Following the track of rebounding stock exchanges in Europe and the USA, Polish stock indices recorded a dynamic recovery on Tuesday's session. The main fuel for the bulls were signals about the possible de-escalation of the conflict in the Middle East and a sharp decline in oil prices. Although the WIG20 increased by over 2%. seems impressive, in Europe there were indices that shone even brighter. Demand for blue chips focused on shares of banks and KGHM.
At the close of Tuesday's quotations, the blue chip index WIG20 gained 2.16%.reaching a level of approximately 3,327.28 points. The broad market represented by WIG increased by 1.89%. Medium and smaller companies also experienced solid growth – mWIG40 grew by 1.23% and sWIG80 gained 1%. The turnover on the broad market was estimated at PLN 2.29 billion, of which nearly PLN 1.9 billion concerned WIG20 companies.
Strong WIG20 increases were related to increases on the core markets. In Europe, the FTSE 100 index grew by 1.8%, the CAC 40 increased by 1.9%, but the DAX grew by 2.5%, the Euro Stoxx 50 gained 2.7%, and the indexes in Madrid and Milan grew by around 3%.
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It was calmer in the USA, where the Dow Jones Industrial gained 0.5%, the S&P500 grew by 0.4%, and the Nasdaq Comp. went up by 0.6 percent.
However, it is worth remembering that the declines on Wall Street have not been as severe in recent days as in Europehence the scale of the rebound is proportionally smaller, especially since the local indices were already gaining the day before.
Trump: tanker escorts and the imminent end of the war
They were the key impulse for improving the mood declarations coming from Washington. US President Donald Trump suggested the possibility of an early end to hostilities between Israel, the United States and Iran. Moreover, he announced that, if necessary, the US could provide military escort to ships passing through the crucial Strait of Hormuz.
TMS Oanda Brokers analysts reminded that such a scenario already has historical precedent – in the 1980s, during the Iran-Iraq conflict, similar operations were carried out to protect oil transport. The thread of Trump's conversation with Putin also appears in the background
and reports that the administration was intended to allow India to temporarily increase purchases of Russian oil, which the market may interpret as an additional supply buffer.
Despite these announcements, the situation is logistics in the region remain difficult. Strait of Hormuz is 'de facto closed'and volatility in the commodity market on Monday reached levels not seen since the beginning of the Russian invasion of Ukraine in 2022. On Tuesday, however, the markets were relieved that the price of Brent crude oil dropped by more than 10%. to below USD 89 per barrel. Just a day earlier, this commodity briefly touched the USD 120 barrier.
“Today we are seeing a clear recovery after a very nervous week. The drop in oil prices below USD 100 per barrel translates into better behavior of bonds and stocks. Further prices of Brent crude oil or natural gas in Europe will determine whether this will be something more lasting,” Sobiesław Kozłowski, director of the investment advisory department at Ipopema Private Investments, told PAP Biznes.
Banks and KGHM are the leaders of the rebound
After a very nervous week in which the WIG20 and WIG indices lost 6.4%, respectively. and 5.8 percent, Tuesday brought a clear upward correction. According to Sobiesław Kozłowski, Thursday's financial reports of Allegro and PKO BP will be a test of credibility for the domestic market.
Among the blue chips, the banking and copper sectors shone the brightest. Banks were the strongest sector in the morning. In the afternoon, half of the banks from WIG20 and mWIG40 grew by over 3 percent, and mBank was the leader among large companies with an increase of 3.33 percent. The prices of PKO (3.2%) and Pekao (2.89%) were also strong. Right behind them were Santander (2.27%) and Alior (1.91%).
A leader However, KGHM was the winner of the increase in WIG20. After a dramatic period in which the company fell by 15.4%. in eight sessions, on Tuesday the price rebounded by 4.7%. Again, the catalyst was the growth in silver, above 6%. Copper gained about 1.7%.
It's worth it pay attention to Orlen, where, although the session started with declines, the shares eventually went up by 2.69%. Government spokesman Adam Szłapka assured that the company will actively counteract drastic increases in fuel prices at stations. Moreover, the company reported that Orlen Upstream Norway and its partners discovered a new gas and condensate deposit in the North Sea.
Let us also mention Budimex shares of the construction leader increased by 1.27%. to PLN 734, even though Noble Securities analysts lowered their recommendation for the company to “sell” with a target price of PLN 619. On the other side of the WIG20 pole there was Modivo, losing 1.59 percent, and Orange (0.07 percent), slightly declining.
Overview of the broad WSE market
In the lower segments of the market, the initial optimism faded slightly during the day. The mWIG40 growth leaders included Asbis (4.92%), Rainbow Tours (4.38%) and Newag (3.74%). For the Rainbow Tours travel agency, this is an attempt to recover from the 17% discount at the turn of February and March.
Worth paying attention to Grupa Azoty, whose shares gained 2.3%.. The company announced that despite the raw material shock, it increased fertilizer prices only by a few percent. Additionally, Bank Pekao satisfied financial receivables in the amount of EUR 30.3 million related to the Polimery Police project. Enea recorded a decline (-2.75%).which concerned the decision of the President of the Energy Regulatory Office, which obliged the company to transfer PLN 139.9 million to the Price Difference Payment Fund. Tauron also performed poorly in the energy sector (-1.16%). PGE from WIG20 recorded minimal growth (0.18%).and smaller companies such as ZEPAK (1.37%) and Kogeneracja (0.81%).
From the broad market DataWalk increased by 7.05%. and XTPL gained 1.38%. on the day of commencement of building the book of demand for a new issue of up to PLN 300,000. series Y shares Wielton increased in price by 2.8%. after the publication of good data on the registration of trailers and semi-trailers (an increase of 38.5% y/y in January and February). Mostostal Zabrze grew by 3.86%.. after the estimated results for the fourth quarter of 2025 (PLN 4.3 million of net profit).
The day brought, however painful correction in the values of Bogdanka (-7.2%).which were the strongest on the WSE on Monday after a 26% rally. in a week. Unimot (-5.25%) and Passus (-5.36%) also lost more, despite the recommendation to pay a dividend of PLN 2.97 million in the latter case.
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