The day after the conclusion of talks between Donald Trump, Volodymyr Zelensky, and European leaders, shares of companies that stand to benefit from Ukraine's reconstruction surged on the Warsaw Stock Exchange. The WIG20 was one of the strongest European indices, but it failed to defend the 3,000 points gained during the session.
Despite the uncertainty about the end of the war in Ukraine and the lack of binding decisions from Monday's talks in Washington, optimism dominated European stock markets on Tuesday.
Nearly all major stock market indices were in the green. As the Warsaw session closed, the French CAC40 was up 1.24% and the DAX was up 0.48%. However, the beginning of trading in the US was marked by declines, with the Nasdaq and S&P 500 losing 1.07% and 0.33%, respectively, at 5:00 PM Polish time.
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The WIG20 ended the session at 2,993.07 points, up 1.03%. The WSE's blue-chip index failed to maintain the 3,000-point level it regained during the session, reversing toward the end of trading. The WIG reached a record high of 111,227 points, up 1.20%. The MWIG40 gained 1.44% and also reached its highest closing level ever (8,178.54 points). The SWIG80 strengthened by 0.50%.
Trading value on the Warsaw Stock Exchange reached PLN 1.535 billion, of which approximately PLN 1.28 billion was in companies from the WIG20 index. The largest trading value was concentrated in shares of CCC (PLN 182.6 million), PKO BP (PLN 164.8 million), Orlen (PLN 153.9 million), and Pekao (PLN 148.1 million).
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CCC shares were the best performer on Tuesday's WSE blue-chip index, gaining 6.69%. The rise was likely fueled by a new recommendation from mBank Management Board, which changed its recommendation for the company's stock from “hold” to “buy.” The target price for CCC shares was lowered from PLN 230 to PLN 225.
Orange Polska shares rose 4.96%. Andrzej Urbańczyk, the company's transformation manager at Metaverse, told PAP Biznes about the growing interest in immersive services, stemming from sectors such as energy, media, and sports. Orange is expected to have at least 15 clients in this area.
The day before the dividend was set, Grupa Kęty's share price appreciated by 4.41%. The payment is scheduled to be made in two installments: PLN 16.78 per share on September 3rd and PLN 32.00 per share on November 5th, 2025. LPP shares gained 2.77%, which, combined with the gain in CCC shares, meant that the WIG-Odzież (+3.61%) was the strongest sector index on Tuesday.
As “Puls Biznesu” noted, following the Trump-Zelensky meeting, investors turned to stocks of potential beneficiaries of the end of the fighting in Ukraine. UBS highlighted five Polish companies in this regard. Its Ukraine Reconstruction index includes Pekao, PKO BP, Santander, Alior, and Budimex.
After a moment of hesitation, markets seem to believe that the war in Ukraine is (slowly) approaching its end. I remain pessimistic, but let investors dream, commented Piotr Kuczyński, chief analyst at DI Xelion.
Budimex shares rose 2.55% on Tuesday. Santander led the WIG20 banks, gaining 1.87%. Next in line among the top five in the Ukraine Reconstruction index were Alior Bank (+0.91%), Pekao (+0.80%), and PKO BP (+0.54%).
Ahead of the results presentation, which will take place after the close of trading, KGHM shares rose 0.84%. The three blue-chip companies that ended Tuesday with a decline were Pepco (-0.04%), PGE (-0.04%), and CD Projekt (-0.47%).
The leader of the MWIG40 index was BNP Paribas shares, which rose 6.31% on Tuesday, followed by Newag shares, which jumped 5.46%.
Eurocash shares gained 5.31%. The group's subsidiary, Innowacyjna Platforma Handlu (IPH), launched the Analytical Platform, the first tool integrating receipt and wholesale data from over 11,000 local stores.
Also on Tuesday, media reported that the POLOmarket chain had joined the alliance of Eurocash Group, Chorten Group, and Netto Polska. The companies aim to establish a strategic partnership with European Marketing Distribution (EMD), a leading European purchasing group.
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