznes.
It seems to me that in the near future the key factors will be the situation in the Middle East and Nvidia's results, which will be published tomorrow after the session in the United States – he added.
On Tuesday. Despite the declines at the end of the session, there was a clear improvement in the quotations of the largest companies, which can be attributed to the positive opening of trade on Wall Street, where the indices rebounded after the significant declines on Monday.
Reversal on banks and ongoing IT depreciation
Despite the improvement in sentiment at the end of Tuesday's trading, it cannot be denied that the banking sector was the biggest burden on the market. The WIG Banki index fell by 1.59%, moving away from the historical record from the beginning of February. The discount affected all key WIG20 institutions, including mBank (-3.21%) and Santander (-2.12%). Alior also lost (-1.7%), despite the publication of excellent results for the fourth quarter (net profit of PLN 687.7 million, 15% above the consensus) and the announcement of dividend payments.
IT fared even worse. The WIG-Informatyka subindex increased by 2.78%, which means that since mid-January this sector has already lost almost 18%. its value. It was the weakest industry index on Tuesday. The leaders of the declines were Vercom (-9.82%) and Shoper (-8.68%), i.e. companies from lower market segments.
Modivo in the shadow of degradation, KGHM with a new president
Modivo (formerly CCC) was the worst among blue chips, losing 5.24%. Investors are discounting the upcoming withdrawal of the company from the MSCI Poland index, which will take place on February 27. It was the fourth consecutive declining session for the clothing giant. PZU also experienced stronger declines in WIG20 (-2.26%).
In turn, the leader of blue chips was KGHM (1.96%). The copper concern reported sales data for January (50.7 thousand tonnes, a decrease of 3% y/y), with a simultaneous increase in the production of payable copper by 3%. On the London Stock Exchange, copper gained approximately 2%, and silver prices also increased. Moreover, the supervisory board of KGHM adopted a resolution to appoint Remigiusz Paszkiewicz to the company's management board, entrusting him with the function of president of the management board, putting an end to market speculations about who will become the helmsman of the copper company.
In total, 8 stocks saw increases in WIG20 on Tuesday, and apart from KGHM, they increased by over 1%. Kęty shares also gained (1.13%). By 0.94 percent CD Projekt shares increased by 0.96%. LPP shares, and by 0.77 percent Frogs. The prices of Allegro, Orlen and PGE gained less than 0.4%.
