Business
1:22 13 March 2025
Post by: WBJ

Warsaw stocks rise on CPI data

Warsaw stocks rise on CPI data
Source: Adobe Stock

The Warsaw Stock Exchange surged Thursday as investors reacted to better-than-expected U.S. inflation data. The sWIG80 index neared its all-time high, while WIG and WIG20 both more than doubled their levels from the 2020 COVID crash exactly five years ago.

WIG20 closed at 2,626.79 points (+1.65%), WIG at 93,428.42 points (+1.56%), with turnover exceeding PLN 2.1 billion. Gains accelerated after the U.S. reported core inflation at its lowest in nearly four years, sparking a rebound in U.S. markets.

Polish banks led the rally—Alior rose 4.8%, Pekao 3.3%, and mBank 2.2%. Budimex (+6.9%) and JSW (+7.4%) were the top-performing blue chips. Meanwhile, Orange Polska (-2.2%) and LPP (-1%) declined.

mWIG40 rose 1.59%, and sWIG80 gained 0.72%. Millennium reached its highest price since 2007, while Newag hit a record high.

Source: bankier.pl


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