Friday's session on the Warsaw Stock Exchange was marked by a sharp sell-off on Dino, which overshadowed everything else. Nevertheless, it is worth mentioning the good attitude of coal companies. Donald Trump's diplomatic ploys remain the background for the ratings.
At the close of the session in Warsaw, the index WIG20 fell by 1.15%.retreating to the level of 3,268.55 points. Wide pointer WIG decreased by 1.01%. to 119,727.12 points, while mWIG40 went down by 0.39%. and is at 8,240.93 points. Smaller company sector – sWIG80 lost 1.07%. to 29,055.93. Turnover on shares of WIG20 companies amounted to PLN 2.32 billionof which 36 percent generated trade in Dino shares (PLN 846 million). The turnover on the broad market was estimated at nearly PLN 2.7 billion.
Europe and the USA under pressure from raw materials
The results on the WSE corresponded to what was happening on world stock exchanges. At the time of termination of trade in Warsaw, German DAX lost 1.2%.French CAC40 decreased by 0.8%.and British
The FTSE100 fell only 0.1%. Red was dominant across the ocean – The S&P500 lost 0.8%.and technological Nasdaq Comp. dropped by 1.1 percent.
Advertisement
The geopolitical situation remains the main drag on stock markets. Donald Trump extended the deadline for concluding an agreement with Iran to April 6, but the blockade of the Strait of Hormuz continues, which keeps oil prices at high levels.
Dino lowest since October 2024
The session wouldn't have looked so bad if it weren't for the crash in Dino shares (18.58%). The retailer's share price fell to levels not seen in a year and a half after the publication of the results for the fourth quarter of 2025. Net profit amounted to PLN 367.7 million, which turned out to be a significantly worse result than the consensus (PLN 456.4 million). Investors were not reassured by the announcement of an increase in the dynamics of store openings in 2026. The giant's discount ricocheted into other retail chains: Eurocash (-5.29%) with mWIG40 and Żabka (-2.09%) with WIG20.
The price correction after Thursday's records affected the stock LPP (-2.72%). It lost on an even larger scale Modivo (-4.16%)which has been in a drastic downward trend since May last year (depreciation by 62%). After a series of increases, it also landed below the mark Pepco (-0.97%).
On the other hand Orlen lost 1.6 percent.which coincided with the parliamentary amendment to the act on oil stocks and the introduction of maximum prices for fuels. “In recent years, investors have become accustomed to subsequent government interventions, and not only in Poland,” commented Michał Krajczewski in Bankier Weekly.
Seven companies remained positive in WIG20. She was the growth leader Grupa Kęty (1.76%)and she bravely seconded him Santander (1.65%). They gained even more Pekao, mBank, PZU, Alior and CD Projektall below 1 percent.
Coal growth continues
Despite the disastrous mood on the broader market, the mining sector has become a “green island” on the red quotations map for many investors. Lubelski Węgiel Bogdanka gained 6.21%., JSW gained 2.83%.a Bumech grew by 1.93%.which is a response to growing expectations that coal will replace the drastically more expensive gas in the European energy sector. The conflict in the Middle East, disrupting the supply of blue fuel and oil, has brought black gold back into favor as a real raw material substitute.
For the reasons that March, marked by the war in the Persian Gulf, is exceptionally successful for this industry – the course Bogdanki this month increased by as much as 45 percenta JSW by 15 percent The exception remains Boomwhich is in March 6 percent below the linewhich is related to the expiring production of easily accessible resources. Although coal prices for the energy sector are firmly contracted and any adjustments may only take place in the middle of the year, the key driving force for the results of mines is now a sharp increase in demand. Investors see this and evaluate the chances for better results in the future.
It's worth remembering that thermal coal is, to a lesser extent, mined by JSW, which specializes in coking coal, which, however, also benefit from the broad increase in raw material prices. However, the rate could react to reports about plans to create a program to support the steel industry for the needs of the arms industry. More on the situation of JSW in the article “Cyclone, strong dollar and coking plant gas created an 'explosive mixture' on the course.”
The publication contains affiliate links.
