1:20 29 January 2025
WIG20 reaches highest point since September
The Warsaw Stock Exchange’s WIG20 index climbed to 2,399.02 points on Tuesday, marking its highest level since September and a 0.95% session gain. This was the index’s seventh positive close in eight sessions, pushing its 2025 growth to 9.4% and recovering over half of last year’s losses.
Global market optimism supported the rise, with gains seen across European exchanges and U.S. indices rebounding from Monday’s AI sector crash. WIG increased by 0.76%, reaching 86,194.50 points, now just 3.9% shy of last year’s all-time high.
Consumer-driven stocks performed strongly: Allegro (+5.3%) and Pepco (+5.2%) rebounded from January lows, while Dino Polska rose 2.3%. Banking stocks also gained, with PKO BP hitting a record PLN 66.46.
However, PZU shares fell 1.2% following its CEO’s sudden replacement, and declines were noted in KGHM and Budimex. Meanwhile, ML System surged 16% in its second strong session, and Eurocash rose 8.6%.
