The past week on the Warsaw Stock Exchange brought strong positive sentiment and several new all-time highs. The broad WIG index reached a record of 14,223 points, while the mid-cap mWIG40 index also set a new peak. The blue-chip WIG20 index posted a weekly gain of 2.6%, sitting just 10 points short of its current bull market record.
The rally was broad-based, with all four main indices closing higher on the week. The WIG20 gained 2.6%, the WIG rose 2.1% to a record closing high, and the mWIG40 added 1.5% to reach its own historic level. The small-cap sWIG80 index eked out a modest 0.3% gain.
Among blue chips, the banking sector stood out, propelling the WIG-Banks sub-index to a record high of 25,498 points. The sector has surged over 33% year-to-date. On the downside, KGHM fell over 8% for the week, while energy stocks such as PGE and Tauron slipped 3% and 2% respectively. Żabka also eased slightly, but the company remains valued higher than Dino Polska.
Mid-caps shine with multiple records
Several companies in the mid-cap index reached new all-time highs. XTB continued its upward trajectory, with its market capitalisation topping 15 billion złoty as the stock price hit a fresh record. Asbis, the technology distributor, has skyrocketed 250% since the start of the year, driven by strong demand and operational improvements. Synektik, the distributor of Da Vinci surgical robots, set a new record at 385 złoty per share.
Among smaller companies, a spectacular rally occurred in shares of Syn2bio, a recently spun-off radiopharmaceuticals producer from the Synektik group. Its stock surged over 50% in a single week. The company has yet to officially confirm any catalyst for this move, but it is developing a cardiac imaging tracer.
Banks lead the charge
The banking sector was the standout performer of the week, as the WIG-Banks index breached its previous record with a closing level of 25,498 points. The rally was supported by strong earnings expectations and a favourable interest rate outlook. According to market analysts, the sector’s fundamentals remain solid, with net interest margins stabilising and loan growth continuing.
– The current momentum in banking stocks is driven by improving net interest margins and robust economic conditions, which are fuelling credit demand – said a Warsaw-based equity strategist.
The positive sentiment on the Warsaw Stock Exchange is mirrored across other European bourses, though Polish indices have outperformed many peers in recent weeks. The WIG20 has gained over 15% year-to-date, and the broader market shows no signs of slowing down. Investors are now watching for second-quarter earnings reports, which may provide further impetus.
Źródło: WNP.PL, Fot. Shutterstock
