2025-10-23 17:15
publication
2025-10-23 17:15
The rising prices of KGHM and Orlen brought WIG20 to levels last seen two months ago. Thanks to this, the flagship index of the Warsaw Stock Exchange approached the “magic” threshold of 3,000 points. However, the shortcoming of the session was the small “width” of the market.
After an increase of 0.88%, WIG20 reached 2,984.67 points. This is the highest closing price since August 21, more than two months. During the session, only a few points were missing for WIG20 to reach the mark of 3,000 points. Let us recall that the WIG20 was above this round level only for two weeks in August, and previously – in 2011.
After an increase of 0.57%, WIG reached 111,568.93 points. This is just a stone's throw away from the August all-time record of just over 112,000. pts. Thursday's turnover on the main market was estimated at nearly PLN 1.9 billion.
The primary driving force behind Thursday's increase were Orlen's shares, which rose by 2.4% and cost the highest since November 2019. The second engine was the KGHM securities, which increased by over 4% and ended the day close to this year's maximum. The financial sector also added its two cents: PZU (1.7%), PKO BP (1.1%) and Pekao (0.5%).
The former was supported by rising copper prices, which now cost almost USD 11,000 per tonne on the London Stock Exchange. There is speculation on the market that the new Chinese 5-year plan will translate into an increase in industrial production and, therefore, a greater demand for, among others, copper. The Chinese Communist Party stressed that 2026-2030 will be “a key time to lay the foundations and fully accelerate towards realizing socialist modernization.”
The red light of WIG 20, together with Budimex (-2.5%), was again the CCC stock, which, after a 1.5% discount, set the lowest closing price in over a year. It is worth noting that since this year's peak, the footwear company's shares have dropped by as much as 43%. Currently, CCC is one of the most willingly “shortened” companies on the Warsaw Stock Exchange, which was most likely caused by the accusations of the analytical company NINGI Research accusing the Polish company of accounting manipulations.
It must be honestly added that for the general market it was basically a downward session. On the main market, more stocks ended the day below than above the mark. Only 5 securities (including Orlen, Pepco and Tauron) set a 52-week maximum price (of which the latter ended the day with a loss anyway). Red was also visible on the indices of smaller and medium-sized companies. Although mWIG40 returned only 0.22%, sWIG80 regressed by 0.26%.
– It is worth noting that the increases are concentrated mainly in the segment of large-capitalization companies – the mWIG40 and sWIG80 indices remain under slight downward pressure – wrote Arkadiusz Banaś, an analysis expert in the Alior Bank Analysis and Consulting Team, in a commentary for PAP Biznes.
Therefore, it can be concluded that today mainly foreign capital flowed to the WSE. However, considering the rather average revolutions, it was not a particularly fast stream. It is worth adding that the mood on global financial markets was not particularly optimistic. The German DAX ended Thursday's session neutrally, the London FTSE100 gained 0.7%, and increases in Paris, Milan and Madrid did not exceed half a percent. The session on Wall Street started neutrally: with a modest increase in the Nasdaq and cosmetic changes in the Dow Jones.
K.K
