5:39 8 August 2025
WIG20 hits highest since 2008
Rumors of a potential Trump-Putin meeting propelled the WIG20 above 3,000 points for the first time since May 2008, reaching 3,007.02 points before closing at 2,985.33. Notably, many current WIG20 firms like CD Projekt, PZU, and Alior joined the Warsaw Stock Exchange after 2008, highlighting significant market changes. The broader WIG index also hit a record high above 110,000 points.
Investor optimism was driven by hopes the meeting could ease tensions in the Russia-Ukraine conflict. Foreign capital favored large-cap banks, with Alior rising 6.7% after strong earnings and Pekao beating profit forecasts. Ukrainian-linked companies surged, with CoalEnergy up 28.6% and Milkiland 22.1%. However, some stocks like Orlen fell, dragging the index down.
Analysts caution that gains rely on speculation and await clearer geopolitical developments.
