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2026-03-16 17:34
Monday's session on the Warsaw Stock Exchange was marked by a sigh of relief as oil prices dropped. Investors' attention on the WSE was drawn to the offer of the Italian UniCredit to take over the German Commerzbank, which in turn owns the Polish mBank. The transaction may have a domino effect.
The main indexes in Warsaw ended the day above the line, in high correlation with the mood on stock exchanges in Europe. The WIG20 index increased by 0.55 percent, and the broad WIG index gained 0.4 percent. In turn, mWIG40 (0.00%) and sWIG80 (-0.01%) remained at neutral levels. The turnover in the entire market amounted to a solid PLN 1.8 billion, of which nearly PLN 1.47 billion was attributable to WIG20 companies.
On other European exchanges, at the close of the session in Warsaw, the German DAX was gaining by 0.6 percent, the French CAC40 by 0.4 percent and the British FTSE100 by 0.5 percent. In turn, the mood overseas was even better – the S&P500 and Nasdaq indexes gained approximately 0.8-1 percent each. in the initial phase of local trade.
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Oil down, IEA on standby
The main macroeconomic topic remains the conflict in the Middle East, but this time the market reacted to drops in oil prices. Optimism in this respect was fueled by Scott Bessent, US Treasury Secretary, who estimated that the raw material may soon cost significantly below USD 80 per barrel. The head of the International Energy Agency (IEA) also got into the game and assured about the security of supplies.
“IEA countries are ready to release additional oil reserves if needed. The previously agreed release of 400 million barrels is already impacting markets, and prices are much lower than a week ago,” emphasized Fatih Birol, IEA director.
From German to Italian soil
Today, mBank was the undisputed leader among blue chips (6.13%). This is the result of UniCredit announcing a voluntary offer to exchange shares for shares of Commerzbank (the owner of the Polish bank). Polish regulations require a summons if the investor indirectly exceeds 33%. or 66 percent votes in a listed company by taking over its majority shareholder. The takeover of Commerzbank by UniCredit would give Italy indirect control over 69 percent. mBank, which would trigger the obligation to tender the remaining shares at the market price (at least 6-month average).
Pepco also recorded a strong session (3.44%). Investors reacted positively to the start of the fourth stage of the share buyback program worth EUR 52.9 million. Other retailers were also on target. The shares of LPP increased by 1.1%, and those of Żabka Group by 1.08%. Dino was also in the black (0.66%), although during the session the shares of the owner of the largest Polish supermarket chain were twice as expensive.
High volatility in large companies
Investors experienced quite a few fluctuations in the shares of KGHM (0.32%). The copper giant started the day with declines of over 2% caused by falling metals (copper and silver), reaching the lowest price of PLN 275.60. However, buyers managed to bring the price up to PLN 283.50. Allegro saw an even bigger swing (-1.27), which after a weak opening broke even, but ended the session as the weakest stock in WIG20. Modivo was depreciated even more (-0.95%), and among the largest companies, shares of Orange, Kruk, CD Projekt, Alior Bank and Bidimex were still in decline, but the declines there were around half a percent.
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