4:53 25 June 2025
WIG20 rebounds on banks
WIG20 staged a sharp rebound on Tuesday, gaining 2.57% to close at 2,762.70, bouncing back from Monday’s steep drop. The index had flirted with key support levels, but optimism returned following news of a ceasefire between Iran and Israel, announced by U.S. President Donald Trump.
Banking stocks led the rally: Pekao rose 6.25%, PKO BP over 6%, and mBank 5.8%, helping the WIG-Banks index jump more than 5% after recent losses.
Despite the gains, analysts remain cautious. "This is still a consolidation phase; we’re closer to the bottom of the range than the top," said Przemysław Smoliński of BM PKO BP, pointing to 2,650–2,860 as the key range.
Uniform producer Arlen made a strong debut, climbing 7.2%, reflecting investor interest in defense-related firms. Meanwhile, CD Projekt approved a PLN 1 per share dividend. Retail sales in May slowed, but durable goods posted solid growth.
