An energetic explosion on the stock exchange. Double-digit growth for the largest companies, Orlen's record and JSW's great form
Tuesday's session on the Warsaw trading floor was marked by the dominance of the bulls. Investors rushed to buy shares, and the optimism stemming from the hope for a quicker than previously thought end to the war in the Middle East and Europe, including Polish announcements of the need for changes in the ETS system, created a striking mix that allowed the WSE to distance itself from the main trading floors of the Old Continent.
Broad Market Index WIG gained 2.20 percent, and the blue-chip WIG20 increased by 2.05 percent. and was one of the strongest main indices on the stock exchanges in Europe that day. The main indices on the stock exchanges in Prague and Istanbul also performed well. Returning to the WSE, the medium-sized companies sector also recorded a very strong result, with mWIG40 increasing by 3.18%.. sWIG80 finished slightly more modestly, but still above the mark, with an increase of 0.83%. The turnover on the broad market amounted to PLN 2.33 billion, of which PLN 1.91 billion concerned WIG20 companies.
Geopolitical thaw and waiting for the Fed
The mood on global markets has improved significantly thanks to news from overseas. She became the main driving force statement by Kevin Hassett from the US National Economic Councilwho suggested that the conflict with Iran could be resolved much faster than expected – within weeks, not months.
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As a result, despite increases in oil prices, which recently meant declines in stock markets, this time investors pushed European indices up. The German DAX was gaining 0.8 percent, the French CAC 40 was growing by 0.6 percent and the British FTSE 100 was gaining 0.8 percent. Overseas, the S&P 500 and Nasdaq recorded increases of approximately 0.3 percent each. Investors are already waiting for tomorrow's Fed statement.
– The center of attention this week will be Wednesday's meeting of the US Federal Reserve, and Jerome Powell's conference will be more important than the decision itself – analysts point out.
Orlen's historic record and energy rally
Unquestionable the leader of the session in terms of influence on the indices was Orlen (4.99%). The price of the Płock giant not only grew dynamically, but also broke the peaks of 2017, reaching PLN 136.38 at the peak. Orlen ended the session with a share price of PLN 136.04. This is a spectacular rally, considering that in December 2024 the price for one share was PLN 45.40. They could have been an impulse for Tuesday's shopping Prime Minister Donald Tusk's words about his desire to “disarm” the ETS system and the narrative of the head of the European Commission, Ursul Von der Leyen, about possible changes in the CO2 and gas market.
Announcements changes in emissions trading caused euphoria in the entire energy sector: PGE jumped by 13.66 percent, Tauron from mWIG40 gained 10.5 percent. (additionally supported by solid results for 2025), Enea grew by 11.74%. ZEPAK gained 8.03%, Kogeneracja 5.06%. While PGE in WIG20 means little in terms of weight in the portfolio, Tauron and Enea are the leading mWIG40 companieshence the strong performance of the medium-sized companies index.
Budimex is making up for losses, CD Projekt is waiting for PS5 Pro
The session for Budimex shareholders had a variable course.
Despite initial declines of 4%. (caused by the information about the rejection of the offer in the Rail Baltica tender by the National Chamber of Appeal), the exchange rate managed to make up most of the loss and ended the day with a symbolic minus (-0.52%).
It was under pressure Allegro (-0.92%)which was influenced by reports of a new AI-based shopping functionality in InPost. In turn, CD Projekt (-0.37%) recorded a modest decline while players wait for the technological update of “Cyberpunk 2077” for the new Sony PS5 Pro console. In WIG20, the biggest loser was KGHM (-1.06%), which is not surprising considering the declines in copper (-0.8%) and silver (-1.8%) prices.
Dino was also slightly below the mark (-0.1%), and in the context of the company it is worth mentioning the continued friction between Dino's management and trade unions operating in the networkwhich is followed by Katarzyna Wiązowska on Bankier.pl. The latest reports indicate that the long-awaited mediations between the Dino management board and trade unions operating in the network were to take place on March 17 and 18, 2026. However, it turned out that they had to be postponed.
Results of the bank and developer and the shape of JSW
There was also a lot going on behind the scenes of the stock exchange league. Apart from the energy companies described in the mWIG40 index Bank Handlowy stood out (1.6%), whose net profit for the fourth quarter of 2025 (PLN 596.4 million) beat analysts' expectations by nearly 8%. On the other hand Dom Development (0.6%) reacted at the opening of the session with a slight decline following the publication of the annual reportdespite boasting record sales of premises. Investors could be encouraged to buy shares by the payment of a total dividend of PLN 14 per share for 2025which at the current exchange rate gives nearly 5.8 percent. dividend rates.
He was strong JSW share price (4.17%), which is becoming the leader of this year's growth in the group of WIG20 and MWIG40 companiesmore about which in an interview with an industry analyst titled “Like a cyclone, the strong dollar and coking plant gas created an 'explosive mixture' on JSW's exchange rate.” On Tuesday, information appeared that the government's work list included the publication on Tuesday of a draft support program for the coking hard coal mining sector.. It is intended to be a strategic document that will enable the payment of protective benefits to employees of Jastrzębska Spółka Węglowe. The course is also supported by ideas for revising the ETS system, more about which in the above-mentioned interview.
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