Crash on the Warsaw Stock Exchange after Russia attacks Ukraine

The Russian invasion of Ukraine, which started in the morning, determined the result of Thursday's session on the WSE. The WIG20 index fell by 10.87 percent to 1,817.45 points and was at its 52-week low. The prices of all 20 companies included in the index fell.

The companies that carry out at least some of their activities in Russia or Ukraine were the most overestimated. LPP was the leader of the decline. The apparel company's listing fell by 25.2 percent to PLN 9,650.

The shares of five more companies – PKO BP, CCC, Pekao, Santander BP, Allegro, JSW, and Mercator – fell by at least 10 percent.

Orange Polska shares performed relatively best, discounted by 2.2 percent.

The drops were accompanied by high turnover, which on the stock market amounted to PLN 3.3 billion, of which PLN 2.7 billion was attributable to WIG20 companies. 

(PAP)