The beginning of the week on the Warsaw trading floor was marked by well-known geopolitical tension. The failure of the US-Iran peace talks and Donald Trump's decision to block the strategic transport route again caused a shock on the oil market, which directly translated into the sentiment on the stock markets. The changes in the indices indicate a session without history, but a lot was happening on and off the trading floor, especially in the context of XTB.
Monday's session on the Stock Exchange promised to be poor, but it ended with a cosmetic advantage of supply. WIG20, although it lost 0.83% during the day, ended the day only 0.02%. lower compared to Friday. The broad WIG was, in turn, above the mark by 0.01%. The minimum depreciation was recorded by mWIG40 (-0.05%), while the index of smaller companies sWIG80 after fixing was 0.55%.. The market turnover was high and amounted to over PLN 2.97 billion, of which PLN 2.52 billion concerned WIG20 companies.
Geopolitics deals the cards again
The mood on the Vistula was slightly better than on the main trading floors of the Old Continent. At the close of quotations in Warsaw, the German DAX and the French CAC40 dropped by about 0.5%. The exception on the map of Europe was the Hungarian BUXwhich grew after the markets' optimistic reaction to the results of Sunday's parliamentary elections.
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In turn, overseas, despite a declining opening caused by the failure of the US-Iran talks and the blockade of the Strait of Hormuz, the indices started to make up for losses. Around 5 p.m. Polish time, the S&P500 and Nasdaq were trading slightly higher, around 0.2 percent. Investors are still hoping for a diplomatic breakthrough, especially after the US Central Command's announcement that civilian vessels sailing to non-Iranian ports will not be blocked as part of the US blockade of the strait.
Oil above $100. Orlen and raw material companies in the game
The main fuel for volatility was the sharp increase in the price of “black gold”. The price of crude oil shot up by over 7%, exceeding the barrier of USD 100 per barrel. Orlen gained 2.19%. up to PLN 131.40 per sharealthough in the first phase of the session the increases reached up to 4%.
Żabka stood out positively in the blue chip index, with its shares increasing in price by 3.03%. and became the growth leader in the WIG20 company portfolio. KGHM was on the other side of the barricade (-2.49%), despite copper prices increasing by approximately 1.5%. Recently, the company has been primarily associated with silver prices in the eyes of investorsand on Monday they fell by over 3%.
There was no shortage of emotions on the course of Modivo, which after the morning attempt to attack higher levels, ultimately lost 1.23%, struggling to maintain the psychological limit of PLN 90. This attempt failed and the Modivo rate ended the session at PLN 89.40.
XTB with a fine from the Polish Financial Supervision Authority, but after the session, Grupa Azoty is focusing on the agricultural marketplace
Interesting information came from mid-cap companies. The real hit of the session was XTB, whose price, after exceeding the barrier of PLN 100, continues its rally north. The broker's shares rose by 3.67%. to PLN 108 and are the highest in history, which is supported by the volatility on the markets in recent weeks.
After the session, the market announced that the Polish Financial Supervision Authority had imposed a fine on XTB SA cash in the amount of PLN 20 million for violations in the field of adequacy testing and product management.
🚩 The Polish Financial Supervision Authority imposed a fine of PLN 20 million on XTB SA for violations in the field of adequacy testing and product management. XTB SA's failure to meet the requirements imposed on investment companies by legal regulations resulted in… pic.twitter.com/7iSpypbWBZ
— KNF Office (@uknf) April 13, 2026
Grupa Azoty also attracted attention (an increase of 0.61%),
which announced the launch of a modern sales platform for farmers in 2026. This is intended to be a way to diversify revenues and tighter control over the supply chain as part of the restructuring process.
The resulting Bogdanka and MOL's Hungarian rally
On the broad market, investors analyzed annual reports. Bogdanka increased by 0.7%, although it gained as much as 8% in the morning, confirmed solid results for 2025 (PLN 543.1 million EBITDA), which reassured shareholders after previous write-offs. A similar scenario with strong increases in the first part of the day and their reduction later in the day concerned trading on JSW (0.18%).
Amica's results (-1.48%) were in line with expectations, but received more coldly. GThe headliner of the day, taking into account dual-listing companies, was the Hungarian MOL. Its shares listed in Warsaw skyrocketed by 10.61%, which was a direct result of the post-election euphoria in Budapest.
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