Polish equities closed higher on Tuesday, with the mWIG40 reaching a new all-time high of 10,922 points. The WIG20 rose 0.96 percent and the broader WIG gained 0.93 percent, while the mWIG40 advanced 1.03 percent.
Banks lead the advance
The banking sector was the strongest part of the market. The WIG-Bank index climbed 3.11 percent, driven by strong third-quarter financial results. Alior Bank posted a net profit of 473.2 million zloty, down from 563 million a year earlier, yet still beat market consensus by 12.2 percent.
Bank Millennium reported a net profit of 400.4 million zloty, up from 344.5 million a year earlier, and came in 6.3 percent above analyst expectations. Oddo BHF set a price target of 158 zloty for Alior Bank.
Global sentiment supports the session
Analyst Mateusz Chrzanowski of Noble Securities said the session fitted a global pattern of recovering sentiment after a weaker previous week. He said the first US results were very good, though the market initially fell.
Chrzanowski said Warsaw has no large AI-sector constituents, but that positive sentiment toward AI firms feeds risk appetite. He expects Warsaw to underperform foreign indices over the coming quarters.
Turnover and European peers
Total turnover on the Polish equity market reached 3.05 billion zloty, of which 2.47 billion zloty was in WIG20 constituents. European markets also rose, with the DAX up 0.9 percent and the CAC 40 up 0.7 percent, while the FTSE 100 fell 0.8 percent.
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