WIG20 up almost 2% on Monday, JSW stock price soars 10%

Monday's session on the Warsaw Stock Exchange (GPW) was marked by increases in the main indexes. WIG 20 rose by 1.94%, with the strongest gains seen in JSW shares, which closed nearly 10% higher. However, Cyfrowy Polsat saw significant morning declines, ending the session down by about 7%.

At the close, WIG20 was up 1.94% at 2,039.41 points, while WIG increased by 1.50% to 68,721.61 points. mWIG40 rose by 0.70% to 5,201.80 points, and sWIG80 increased by 0.07% to 20,959.46 points.

Among the blue-chip stocks, JSW (+9.74%) and Alior Bank (+4.35%) showed the strongest growth from the beginning of the session.

In the mWIG40 index, LiveChat (+3.16%) stood out with strong gains after reporting a 25.4% y/y increase in net profit for the first quarter of the fiscal year 2023/24. PKP Cargo's stock increased by 1.58%, driven by expectations of revenue growth.

Source: PAP Business