[REVISION HISTORY]

Polish stock indices show record highs and divergent trends

Updated 12 times since CLSTR started tracking revisions of this situation.

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2026-09-22 19:11 UTC → 2026-09-28 11:03 UTC · added ~~removed~~

The Warsaw Stock Exchange continues to navigate volatility and divergent trends. While the broad WIG index previously reached historical records, the market has recently entered a period of consolidation. During a session in late September, the WIG20 reached record intraday highs near 4,242 points, while the WIG approached 159,113 points. Despite these highs, the WIG20 saw only a marginal gain of 0.09 percent, and energy stocks such as PGE and Tauron faced declines, contrasting with gains in companies like Pepco and Modivo. Market activity was significantly influenced by September index revisions. During this process, BETA ETF funds executed transactions exceeding 70 million PLN, necessitating the rollover of more than 2,900 futures contracts. While the compositions of the WIG20TR and mWIG40TR remained largely unchanged, the revisions required managing trades across various segments, including sWIG80TR and WIGdivplus W. Total market turnover for the session reached 2.64 billion PLN. ~~This~~ As the market moves into late September, investor caution has increased following the period of ~~activity follows~~ high indices. The exchange is entering a heavy ~~financial~~ reporting cycle ~~where 46 semi-annual~~ with 117 periodic reports ~~were scheduled, covering sectors such as biotechnology, real estate, energy, and e-commerce. Analysts have maintained specific outlooks during this time, including a ‘buy’ recommendation~~ scheduled for ~~VRG with an upgraded target of 7.2 PLN,~~ publication in a ~~‘buy’ rating for Atrem with 29% growth potential,~~ single week. Key entities expected to release semi-annual results include Modivo—the sole WIG20 representative in this cycle—alongside JSW, Polenergia, Lubawa, Creotech Instruments, Onde, Enter Air, and ~~an ‘accumulate’ rating for Torpol with~~ Medicalgorithmics. Recent stock performance has been mixed: Modivo is experiencing a ~~target~~ sell-off following news of ~~74.2 PLN.~~ intended significant write-offs, and KGHM has seen four consecutive sessions of decline. Conversely, Creotech has seen positive movement driven by better-than-expected second-quarter results.

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