Poland’s WIG30 advances 0.39% to end higher

Poland’s WIG30 index advanced 0.39% at the close of trade on Tuesday, reflecting modest gains across blue-chip shares.

The index, which tracks the performance of the 30 largest companies listed on the Warsaw Stock Exchange, closed at 2,450.12 points, up from an intraday low of 2,438.75. Trading volume totaled 1.2 million shares, slightly below the 30-day average of 1.4 million.

Leading the gains were shares of PKN Orlen, Poland’s largest oil refiner, which rose 1.8% following a 10% jump in second-quarter net profit. The company reported earnings of 4.2 billion zloty, beating analyst estimates of 3.8 billion zloty. Shares of Allegro, the country’s largest e-commerce platform, also contributed to the index’s advance, climbing 2.1% after reporting a 15% increase in quarterly revenue.

In contrast, shares of Orpea, a healthcare operator, fell 3.2% after the company announced plans to sell assets to reduce debt. The decline weighed on the broader index but was insufficient to offset the gains in other components.

The Polish zloty remained broadly stable against the euro, trading at 4.32 per euro, little changed from the previous session. The currency’s stability provided limited support to exporter-heavy stocks, though domestic-focused sectors such as retail and banking underperformed.

Analysts attributed the modest rise in the WIG30 to a combination of corporate earnings optimism and cautious investor sentiment amid ongoing geopolitical tensions in Eastern Europe. The index has gained 2.1% over the past month, underperforming broader European benchmarks amid concerns over energy supply disruptions and inflation pressures.

The next key data point for Polish equities will be the release of July inflation figures, scheduled for August 15, which could influence expectations for further central bank policy adjustments.