Main indices falling; WIG20 down by about 0.3%

All main indexes on the Warsaw Stock Exchange declined on Monday. The WIG20 dropped 0.3% to 2,863.04 points, while WIG fell 0.5%, mWIG40 0.9%, and sWIG80 0.7%. The biggest losses among blue chips were seen in Santander Bank Polska (-2.1%), Alior Bank (-2%), and Kruk (-1.9%), partly due to cautious sentiment ahead of U.S. bank earnings and ongoing U.S.–China trade tensions. KGHM (+2.1%) and CCC (+1.4%) helped stabilize the market.
Analyst Sobiesław Kozłowski of Noble Securities noted that geopolitical factors—especially Donald Trump’s announcement of 100% tariffs on Chinese goods—triggered global uncertainty. Meanwhile, mBank fell after the KNF imposed a PLN 1.39 million fine, and Mirbud rose 4.5% after a price target upgrade by Trigon DM.