Wednesday's session on the Warsaw Stock Exchange was marked by the lack of reaction to the extension of the ceasefire between the US and Iran. The incidents in the Strait of Hormuz effectively cooled investors' hopes that the conflict was ending. After setting a new bullish peak above 3,700 points last week, WIG20 is in the red for the third consecutive session. KGHM's share price rebounded, and the largest banks were under pressure.
WIG20 fell by 0.67%, which means that after three days of slight declines, it moved away from Friday's peak of the bull market by over 2.3%. and is at the level of 3615.77 points. The broad WIG index lost 0.34% on Wednesday to 132,735.47 points, and mWIG40 increased by 0.07%. The sector of the smallest companies represented by sWIG80 returned a symbolic 0.01%. This time, the market turnover barely exceeded PLN 2 billion, of which PLN 1.63 billion concerned WIG20. This is clearly a lower value than the average from this year, when it was achieved in series well above PLN 2 billion on the broad market and WIG20.
Europe in the shadow of the Strait of Hormuz, Wall Street is betting on results
The mood on the WSE again corresponded to what was happening on the most important trading floors of the Old Continent. At the close of the session in Warsaw, the German DAX was losing 0.2%, the French CAC40 was falling by 0.6%, and the British FTSE 100 was oscillating around the reference leveljust like the Italian FTSE MIB. The Dutch AEX gained (0.3%).
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American indexes The S&P500 and Nasdaq started the day with gainsfueled by an extended ceasefire and a series of quarterly reports from giants such as GE Vernova, AT&T, Philip Morris and Boeing. Investors on Wall Street are eagerly awaiting the publication of Tesla and IBM's results, which will be presented after the close of trading in the US.
Donald Trump vs. Iran
The key factor shaping sentiment was again the information chaos flowing from the Persian Gulf. US President Donald Trump announced the extension of the ceasefire with Iran after planned peace talks between the two sides failed. However, the optimism quickly faded after reports by Iran's Tasnim news agency that the Islamic Revolutionary Guard Corps navy had taken control of two ships in the Strait of Hormuz.
“When we look at the stock exchanges, and in particular the Polish stock exchange, we can say that investors do not see any threats and are very optimistic about the future. Of course, there is concern about the geopolitical situation that affects the economy, but the prevailing view is that it is temporary, that it is in the interest of all involved to reach an agreement and this is the agreement investors expect,” Mariusz Adamiak told PAP Biznes.
CD Projekt is shining, banks are under pressure
It was the leader among the largest companies CD Projekt, which increased in price by 3.86%. Investors are betting on potential announcements of new additions to “The Witcher 3”and the rate is approaching the psychological barrier of PLN 300. The CD Projekt share price ended the session at PLN 293.10.
He ended the session with mixed moods Orlen (0.82%). The company is supported by high oil prices, but the company faces the threat of a windfall tax.the details of which are to be known by the end of April.
The black sheep of the session was the banking sector. The WIG Banki sub-index fell by 1.4%, correcting the strong growth of the last three weeks (approx. 16%). All banks listed in WIG20 were under pressure. The worst performers in this group were PKO BP (-1.69%) and Pekao (-1.65%).
The weakness of recent days was interrupted by the price of KGHM, which had been trying to make up for losses since the end of March, but in recent sessions it dropped significantly at the highest turnover on the market. This time, the price of KGHM gained 1.08%, which was helped by the increase in copper prices by over 1.3% and the increase in silver prices by approximately 2%.
Cyfrowy Polsa and Medinice on the wallpaper
On the broad market, Cyfrowy Polsat (5.1%) once again performed impressively, continuing its rally despite Monday's information about massive write-offs. On Wednesday, the price was supported by the information that Santander Brokerage House decided to increase its recommendation for the company from “neutral – sell in the short term” to “better than the market”. The target price increased from PLN 13.2 to PLN 15.4.
Medinice became one of the stars of the daygaining 13.13%. The company initiated a due diligence process for the CoolCryo product, which attracted a global industry player. Since the beginning of the year, the price has already increased by over 350%.
Meanwhile, Asbis jumped by 9.24% after the publication of great revenue estimates for March, which amounted to USD 462 million (up 68% y/y). Unimot gained 0.91% after recommending a dividend of PLN 6 per share. Oponeo.pl performed worse (-3.33%) – analysts negatively assessed the results for the fourth quarter, predicting a weak first half of 2026.
The Diagnostyka Group lost 3.25%, continuing its decline after weaker-than-expected financial results published on Monday and the National Health Fund's decisions reducing the financing of diagnostic tests. The JSW price gained 1.09%, and the market received information that the Senate did not amend the amendment enabling loans from the Industrial Development Agency for JSW and Grupa Azoty (-0.87%), in turn, in the context of which there was also a telegram that the dispute between Azoty Puławy (subsidiary; 1.11%) and Polimex Mostostal (0.98%) would go to mediation. The price reduction of Friday's debutant, Creotech Quantum, is deepening. After increasing by over 110% in two days, on Tuesday the share price of the quantum company fell by 14.18%, and on Wednesday it lost another 13.95%.
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